#BTCvsMarkets đ¨Larry Fink, chief executive officer of BlackRock Inc. says Bitcoin could replace the dollar as the worldâs reserve currency because of national debtđĽ
BlackRock CEO Larry Fink warns that Americaâs rising national debt could threaten the dollarâs status as the worldâs reserve currency, potentially leading to decentralized assets like Bitcoin taking its place. He and Bridgewaterâs Ray Dalio caution that if the U.S. fails to manage its debt, global confidence in U.S. Treasuries may collapse, triggering economic instability and a shift toward alternative financial systems.
With Americaâs national debt sitting comfortably over the $36.2 trillion mark, BlackRock CEO Larry Fink is warning the burden could one day be the reason the dollar is dethroned as the reserve currency of the world.
He argues that decentralized currencies like Bitcoin could replace the dollar as worldwide organizations lose faith in national currencies and seek an independent solution.
Fink explained his theory in his 2025 letter to shareholders, writing: âThe U.S. has benefited from the dollar serving as the worldâs reserve currency for decades. But thatâs not guaranteed to last forever.
âThe national debt has grown at three times the pace of GDP since Times Squareâs debt clock started ticking in 1989. This year, interest payments will surpass $952 billionâexceeding defense spending. By 2030, mandatory government spending and debt service will consume all federal revenue, creating a permanent deficit.
âIf the U.S. doesnât get its debt under control, if deficits keep ballooning, America risks losing that position to digital assets like Bitcoin.
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