Larry Fink, CEO of BlackRock, said Bitcoin could replace the dollar as a reserve currency because of national debt.
BlackRock CEO Larry Fink warns that America’s rising national debt could threaten the dollar’s status as the world’s reserve currency, potentially leading to decentralized assets like Bitcoin taking its place. He and Bridgewater’s 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 America’s 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: “The U.S. has benefited from the dollar serving as the world’s reserve currency for decades. But that’s not guaranteed to last forever.
