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BlackRock CEO warns US debt could weaken dollar’s global role to Bitcoin

BlackRock CEO Larry Fink warns the U.S. dollar’s dominance isn’t guaranteed as soaring debt could push investors toward “digital assets like Bitcoin btc0.38%Bitcoin,” Fink wrote in his annual letter on Monday, March 31.

The head of the world’s largest asset manager, overseeing $11.5 trillion in assets as of 2024, noted that the national debt has grown three times faster than GDP since 1989.