PANews reported on March 31 that, according to The Block, BlackRock CEO Larry Fink warned in his annual letter to investors in 2025 that if the United States does not control its debt and continues to expand its fiscal deficit, the United States may lose its status as a global reserve currency, and digital assets such as Bitcoin may take its place. Fink mentioned that the innovation of Bitcoin's decentralized finance (DeFi) has greatly improved the efficiency of the market, but such innovation may also weaken the economic advantage of the United States. Fink also said that the tokenisation of assets will "revolutionize investing", enabling digital trading of stocks, bonds and funds through blockchain technology, helping to improve market transparency and transaction speed.
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BlackRock CEO: Bitcoin may replace the US dollar's status as a global reserve currency, tokenization will disrupt investment models.
PANews reported on March 31 that, according to The Block, BlackRock CEO Larry Fink warned in his annual letter to investors in 2025 that if the United States does not control its debt and continues to expand its fiscal deficit, the United States may lose its status as a global reserve currency, and digital assets such as Bitcoin may take its place. Fink mentioned that the innovation of Bitcoin's decentralized finance (DeFi) has greatly improved the efficiency of the market, but such innovation may also weaken the economic advantage of the United States. Fink also said that the tokenisation of assets will "revolutionize investing", enabling digital trading of stocks, bonds and funds through blockchain technology, helping to improve market transparency and transaction speed.