Bitcoin

BlackRock CEO Warns Bitcoin Could Threaten Dollar Dominance

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Blackrock CEO Larry Fink warned that the growing bitcoin as a criminal intake could threaten the world domination of the US dollar.

In his annual letter from the president to investors, the CEO of Blackrock wrote This decentralized finance is “an extraordinary innovation”, but added that this same innovation “could undermine America's economic advantage if investors are starting to see Bitcoin Like a safe bet than the dollar. »»

American flag

The United States could be lacking on hot air balloon debt by July

Fink's warning occurs while the US gross national debt reached 36.2 dollars on March 5, according to to the country's joint economic committee. The national debt increases at a rate of $ 1.8 billion per year, which is equivalent to $ 4.9 billion per day.

If the debt continues to increase, the Bipartisan Policy Center warned this month that the United States could be lacking on its debt in July 2025. retained The United States AAA credit rating even if it has demoted its negative perspectives, indicating a possible future.

Bitcoin has become known as a decentralized refuge for investors who wish to cover themselves against inflation and protect their financial portfolios against uncertain macroeconomic conditions.

Several companies have adopted the BTC as part of their treasury bills, Michael Saylor's strategy leading the charge.

Companies like Japan Metaplanet also started buying bitcoin, while GameStop's The board of directors recently voted for the purchase of BTC as well.

Tokenization of the CEO of BlackRock Champions

In his letter, Fink also praised the tokenization. He continued by saying that “tokenization is democratization”, noting that innovation has enabled transparent transactions without “paperwork or heavy waiting periods”.

According to Fink, if each asset had to be tokenized, he “would revolutionize investment”.

He added that tokenive assets would remove the need to close the markets, reduce the days of days in seconds and allow billions of dollars immobilized by regulation delays to reinvest immediately in the economy.

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