From Nasdaq

April 16, 2025 11:01 am:

BlackRock CEO Larry Fink and crypto experts suggest the U.S. dollar’s role as the international reserve currency could change in the future. The dollar’s stability has made it a safe choice for wealth storage, but rising deficits could shift attention to digital assets like bitcoin.

Challenges exist in adopting decentralized finance, such as security and accessibility. Understanding crypto investments requires military-grade encryption and strict security measures. Crypto custodian services offer regulatory compliance solutions for investors venturing into digital assets.

The potential for bitcoin to become the world’s reserve currency hinges on global acceptance. A sudden or gradual shift away from the U.S. dollar could have significant economic implications, diminishing American influence. Positioning the U.S. as a leader in any new world reserve is essential for maintaining power.

President Donald Trump’s elimination of the IRS Digital Assets Sale and Exchanges Rule signals a crypto-friendly administration. This move could stabilize bitcoin and other large-cap cryptocurrencies like ETH and SOL. If bitcoin becomes a reserve currency, it could solidify its status as “digital gold.”

Overall, the shift towards digital assets like bitcoin poses both opportunities and challenges for the global financial landscape. The U.S. must navigate this potential transition strategically to maintain its position in the world economy. 1. The US economy added 943,000 jobs in July, exceeding expectations and marking the strongest gain in nearly a year. Unemployment rate dropped to 5.4%, with job growth spread across various sectors. This positive report signals a strong recovery from the pandemic-induced recession.

2. The Tokyo Olympics closing ceremony celebrated the achievements of athletes from around the world. The United States led the medal count with 113 total medals, including 39 gold. The ceremony featured performances highlighting Japanese culture and a handover to Paris for the 2024 Olympics.

3. Wildfires continue to ravage parts of California, with the Dixie Fire becoming the second-largest wildfire in the state’s history. Over 500,000 acres have been burned, and thousands of residents have been evacuated. Firefighters are working tirelessly to contain the blaze amid challenging weather conditions.

4. The FDA granted full approval to the Pfizer-BioNTech COVID-19 vaccine for individuals 16 and older, making it the first vaccine to receive such approval in the United States. The decision is expected to boost vaccination rates and increase confidence in the vaccine’s safety and efficacy.

Read more at Nasdaq.: BlackRock CEO: How Bitcoin Could End Up a Safer Bet Than the Dollar