BlackRock CEO warns Bitcoin could replace U.S. dollar as reserve currency due to debt concerns.

From Yahoo Finance: 2025-04-03 18:30:00

BlackRock CEO Larry Fink warns Bitcoin could replace the U.S. dollar as the world’s reserve currency. He highlights the U.S.’s growing national debt as a major concern, standing at over $36 trillion and growing at an unsustainable rate.

Fink suggests Bitcoin could be a solution to the U.S.’s rising debt problem, with supporters like Sen. Cynthia Lummis and Michael Saylor arguing that accumulating Bitcoin could help tackle the debt by leveraging its potential to soar to over seven figures.

Some have proposed that the U.S. could pay off its debt in crypto, with Trump establishing a U.S. reserve through an executive order. The debate continues on whether this strategy is feasible to neutralize debt and attract capital.



Read more at Yahoo Finance: BlackRock’s Larry Fink Warns Dollar Risks Losing Reserve Currency Status To Bitcoin