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The Blackrock CEO, Larry Fink, warned that bitcoin's growing attraction as a safe asset could threaten the global domain of the US dollar.
In the annual letter of the president to investors, the Blackrock CEO wrote This decentralized financing is “an extraordinary innovation”, but added that this same innovation “could undermine the economic advantage of the United States if investors begin to see bitcoin as a safer bet than the dollar. ”
USA
Fink's warning occurs when the United States's gross national debt reached $ 36.2 billion on March 5, according to the joint economic committee of the country. The national debt is increasing 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 Policies Center warned this month that the United States could breach its debt in July 2025. Despite this, Moody's Ratings has detained The AAA credit rating of the United States even when it has reduced its perspective to negative, indicating a possible future reduction.
bitcoin has become known as a safe decentralized refuge for investors who wish to protect themselves against inflation and protect their financial portfolios from uncertain macroeconomic conditions.
Several companies have embraced btc as part of their treasures, with Michael Saylor's strategy leading the position.
<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”11.792763157895″>
<a target="_blank" href="https://twitter.com/search?q=%24MSTR&src=ctag&ref_src=twsrc%5Etfw”>$ Mstrer has acquired 22,048 btc for ~ $ 1.92 billion to ~ $ 86,969 by bitcoin and has reached a btc yield of 11.0% YTD 2025. From 3/30/2025, <a target="_blank" href="https://twitter.com/Strategy?ref_src=twsrc%5Etfw”>@Strategy It has 528,185 <a target="_blank" href="https://twitter.com/search?q=%24BTC&src=ctag&ref_src=twsrc%5Etfw”>$ btc acquired for ~ $ 35.63 billion to ~ $ 67,458 by bitcoin. <a target="_blank" href="https://twitter.com/search?q=%24STRK&src=ctag&ref_src=twsrc%5Etfw”>$ Strk <a target="_blank" href="https://twitter.com/search?q=%24STRF&src=ctag&ref_src=twsrc%5Etfw”>$ Strlf https://t.co/1sfybiglnt
– Michael Saylor (@saylor) <a target="_blank" href="https://twitter.com/saylor/status/1906678678714556632?ref_src=twsrc%5Etfw”>March 31, 2025
Companies like Japan based in Japan Metaplenet bitcoin have also begun, while Gamestop The Board of Directors has recently voted in favor of buying btc too.
Blackrock CEO tokenization champions
In his letter, Fink also praised tokenization. He continued saying that “tokenization is democratization,” noting that innovation has allowed transactions without problems without “paperwork or waiting periods.”
According to Fink, if each asset were tokenized, “the investment would revolutionize.”
He added that tokenization assets would eliminate the need for markets to close, cut transactions in time to second time and allow billions of dollars immobilized by liquidation delays to be immediately reinvested in the economy.
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