BlackRock CEO warns: Bitcoin and other digital assets may impact the global position of the US dollar

According to Gate.io News bot, Beincrypto reported that BlackRock CEO Larry Fink recently published an open letter, pointing out that Bitcoin and Crypto Assets could impact the international status of the US dollar, especially when investors use Bitcoin as a Hedging tool against dollar inflation, which could lead to serious issues.

Larry Fink emphasized that the United States has long benefited from the global reserve currency status of the dollar, but this advantage is not permanent. He predicts that by 2030, mandatory government spending and debt servicing will exhaust federal revenues, and if the U.S. cannot control its debt, digital assets like Bitcoin may replace the dollar’s position.

At the same time, Fink expressed his supportive attitude towards the crypto assets industry, particularly optimistic about the development of asset tokenization. He believes that digital native infrastructure will improve and democratize the traditional financial ecosystem, but also warns that if mismanaged, crypto assets could pose risks to the US economy.