Blockchain

Blackrock CEO warns that Bitcoin can threaten the dollar dominance.

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Blackrock’s CEO LARRY FINK warned that Bitcoin’s appeal could threaten the global dominance of US dollars.

BLACKROCK CEO from a letter to his annual presidential investor I wrote The distributed financing is a “special innovation,” but this innovation added, “Investors can undermine the US economic benefits. Bitcoin Beater to be safer than the dollar. ”

American flag

The United States can be dismissed by balloon debt by July.

Fink’s warning occurs when the US total debt reached $ 36.2 trillion on March 5. According to To the State Joint Economic Committee. National debt rises at a rate of $ 1.8 per year, which is $ 4.9 billion a day.

If debt continues to rise, this month, the United States warned that the United States could fail debt by early July 2025. Nevertheless, Moody’s rating is maintain The US AAA credit rating represents the future downgrade despite the downward revision of the outlook.

BITCOIN is known as a safe shelter that is distributed to investors who want to hedge inflation and protect financial portfolios from uncertain macroeconomics.

Some companies accepted the BTC as part of the Treasury, and Michael Saylor’s strategy led the claim.

A company like Japan Metaplanet I started to buy Bitcoin Game tower The board of directors recently voted for BTC purchases.

BLACKROCK CEO champion token shoes

In his letter, Fink also praised token shoes. He said, “Token is democratized,” and innovation enabled smooth transactions without “cumbersome documents or waiting periods.”

According to Fink, if all assets are tokenized, they will make a “investment revolution”.

He added that tokenization of assets does not need to be closed, the transaction time will be slashed from a few days to a few seconds, and billions of dollars fixed due to a consensus delay can be reinvested immediately.

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