BlackRock CEO Drops a Bombshell on the Future of the Dollar Against Bitcoin
What if the dollar faltered under the weight of its own contradictions? Larry Fink, CEO of BlackRock, the global asset management giant, issues a stark warning: bitcoin could supplant the American currency as the world’s benchmark. A prophecy that, far from being isolated, is part of a growing distrust towards the greenback. Between the explosive debt of the United States and the meteoric rise of cryptos, the global financial landscape is undergoing a transformation.
The End of an Era
For decades, the dollar has reigned unchallenged. Oil, sovereign debt, central reserves: its hegemony seemed untouchable.
But the BRICS are now waving the banner of dedollarization. Their goal? To break the American grip by promoting regional alternatives.
While these initiatives still struggle to impose themselves, they reveal a crack in the edifice. And many believe the decline of the dollar is irreversible.
By 2025, the interest on American debt is expected to exceed 952 billion dollars — more than the Defense budget.
A chasm that, according to Fink, could swallow up all federal revenues by 2030. “The status of global reserve is not a divine right,” he reminds us.
Investors, burned by chronic deficits, could then turn to assets perceived as safer. And this is where bitcoin comes into play.
Neither controlled by a state nor subject to inflation, bitcoin embodies a radical break. Its market capitalization now exceeds that of many national currencies.
For Fink, this decentralization is a double-edged sword: while it energizes markets, it could also undermine America’s economic advantage. “Investors are seeking alternatives,” he emphasizes.
A troubling admission from the leader of a fund managing 11 trillion dollars.
But how did an asset once considered marginal conquer the institutions it aimed to dethrone?
Bitcoin ETF: The Paradox of an Institutionalized Revolution
In January 2024, BlackRock launched the first spot bitcoin ETF in the United States — a resounding success.
With 47.4 million dollars in assets within the first few months, this product legitimized crypto among traditional investors.
Ironically, the company managing part of the global financial system becomes the vehicle for its possible disruption.
Donald Trump understood this: the United States wants to be both guardians of the dollar and pioneers of cryptos. But this duality is unsustainable. By threatening dedollarizing countries with punitive taxes while liberalizing the digital asset market, Washington is playing with fire.
“The same innovation that strengthens our markets could weaken us,” admits Fink. A strategic dilemma that reflects the ambiguity of a new era.
Will the world tomorrow operate with a mix of digital currencies and state currencies? Bitcoin, with its programmed scarcity and transparent infrastructure, attracts nations seeking independence.
For the first time, a crypto is no longer just a speculative tool, but a credible rival to historical giants. Larry Fink’s prophecy is not an attack on the dollar, but a brutal reality check. Bitcoin, this financial rebel, embodies today the living contradiction of the system it challenges. Saylor understood this well – and is not hesitant to profit from the correction.
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Fascinated by Bitcoin since 2017, Evariste has continuously researched the subject. While his initial interest was in trading, he now actively seeks to understand all advances centered on cryptocurrencies. As an editor, he strives to consistently deliver high-quality work that reflects the state of the sector as a whole.
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.