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BlackRock, the World's Largest Asset Manager, Warned Millions of Customers: Bitcoin Could Overthrow the US - Coin Bulletin
BlackRock CEO Larry Fink stated that with the rise of Bitcoin (BTC), the threat to the US Dollar has increased, and the country's growing debt burden could exacerbate this situation.
Fink, who continues to show interest in digital assets, stated that they are cautious about the potential dangers of Bitcoin for the U.S. economy. In his annual letter to shareholders, he said:
"Bitcoin can replace the Dollar"
Fink stated that he did not openly oppose digital assets, but at the same time warned that Bitcoin could replace the Dollar.
Fink's letter was written during a period of increasing uncertainty regarding the country's economic situation and the policies implemented by President Donald Trump. Calling on investors to diversify their portfolios, Fink stated that private market assets should be included in portfolios alongside stocks and bonds.
Fink, who reiterated his faith in digital assets, stated that he believes tokenized funds will become as widespread as exchange-traded funds (ETFs). However, he emphasized that a better infrastructure for digital identities needs to be established.