Blackrock CEO Larry Fink: Bitcoin could replace the dollar as a leading currency

• Blackrock’s CEO warns that the US debt could make Bitcoin challenging the dollar as a global reserve currency.
• With the introduction of ETFs and tokenization, Bitcoin gains tensile force as a serious asset class in modern portfolios.

According to the statement of the Blackrock boss, that Bitcoin will achieve $ 700,000 in the middle of economic turbulence-CNF-there is another provocative conclusion from Larry Fink: he sees the long-term living capacity of the US duty as a world reserve currency in danger and referred to the increasing state debt as a central problem.

Fink warned that Bitcoin could become a credible alternative to the dollar if the US financial policy course does not change.

The US debt crisis and its effects

The United States’ public debt has now exceeded 100% of GDP, and the annual interest payments are expected to exceed $ 952 billion.

Fink noted when this trend continued, the United States is looking forward to a future in which the entire federal revenue would have to be used for debt service by 2030, which would endanger its financial fore.

Bitcoin als Alternative?

Fink emphasized that a failure in coping with the fiscal risks would probably undermine worldwide trust in the US dollar. In such a scenario, decentralized digital assets such as Bitcoin – which are independent of traditional institutions – could become increasingly attractive for investors who are looking for protection against inflation and currency devaluation.

In addition to the highlighting of the risks, Fink spoke out for the role of digital financial system and the tokenization of assets and explained that tokenized assets can improve transparency, efficiency and liquidity of the markets.

Blackrock has already moved in this direction with initiatives such as the Buidl Fund, which will develop into one of the largest tokenized financial products.

Bitcoin in the investment portfolios

As CNF reported, Fink confirmed in 2024 that Bitcoin deserved its place in diversified portfolios. Under his leadership, Blackrock launched the Ishares Bitcoin Trust (IBIT), which is now one of the largest stock market trades worldwide.

In his Annual Chairman’s letter from 2025 Fink sketched a future portfolio standard:

The future standard portfolio could look more like 50/30/20 – stocks, bonds and private assets such as real estate, infrastructure and private loans.

He called for a balanced regulatory framework to support the institutional takeover of digital assets and emphasized how important identity review and security are to ensure safe integration into traditional finance.

Current Bitcoin development

When writing this article, Bitcoin is traded at around $ 82,900, which corresponds to an increase of 1.60 % in the last 24 hours, but after a decrease of 4.23 % in the past week, which reflects its volatility, since investors take finks seriously with regard to the US debt.