Larry Fink says Bitcoin could replace the dollar as the world’s reserve currency because of national debt

Larry Fink, chief executive officer of BlackRock Inc. (Credit: F. Carter Smith—Bloomberg/Getty Images)

• BlackRock CEO Larry Fink warns that America’s rising national debt could threaten the dollar’s status as the world’s reserve currency, potentially leading to decentralized assets like Bitcoin taking its place. He and Bridgewater’s Ray Dalio caution that if the U.S. fails to manage its debt, global confidence in U.S. Treasuries may collapse, triggering economic instability and a shift toward alternative financial systems.

With America’s national debt sitting comfortably over the $36.2 trillion mark, BlackRock CEO Larry Fink is warning the burden could one day be the reason the dollar is dethroned as the reserve currency of the world.