For the last several years, a groundswell of support for a global de-dollarization movement has taken place. Although the currency is still far and away from the global standard, things could be set to change. Indeed, BlackRock CEO Larry Fink recently suggested that Bitcoin could replace the US dollar as the world’s global reserve currency.
With groups like the BRICS economic alliance leading the charge, the power of the greenback has certainly been threatened. However, according to Fink, the dollar is at risk of losing its status not to the currency of another nation but to Bitcoin. Indeed, it could be the leading digital asset that sets forth a global finance revolution.
JUST IN: BlackRock CEO Larry Fink says US dollar is at risk of losing its reserve status to Bitcoin.
— Watcher.Guru (@WatcherGuru) March 31, 2025
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BlackRock CEO Warns US Dollar Could Lose Global Reserve Status to Bitcoin
US President Donald Trump’s return to the White House came with two key focuses for his administration: one was maintaining the power and status of the US dollar, and the other was becoming the crypto capital of the world. He threatened de-dollarizing nations with 150% tariffs and has sought to completely overhaul the country’s digital asset policy completely.
Yet, those two ideas may be coming into direct competition with each other. Indeed, BlackRock CEO Larry Fink has recently warned that the US dollar is at risk of losing its reserve status to Bitcoin. Specifically, Fink made the stark warning in this annual chairman’s letter.
The head of the $11 trillion asset manager noted that the US has benefitted from the dollar’s position for decades. However, he warned that the growing national debt could threaten that.
Also Read: BRICS: US Dollar Falls Against 8 Currencies in 2025
In 2025, the US government will see its interest payments surpass $952 billion, more than the country’s defense spending. If this doesn’t change by 2030, the debt service will consume all federal revenue, creating a deficit. Moreover, Bitcoin’s ascension could intrigue nations looking to move away from it.
“I’m obviously not anti-digital assets, but two things can be true at the same time,” Fink said. “Decentralized finance is an extraordinary innovation. It makes markets faster, cheaper, and more transparent. Yet, that same innovation could undermine America’s economic advantage if investors begin seeing Bitcoin as a safer bet than the dollar.”
BlackRock was one of the earliest institutional believers in Bitcoin’s potential. In early 2024, it was among the first handful of issuers of the inaugural spot Bitcoin ETFs in the country. Since then, it has been lauded as perhaps the greatest ETF launch in history. Moreover, it solidifies the exceptional potential that BTC has.