According to ChainCatcher news, Beincrypto reports that Larry Fink, the CEO of BlackRock, stated in a recent letter that cryptocurrencies (especially Bitcoin) have many benefits, especially through tokenization, but that they could threaten the dollar's standing internationally if investors see them as a hedge against inflation. "The dollar's position as the world's reserve currency has benefited the U.S. for decades, but that does not guarantee it will always be so. By 2030, mandatory government spending and debt servicing will consume all federal revenue, leading to a permanent deficit. If the U.S. cannot control its debt… it could potentially relinquish this status to digital assets like Bitcoin," said Larry Fink, who said that the interests of cryptocurrencies do not always coincide with those of traditional finance (TradFi) or the dollar. It is crucial to make clear that Fink maintains his support for cryptocurrencies and enumerated a number of actual issues...
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