1 Surprising Reason to Buy Bitcoin, According to BlackRock CEO Larry Fink
If you're new to crypto, here's one idea you might not have heard before: Bitcoin (CRYPTO: BTC) could be ready to challenge the U.S. dollar as the world's reserve currency. That type of transformative change, of course, would be history-making, and it would require a fundamental restructuring of the global financial system -- sort of like we're seeing right now, with tariffs and the potential for a global trade war.In his annual letter to investors this year, BlackRock (NYSE: BLK) CEO and Chairman, Larry Fink, suggested that Bitcoin had the potential to replace the U.S. dollar as the world's reserve currency. Is that scenario really possible? And if it is, what does it mean for Bitcoin's future?There's obviously a lot to unpack here. The first is the entire notion of what a reserve currency should be, and what role it plays in the global economy. The easiest way to think about a reserve currency is that it is the one currency that you need to do business in the world. So it needs to be truly global. It needs to function as a medium of exchange for trade and investment. And it needs to be accepted and used by citizens in every sovereign nation.Continue reading
If you're new to crypto, here's one idea you might not have heard before: Bitcoin (CRYPTO: BTC) could be ready to challenge the U.S. dollar as the world's reserve currency. That type of transformative change, of course, would be history-making, and it would require a fundamental restructuring of the global financial system -- sort of like we're seeing right now, with tariffs and the potential for a global trade war.
In his annual letter to investors this year, BlackRock (NYSE: BLK) CEO and Chairman, Larry Fink, suggested that Bitcoin had the potential to replace the U.S. dollar as the world's reserve currency. Is that scenario really possible? And if it is, what does it mean for Bitcoin's future?
There's obviously a lot to unpack here. The first is the entire notion of what a reserve currency should be, and what role it plays in the global economy. The easiest way to think about a reserve currency is that it is the one currency that you need to do business in the world. So it needs to be truly global. It needs to function as a medium of exchange for trade and investment. And it needs to be accepted and used by citizens in every sovereign nation.
