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phunghinh
@phunghinh
BlackRock CEO Larry Fink warns dollar at risk of losing world reserve currency status to digital assets like bitcoin In his annual letter to investors on Monday, BlackRock CEO Larry Fink warned that if the U.S. doesn't get its debt under control and deficits keep ballooning, the country risks losing its world reserve currency status to digital assets like bitcoin. The U.S. has benefitted from the dollar serving as the world's reserve currency for decades, but there's no guarantee that will last forever, Fink wrote — noting that the national debt has grown at three times the pace of GDP since Times Square's debt clock started ticking in 1989.
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