The Blackrock CEO, Larry Fink, warned that Bitcoin could be eroding the status of the dollar as a world reserve currency.
In its annual report aimed at investors, Fink Point out The increase in national debt as a key problem. He states that only in 2025 interest payments will exceed USD 952,000 million, a figure higher than defense expenditure. In addition, he warns that «by 2030, mandatory government spending and debt service will consume all federal income, generating a permanent deficit.»
In this way, in the report it is highlighted that «the United States has enjoyed the benefits of the dollar as a world reserve currency for decades, but there is no guarantee that this situation is maintained forever.» Bitcoin is mentioned below, which It could become the «Trojan Horse» of the dollar if the US failed to control its debt.
In this context, Fink describes a kind of double -edged weapon: although he claims not to be against digital assets, recognizing that his technology is able to make markets «faster, cheapst and faster,» that same innovation could threaten the economic advantage of the United States, In the event that investors begin to perceive Bitcoin as a more stable asset than the dollar.
It should be noted that the concerns raised by Fink have also been indicated by Elon Musk in several X publications. In September 2024, Musk warned that the United States quickly goes to bankruptcy, noting that The interest payments of the federal government debt have already exceeded the entire budget of the Department of Defense.
Then, in mid -February this year, the head of the Department of Government Efficiency (Doge) was bluntly explaining that «having a national level of debt comparable to that of a World War, without being immersed in one, is something catastrophic.» In addition, he explained that his team is working quickly to detect and stop the levels of waste and fraud.
Despite the excessively cautious posture of Fink to Bitcoin, the truth is that Some specialists believe that the US could rely on the creation of Satoshi Nakamoto to solve the problem of their debt.
In December 2024, when the proposal of a strategic reserve based on BTC, Matthew Sigel, director of Digital Assets of Vaneck was still brewing, suggested that the United States Treasury could begin to acquire a million bitcoins for a period of five years, at an average price of USD 250,000 per currency. According to its projection, this reserve would reach a value of USD 50 billion by 2049, which would represent more than 44% of the estimated national debt.
Finally, at the beginning of March of this year, Trump signed the executive order to create a strategic Bitcoin reserve, although under the condition that it will be composed of confiscated assets; That is, the Government will not allocate public funds for recurring purchases – more pure style of what is done in El Salvador. However, the order includes a provision authorizing the secretaries of Treasury and Commerce to Design neutral strategies for BTC acquisition. It will be necessary to see if from the government they manage to launch plans of the type.
Another that shares an opinion similar to that of Matthew Sigel is Michael Saylor, who a few weeks ago proposed the acquisition of a significant portion of Bitcoin as a key strategy to help the United States reduce his national debt. According to Saylor, if the country bought 25% of all bitcoins in circulation, it could generate sufficient wealth by 2045 and, thus, relieve their debt.