BlackRock CEO promises to unlock private investment opportunities for the masses, says dollar could be replaced by assets like Bitcoin

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According to Bloomberg, as reported by Foresight News, BlackRock CEO Larry Fink promised to open private markets to millions of everyday investors, not just a few wealthy individuals, and believes that individuals should share more of the economic growth benefits. He stated that capitalism has "only served a few" in recent years, leading to anxiety spreading across the entire economic field. He said that economic uncertainty is more severe than at "any recent time," and expanding investment channels will help alleviate concerns.

In his annual letter to investors on Monday, Larry Fink also mentioned that the status of the US dollar as a global reserve currency is "not guaranteed forever" and warned that countries need to control their debt. He also suggested that the dollar might lose its status and be replaced by digital assets like Bitcoin.

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