PANews reported on March 31 that according to The Block, BlackRock CEO Larry Fink warned in his annual letter to investors in 2025 that if the United States does not control its debt and continues to expand its fiscal deficit, the US may lose the status of the US dollar as a global reserve currency, and digital assets such as Bitcoin could take its place. Fink mentioned that Bitcoin's decentralized finance (DeFi) innovation greatly improves market efficiency, but this innovation could also weaken the United States' economic advantages. Fink also stated that the tokenization of assets will "completely transform investment" by digitizing stocks, bonds, and funds through blockchain technology, which helps to improve market transparency and trading speed.
