BlackRock CEO warns dollar’s dominance not guaranteed, cites Bitcoin as alternative

BlackRock CEO Larry Fink said the U.S. dollar’s role as the global reserve currency is not guaranteed and could eventually be replaced by digital assets like Bitcoin, Bloomberg reported. In his annual letter to investors, Fink said capitalism has recently served only the wealthy few, fueling widespread economic anxiety. He pledged to expand access to private markets for millions of everyday investors, not just the rich, as a way to address that concern.