The US dollar is an international reserve currency from the end of World War II. Can it change? Larry Fink, CEO of Blackrock, with many crypto experts, assumes that this is a chance. Not immediately, but someday. Perhaps.
“This is not very likely in the short term,” said CK Zheng, co-founder and CIO of ZX Squad Capital. “But in the long run, the possibility is increasing.”
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The relative stability of the dollar has made it a currency of choice for international exchange and is generally a generally recognized “safe” location to store money for almost a century. In his annual letter to investors, Fink wrote, “If the US does not get its debt control, if a balloon keeps the deficit, the US loses the situation that loses the condition in digital assets such as bitcoin.”
Jonathan Rose, CEO of Blockstaste Ira and Janesis Gold Group, said, “The natural development of money could be decentralized,” said Blockstrust Ira and Janenis Gold Group CEO Jonathan Rose. Pointing to some advantages, he shared that bitcoin -like cryptocurrency offers “sharp, cheap, more transparent” transactions.
Defffe challenges
However, challenges arise in terms of safety, safety and access of bitcoin as the primary means of currency. “It will take some time for complete integration,” said Rose.
Similarly, people will have a learning state to understand what to invest, storage and use crypto. “If you are going to invest in these digital assets, then you will give you military-grade encryption … 24/7 with security and security, insurance,” he said.
“Crypto Custodian services provide a great solution for most investors with strict regulatory compliance,” Zheng said.
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Can Bitcoin become the world’s currency?
“One in [theoretical] The future world can become the world reserved currency without any major fiat currency, seeing the nature of decentralization of bitcoin, “Zheng said.” For this to happen, most of the powers of the world are required to embrace it. ,
In a new world reserve, overnight innings will create the market turmoil. Even a gradual change can wreak havoc on the American economy. “If the US loses reserved currency, its political and economic influences around the world will be greatly reduced,” Zheng said.
Rose agreed, emphasizing that America would need to place itself as a leader in any new world reserve.
On April 10, 2025, President Donald Trump signed the Carrie Bill, which ends the Interior Revenue Service (IRS) digital assets sales and exchange rules. This is an important step because the rule requires decentralized finance brokers to submit the information report to the IRS, similarly by other investment brokers.
“With a administration that is very crypto-friendly, they are planting small seeds, preparing the public, that [crypto and decentralized finance] To live here, “Rose said.
Today for investors, these changes can be bowed well for the stability of bitcoin as well as other large-caps such as Ath and Sol. “If bitcoin becomes a reserved currency, it will actually become ‘digital gold’,” Zheng concluded.
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This article originally appeared on Gobankingrates.com: Blackrock CEO: How Bitcoin can eliminate a safe condition compared to dollars
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