Bitcoin could reduce dominance of US dollar — BlackRock

Quick Summary:

Fink wrote in his Annual Chairman’s Letter to Investors that “decentralized finance is an extraordinary innovation” that makes “markets faster, cheaper, and more transparent.” But “that same innovation could undermine America’s economic advantage if investors begin seeing Bitcoin as a safer bet than the dollar.”According to Trading Economics, the US debt equaled 122.3% of the country’s gross domestic product in 2023.

And billions of dollars currently immobilized by settlement delays could be reinvested immediately back into the economy, generating more growth.”Related: Centralization and the dark side of asset tokenization — MEXC execTokenization democratizes access, shareholder voting, and yield, Fink wrote.According to RWA.xyz, the tokenized real-world assets market amounts to $19.6 billion.

Fink: Tokenization is democratizationIn the letter, Fink says that “tokenization is democratization” with the technological innovation “enabling instant buying, selling, and transferring without cumbersome paperwork or waiting periods.”If every asset ends up being tokenized, Fink said, “it will revolutionize investing.

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Article Details

Author / Journalist: Cointelegraph by Christopher Tepedino

Category: Crypto

Markets: United States

Topics: Letter Trillion Investors According Bitcoin Wrote Dollar Tokenized Debt Fink Asset

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-31 @ 19:17:28 (1 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 485 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 27493137

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About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

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