BlackRock CEO: Bitcoin may replace the US dollar as the global reserve currency, tokenization will disrupt investment models

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 widen its fiscal deficit, it may lose the status of the US dollar as the global reserve currency, and digital assets such as Bitcoin may replace it. Fink mentioned that the innovation of decentralized finance (DeFi) in Bitcoin has greatly improved market efficiency, but this innovation may also weaken the economic advantage of the United States. Fink also stated that tokenization of assets will "fundamentally change investments" by enabling digital trading of stocks, bonds, and funds through blockchain technology, which will help improve market transparency and trading speed.