Bitcoin may challenge US Dollar’s dominance, says BlackRock CEO

The flagship cryptocurrency, Bitcoin (BTC), has the potential to challenge the US dollar’s status as the global reserve currency, said Larry Fink, Chairman and CEO of BlackRock, the world’s largest asset management firm, in his 2025 annual letter to shareholders. Bitcoin, Fink said, represents both a disruptive innovation and a geopolitical risk, particularly if the US government fails to address its rising debt and fiscal deficits, according to reports.