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Pretty stark warning...

Larry Fink, as the CEO of BlackRock, might frame this as a dire warning because the U.S. dollar's status as the world's reserve currency is a cornerstone of American economic dominance, providing benefits like lower borrowing costs and global financial influence. The image highlights the U.S.'s escalating national debt, which has outpaced GDP growth since 1989, with interest payments projected to hit $952 billion this year—outstripping defense spending—and potentially consuming all federal revenue by 2030. This unsustainable debt trajectory, if unchecked, could erode confidence in the dollar, especially as digital assets like Bitcoin gain traction as alternative stores of value.

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Cyber Doodle

What currency are the BRICS nations using for trade?

AC1

Can I ask a very silly question? Who are these interest payments going to? IMF?

BenY

to whoever bought US Bonds - including retail investors, various funds, nation state

David W

James used to say that Gary Gensler answered to Larry Fink. I'm curious to know who Larry Fink answers to? And no, it's not the Blackrock Board or shareholders. I sense further figures sit behind the scenes. They didn't want Bitcoin to take off. They desperately don't want Bitcoin to become a medium of exchange, a reserve currency. For if Bitcoin were to become a global medium of exchange, in addition to a store of value, it would be game over for their money printing, inflationary, corrupt tactics. Central Banks would become defunct, no longer required, as ownership of money goes decentralised and its printing determined by the Bitcoin algorithm In my view we need a clear line of sight between all Bitcoin ETFs and Bitcoin held on wallets. Same goes for MSTR. Unlike Gold, Bitcoin is onchain and visible. Time to grasp this and act accordingly.

Lyss Murphey

Bitcoin becoming the world's reserve currency would be a step towards fair trade. It would rid the world of fiat gaming and the freezing of $ assets. People would have the same power as nations to trade freely and move assets without government interference. Unsustainable practices would be self limiting. The USA currently has enough credit power to capture enough Bitcoin to eliminate the national debt as the first mover in the Prisoner's Dilemma game theory. Less credit capable nations would have to acquire their Bitcoin at elevated prices in order to participate. No other nation currently has that opportunity to lead.

LebZeppelin

Who owns all this debt? Who is the beneficiary of all this interest being paid?

btcrealm

In many ways the people of the US have not benefited (especially recently) from it. This is a very frustrating claim. The global power of the US has benefited from it and created a class that is now damaging (and has been) the people of the US and many other countries. The benefit of a US reserve currency has been the rest of the world. After the chaos of WWI and WWII. There should be no global US reserve currency, at least not for the benefit of the US' people... Our hollow shell is destroying us.

JobberWokker

Having the dollar as the reserve currency is incredibly important, it's one of the reasons our markets are the most liquid in the world. If ppl don't invest, that's on them, isn't it? I get it that life is hard, but I can guarantee that most people CAN invest monthly, even if it's just $20~$100, but they don't. They go about life unconscously spending on weed and coffee and Nikes and smokes and beers and Taco Bell, etc. 20 to 100 monthly starting from the first job someone gets until they earn more and can put more into the markets will make them much better off later in life.