Larry Fink emphasized that last year the US government spending on public debt service exceeded $ 952 billion. If the situation does not change, by 2030, state payments and interest expenses will absorb budget revenues, which will lead to a constant shortage.
“If the United States does not take control of its debt, if the deficit continues to grow, America risks giving way to its position to digital assets, such as bitcoin,” Fink writes.
He emphasized that despite some risks, decentralized financial systems give markets speed, transparency and accessibility.
The head of BlackRock also noted the prospects for the tokenization of assets, comparing the technology with the transition from paper letters to e -mail. Thanks to the tokenization of the share, bonds and real estate, you can transfer to digital form, which will make investments more accessible and accelerate operations.
According to him, the technology simplifies ownership of assets and expands access to high -profit investment. This can revolutionize financial markets and attract new investors.
Earlier, Larry Fink said that bitcoin can reach $ 700,000 if investors of all categories invest from 2% to 5% of their portfolios in the first cryptocurrency.
Source: Bits
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