BlackRock, the $9 trillion largest asset manager on the planet, says Bitcoin is the answer to growing global financial disorder.
According to them, Bitcoin can act as a hedge against the increasing uncertainty and geopolitical turmoil that’s weakening trust in governments, banks, and fiat currencies.
They also called Bitcoin a “global monetary alternative.”
Cryptos are also increasingly seen as alternatives to fiat currencies, especially with concerns about the U.S. dollar’s stability. Even though the dollar still holds a dominant position, diversification efforts are clear.
Central banks are exploring digital currencies to protect themselves from potential dollar collapse while embracing new technologies like blockchain and crypto.
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