BlackRock calls Bitcoin a "global monetary alternative" and promotes it as a hedge against the risk of global financial disorders
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.
This would match up well with the report that 65% of consumers think crypto can replace cash in the future. https://www.benzinga.com/markets/cryptocurrency/24/09/40837412/65-of-u-s-consumers-think-crypto-could-replace-cash-in-the-future-deutsche-bank-report-fin
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