BlackRock CEO promises to unlock private investment opportunities for the masses, says dollar could be replaced by assets like Bitcoin

Odaily News BlackRock CEO Larry Fink has pledged to open private markets to millions of everyday investors, not just a wealthy few, and believes that individuals should share more of the benefits of economic growth. He said that capitalism has "only served a few" in recent years, causing anxiety to spread throughout the economy. He said that economic unease is greater than "at any time in recent times" and that expanding investment channels will help ease concerns. In his annual letter to investors on Monday, Larry Fink also mentioned that the U.S. dollar's status as the world's reserve currency "is not guaranteed to exist forever" and warned that the country needs to control its debt. He also suggested that the dollar could lose its status and be replaced by digital assets such as Bitcoin. (Bloomberg)