BlackRock promotes BTC as a "global monetary alternative" and 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.

https://www.msn.com/en-us/money/markets/blackrock-promotes-bitcoin-as-a-hedge-against-global-financial-disorders/ar-AA1qtTUG?ocid=finance-verthp-feeds

https://x.com/BitcoinMagazine/status/1834283486364270984