比特幣可以取代美元作為世界的基準

全球資產管理巨頭BlackRock首席執行官Larry Fink發出了明顯的警告：比特幣可以取代美國貨幣

The American dollar could be faltering under the weight of its own contradictions. Larry Fink, CEO of BlackRock (NYSE:BLK), the global asset management giant, has issued a stark warning: bitcoin (BTC) could supplant the American currency as the world’s benchmark. A prophecy that, far from being isolated, is part of a growing distrust towards the greenback.

美元可能會在自己矛盾的重量下步履蹣跚。全球資產管理巨頭BlackRock（NYSE：BLK）首席執行官Larry Fink發出了明顯的警告：比特幣（BTC）可以取代美國貨幣作為世界的基準。這一預言遠非孤立，是對綠背的不信任的一部分。

Between the explosive debt of the United States and the meteoric rise of cryptos, the global financial landscape is undergoing a transformation.

在美國的爆炸性債務和加密貨幣的迅速崛起之間，全球金融格局正在經歷轉型。

The End of an Era

時代的終結

For decades, the dollar has reigned unchallenged. Oil, sovereign debt, central reserves: its hegemony seemed untouchable. But the BRICS nations are now waving the banner of dedollarization. Their goal? To break the American grip by promoting regional alternatives.

幾十年來，美元一直沒有挑戰。石油，主權債務，中央儲備：其霸權似乎是無法觸及的。但是，金磚國家現在正在揮舞著脫衣化的旗幟。他們的目標？通過促進區域替代方案來打破美國的控制。

While these initiatives still struggle to impose themselves, they reveal a crack in the edifice. And many believe the decline of the dollar is irreversible. By 2025, the interest on American debt is expected to exceed 952 billion dollars — more than the Defense budget. A chasm that, according to Fink, could swallow up all federal revenues by 2030.

儘管這些舉措仍然很難強加自己，但它們揭示了大廈的裂縫。許多人認為美元的下降是不可逆轉的。到2025年，美國債務的利息預計將超過9520億美元，超過國防預算。根據芬克（Fink）的說法，到2030年可能會吞噬所有聯邦收入。

“The status of global reserve is not a divine right,” he reminds us. Investors, burned by chronic deficits, could then turn to assets perceived as safer. And this is where bitcoin comes into play. Neither controlled by a state nor subject to inflation, bitcoin embodies a radical break. Its market capitalization now exceeds that of many national currencies.

他提醒我們：“全球儲備的地位不是神聖的權利。”被慢性赤字燒毀的投資者可能會轉向被認為更安全的資產。這就是比特幣發揮作用的地方。比特幣既不受國家控制也不受到通貨膨脹的控制，就可以體現出根本性的破裂。現在，其市值超過了許多國家貨幣。

For Fink, this decentralization is a double-edged sword: while it energizes markets, it could also undermine America’s economic advantage. “Investors are seeking alternatives,” he adds, a troubling admission from the leader of a fund managing 11 trillion dollars.

對於芬克來說，這種權力下放是一把雙刃劍：雖然它激發了市場，但它也可能破壞美國的經濟優勢。他補充說：“投資者正在尋求替代方案。”

But how did an asset once considered marginal conquer the institutions it aimed to dethrone?

但是，如何曾經考慮到邊際征服其旨在取消雷隆的機構呢？

Bitcoin ETF: The Paradox of an Institutitionalized Revolution

比特幣ETF：機構革命的悖論

In January 2024, BlackRock launched the first spot bitcoin ETF in the United States — a resounding success. With 47.4 million dollars in assets within the first few months, this product legitimized crypto among traditional investors.

2024年1月，貝萊德（Blackrock）在美國推出了第一個位置比特幣ETF，這取得了巨大的成功。在最初的幾個月內，該產品在傳統投資者中有合法化的加密貨幣合法化。

Ironically, the company managing part of the global financial system becomes the vehicle for its possible disruption. Donald Trump understood this: the United States wants to be both guardians of the dollar and pioneers of cryptos. But this duality is unsustainable. By threatening dedollarizing countries with punitive taxes while liberalizing the digital asset market, Washington is playing with fire.

具有諷刺意味的是，管理全球金融體係部分的公司成為可能破壞的工具。唐納德·特朗普（Donald Trump）理解了這一點：美國希望成為美元的監護人，又是加密貨幣的先驅者。但是這種二元性是不可持續的。通過威脅要以懲罰性稅收的脫衣舞，在將數字資產市場釋放的同時，華盛頓正在開火。

“The same innovation that strengthens our markets could weaken us,” Fink concludes. A strategic dilemma that reflects the ambiguity of a new era. Will the world tomorrow operate with a mix of digital currencies and state currencies? Bitcoin, with its programmed scarcity and transparent infrastructure, attracts nations seeking independence.

芬克總結說：“增強我們市場的創新可能會削弱我們。”一個反映新時代歧義的戰略困境。明天世界將通過數字貨幣和州貨幣混合使用嗎？比特幣憑藉其編程的稀缺性和透明的基礎設施，吸引了尋求獨立性的國家。

For the first time, a crypto is no longer just a speculative tool, but a credible rival to historical giants. Larry Fink’s prophecy is not an attack on the dollar, but a brutal reality check. Bitcoin, this financial rebel, embodies today the living contradiction of the system it challenges.

第一次，加密貨幣不再只是投機工具，而是與歷史巨頭的可信競爭對手。拉里·芬克（Larry Fink）的預言不是對美元的攻擊，而是殘酷的現實檢查。比特幣（這是金融叛逆者）今天體現了它挑戰系統的生活矛盾。