比特币可以取代美元作为世界的基准

全球资产管理巨头BlackRock首席执行官Larry Fink发出了明显的警告：比特币可以取代美国货币

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.

美元可能会在自己矛盾的重量下步履蹒跚。全球资产管理巨头BlackRock（NYSE：BLK）首席执行官Larry Fink发出了明显的警告：比特币（BTC）可以取代美国货币作为世界的基准。这一预言远非孤立，是对绿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.

在美国的爆炸性债务和加密货币的迅速崛起之间，全球金融格局正在经历转型。

The End of an Era

时代的终结

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.

几十年来，美元一直没有挑战。石油，主权债务，中央储备：其霸权似乎是无法触及的。但是，金砖国家现在正在挥舞着脱衣化的旗帜。他们的目标？通过促进区域替代方案来打破美国的控制。

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.

尽管这些举措仍然很难强加自己，但它们揭示了大厦的裂缝。许多人认为美元的下降是不可逆转的。到2025年，美国债务的利息预计将超过9520亿美元，超过国防预算。根据芬克（Fink）的说法，到2030年可能会吞噬所有联邦收入。

“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.

他提醒我们：“全球储备的地位不是神圣的权利。”被慢性赤字烧毁的投资者可能会转向被认为更安全的资产。这就是比特币发挥作用的地方。比特币既不受国家控制也不受到通货膨胀的控制，就可以体现出根本性的破裂。现在，其市值超过了许多国家货币。

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.

对于芬克来说，这种权力下放是一把双刃剑：虽然它激发了市场，但它也可能破坏美国的经济优势。他补充说：“投资者正在寻求替代方案。”

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

但是，如何曾经考虑到边际征服其旨在取消雷隆的机构呢？

Bitcoin ETF: The Paradox of an Institutitionalized Revolution

比特币ETF：机构革命的悖论

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，贝莱德（Blackrock）在美国推出了第一个位置比特币ETF，这取得了巨大的成功。在最初的几个月内，该产品在传统投资者中有合法化的加密货币合法化。

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.

具有讽刺意味的是，管理全球金融体系部分的公司成为可能破坏的工具。唐纳德·特朗普（Donald Trump）理解了这一点：美国希望成为美元的监护人，又是加密货币的先驱者。但是这种二元性是不可持续的。通过威胁要以惩罚性税收的脱衣舞，在将数字资产市场释放的同时，华盛顿正在开火。

“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.

芬克总结说：“增强我们市场的创新可能会削弱我们。”一个反映新时代歧义的战略困境。明天世界将通过数字货币和州货币混合使用吗？比特币凭借其编程的稀缺性和透明的基础设施，吸引了寻求独立性的国家。

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，加密货币不再只是投机工具，而是与历史巨头的可信竞争对手。拉里·芬克（Larry Fink）的预言不是对美元的攻击，而是残酷的现实检查。比特币（这是金融叛逆者）今天体现了它挑战系统的生活矛盾。