BlackRock CEO Larry Fink claimed in a recent letter that Bitcoin and cryptocurrencies could damage the dollar's international status, according to Beincrypto. If investors see Bitcoin as a hedge against dollar inflation, this could cause serious problems. However, he also insists that the industry has many advantages, especially through tokenization. Larry Fink said the best interests of cryptocurrencies are not always consistent with traditional finance (TradFi) or the US dollar. He said: "For decades, the United States has benefited from the dollar's position as a global reserve currency. But that doesn't guarantee that it will always be the case. By 2030, the government's mandatory spending and debt repayment will drain all federal revenues, resulting in a permanent deficit. If the United States cannot control its debt...the United States will likely give this position to digital assets such as Bitcoin." To be clear, Fink insists that he supports cryptocurrencies and lists some practical problems that he believes cryptocurrencies can solve. He showed a special interest in asset tokenization, claiming that digital native infrastructure will improve and democratize traditional financial ecosystems. Despite these advantages cryptocurrencies have, Fink also recognizes that cryptocurrencies can pose danger to the U.S. economy if managed improperly. He talked about the long-standing practice of using cryptocurrencies to hedge inflation, which is a wise approach for many assets.