BlackRock CEO Advocates for Broader Access to Private Markets

According to Odaily, BlackRock CEO Larry Fink has pledged to make private markets accessible to millions of everyday investors, not just the wealthy elite. Fink emphasized that individuals should benefit more from economic growth, noting that capitalism has recently served only a select few, leading to widespread economic anxiety. He stated that the current economic unease is more severe than at any recent time, and expanding investment opportunities could help alleviate these concerns. In his annual letter to investors on Tuesday, Fink also addressed the status of the U.S. dollar as the global reserve currency, cautioning that its dominance is not guaranteed indefinitely. He warned that nations need to manage their debt levels, suggesting that the dollar could potentially be replaced by digital assets like Bitcoin.