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Uncle Larry said the following, wait a minute. Here's yesterday's post, right? August 12th, at 9 AM, Uncle Larry said the following: "The CEO of BlackRock claims that Bitcoin will dominate as the world's reserve currency over the US dollar." Let's see what he said. broken down. So, what did Larry Fink actually say, guys?
In his annual letter to shareholders, BlackRock CEO Larry Fink warned that the dominance of the US dollar as a reserve currency is not guaranteed. He wrote that if the United States doesn't control its debt, and what is the state of American debt now? Let's take a look here. US Depth clock. Let's see how the American debt is doing.
Quickly. Let's go. Oh my god. Look at this. 37 trillion dollars. 37,226. And it keeps going up. So, what did he say? Well, he wrote that if the United States doesn't control its public debt and growing deficits aren't brought under control, digital assets like Bitcoin could replace the dollar as a reserve currency.
Fink highlighted the following, and quotes Uncle Larry Fink. If the United States fails to address its fiscal challenges, Bitcoin could ultimately replace the dollar as the global reserve currency . Close quotation mark. Yuri, why is this significant? Man, this is significant simply because BlackRock is, just that, the largest asset manager with over $10 trillion under management.
Any such signal from within the upper echelons immediately reverberates through the global financial market. In other words, when Larry Fink speaks, the market listens. When Larry Fink speaks, billionaires listen. Large investors listen because it's the world's largest asset manager. That's 10 trillion dollars, understand?
So, when this guy here speaks, the people listen, the people hear him, right? Just like when Rey speaks, the crowd listens too, the crowd hears. When Tom Lee speaks, some people don't believe him, but those who do usually do well, right, Tom Lee, our dear friend, right? Look, there he is, look, there he is, my dear.
He made the call. He made the call, my friends. And some people were saying, "No, it's nothing. This guy doesn't know anything, no, I don't know what." There you go. Suck it up, it's grape flavored, my friends. Bit Minion, a publicly traded company, where Tom Lee is the chairman now, right? She bought an additional 317,126 ethereums worth $1.32 billion.
Oh, daddy, how delicious! Hey man, we have a video now, right? I'm going to post this video here for you guys from the CIO, right? Bitwise is saying the following: let me put it on the screen here, wait a minute. With audio, play here with audio, screen sharing. Go ahead, take it. Sharing screen with audio.
What did he say here? Let's go. We're getting a lot of fundamentalist, positive news. We have the Bitcoin strategic reserve , we have the SCC, the SEC, right, backing down in the Ripple cases, right, he didn't say that, but I'm adding here that the SEC is reversing several lawsuits against various altcoins, lawsuits in stablecoin legislation.
Market structure legislation, a new framework for crypto. We had the Crypto Summit that took place at the White House a few weeks ago, and that's a game-changer, a very positive development for the market. And that will take Bitcoin from 150 to 200,000. And he said it's not there yet only because this economic issue, this fear, these tariff issues are weighing on the sentiment of some people in the market, but that we should already be close to 150 and most likely we will hit between 150 and 200.
In other words, the CEO of Habitual, Met Hogan, said that Bitcoin should be worth 200,000 today, right? I think the number of companies buying Bitcoin will triple this year. He ends by saying that, right? I think game theory is on the right track. The game changing is in the right path. Yes, my friends, things are looking amazing.
And then it 's the same old story, right? Ethereum was at 100 four months ago. Many people are saying it's dead, it's the end of the market. The same thing they did to Solana as well. And now here comes the guy with Ethereum breaking through 4300, almost at 4700. The guy shows up with 0.69 ethereums at the Porsche dealership. Look, there he is .
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