Bitcoin Reserve Currency? Coinbase CEO Sounds Alarm
Coinbase CEO warns Bitcoin could replace the dollar if U.S. fails to cut its deficit and manage national debt.
- Coinbase CEO sees Bitcoin as a future reserve currency
- U.S. debt crisis could trigger a shift away from the dollar
- Armstrong urges Congress to reduce deficit
In a striking statement, Coinbase CEO Brian Armstrong has suggested that Bitcoin could become the world’s reserve currency—if the United States government doesn’t get its fiscal house in order. According to Armstrong, rising national debt and an ever-growing deficit are weakening the U.S. dollar’s global dominance. If Congress fails to act soon, he believes the world may turn to Bitcoin as a more stable alternative.
Armstrong’s comments add fuel to an ongoing debate: can decentralized digital assets like Bitcoin replace traditional fiat currencies in global finance? With inflationary pressures and fiscal uncertainty clouding the future of the dollar, crypto advocates see an opportunity for Bitcoin to step into a bigger role.
The Growing Debt Threat
The U.S. national debt recently surpassed $34 trillion, raising red flags across economic sectors. Armstrong’s warning comes as lawmakers continue to clash over budget policies, with little progress on long-term solutions. “If the government keeps printing money, people will lose faith in fiat,” Armstrong said. He argues that without fiscal responsibility, investors and nations may begin favoring Bitcoin—a currency with a capped supply and decentralized structure.
Such a shift could dramatically reshape the global financial system, challenging the dollar’s status as the reserve currency. Armstrong emphasized that this isn’t just about Bitcoin enthusiasts dreaming big—it’s about the consequences of inaction by U.S. policymakers.
A Call for Action
Armstrong didn’t just highlight the problem; he urged Congress to take immediate steps to reduce the deficit and begin paying down the debt. According to him, regaining trust in the dollar is still possible—but time is running out. If confidence continues to erode, global markets may start looking to Bitcoin as a more reliable store of value.
This isn’t the first time a crypto leader has questioned the long-term viability of the dollar, but coming from the CEO of a publicly listed exchange like Coinbase, the warning carries extra weight.
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