Coinbase CEO Warns of Bitcoin Replacing US Dollar if Debt Remains Uncontrolled

Coinbase CEO Brian Armstrong has warned that Bitcoin could become the global reserve currency if the U.S. fails to manage its growing national debt, echoing similar concerns voiced by Elon Musk. Armstrong’s statement highlights the increasing concern about US economic stability and Bitcoin’s potential appeal as a hedge against fiscal mismanagement. He emphasizes the need for action from voters and Congress to address the debt issue before Bitcoin emerges as the global reserve currency. 2023 has seen growing calls for financial transparency and accountability, and this sentiment aligns with Musk’s views on current US fiscal policies.