Coinbase CEO Warns of Dollar Decline, Sees Bitcoin as Potential Reserve Currency

Brian Armstrong, CEO of Coinbase, has warned that the U.S. dollar’s dominance could be threatened if national debt and fiscal deficits continue to increase. He believes this shift away from traditional fiat currencies towards decentralized digital assets like Bitcoin might occur if Congress fails to take action regarding its budget policies. This warning comes amid a growing debate about Bitcoin’s potential to replace fiat currencies in global finance, as concerns over inflation and fiscal uncertainty cast doubt on the future of the dollar.