Coinbase CEO Brian Armstrong has predicted that Bitcoin may become the world’s next reserve currency if Congress fails to address the growing national debt crisis. With America’s debt exceeding $37 trillion, Armstrong warns this could lead to a shift away from the dollar as the global reserve currency. He emphasizes the need for US financial stability and calls for action to tackle soaring national debt. Armstrong’s concerns stem from House Republicans passing a bill extending tax cuts, increasing military spending, and cutting social programs like Medicaid and food aid. Six Nobel Prize-winning economists, including Paul Krugman and Joseph Stiglitz, also argue that this bill will exacerbate inequality and contribute significantly to the US debt burden. 📈 This has fueled interest in Bitcoin, as investors seek a safer haven against inflation amidst fears of government mismanagement. Elon Musk, Tesla CEO, shares Armstrong’s concerns, criticizing the bill as an “outrageous pork-filled” document. His focus is now on Tesla and SpaceX, leaving his past involvement with Trump’s Department of Government Efficiency (D.O.G.E.) in the rearview mirror. Other prominent figures share Armstrong’s anxieties regarding US fiscal stability. BlackRock CEO Larry Fink has expressed that America’s rising national debt threatens the dollar’s position as the global reserve currency, potentially paving the way for decentralized assets like Bitcoin to take its place. Bitcoin historically serves as a safe haven asset during economic uncertainty, and could benefit from eroding public trust in fiat currencies, especially given the current US fiscal outlook.