Bitcoin as a Reserve Currency: Coinbase CEO’s Proposal to Combat U.S. Debt Crisis

Brian Armstrong, CEO of Coinbase, proposes a radical solution to America’s growing national debt: using Bitcoin as a digital gold standard reserve asset. He suggests that if the US embraced Bitcoin like digital gold, it could help control reckless spending and stabilize the financial system. This idea stems from Bitcoin’s fixed supply and independence from any single entity, potentially acting as a counterbalance against uncontrolled government spending. Armstrong believes this move could bring stability to a dollar increasingly seen as unstable, especially with the rising US national debt.