According to Coinbase CEO Brian Armstrong, the ongoing U.S. Debt crisis may lead Bitcoin to replace the dollar as the world’s reserve currency. He highlights that if Congress does not address the staggering $37 trillion debt, confidence in the dollar will continue to wane, resulting in increased Bitcoin adoption.
Armstrong critiques U.S. Fiscal policies linked to rising inequality and debt, suggesting that the call for global ‘de-dollarization’ could pave the way for cryptocurrencies. He insists maintaining financial stability in America is crucial for reinforcing its economic influence, emphasizing Bitcoin’s role in this context.
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