Bitcoin is the new 'refuge' as U.S. debt grows exponentially, Coinbase ...

Bitcoin is the new 'refuge' as U.S. debt grows exponentially, Coinbase ...

Bitcoin is the new 'refuge' as U.S. debt grows exponentially, Coinbase CEO says

Bitcoin As World Reserve? Coinbase CEO Says It’s Inevitable

Coinbase co-founder and chief executive Brian Armstrong used the company’s annual State of Crypto Summit on 12 June to advance his most ambitious thesis yet: that Bitcoin could ultimately displace the US dollar as the planet’s reference asset. “Bitcoin could be the reserve currency of the world,” Armstrong wrote on X as he retweeted a clip of his on-stage remarks, amplifying words he had delivered only minutes earlier to several hundred policyma…

Coinbase CEO Brian Armstrong says bitcoin may become world's reserve currency - CEO North America

During the Coinbase Annual Summit in New York, Coinbase CEO Brian Armstrong warned about the ramifications of rising government debt, which could lead to Bitcoin becoming the world’s reserve currency. Armstrong stated that it’s no coincidence bitcoin prices are reaching record highs as US debt hits all-time levels. The Coinbase CEO said, “One thing that is clear is that democracies around the world are having trouble getting deficit spending und…

Coinbase CEO: Rising US Debt To Make Bitcoin World’s Reserve Currency

The post Coinbase CEO: Rising US Debt To Make Bitcoin World’s Reserve Currency appeared on BitcoinEthereumNews.com. Brian Armstrong, CEO of Coinbase, has warned that unless the U.S. controls its fiscal deficit and mounting debt, bitcoin (BTC) could eventually replace the dollar as the world’s reserve currency. Armstrong emphasized that a strong America remains essential for global stability, but rising fiscal deficits and mounting debt threaten …