Brian Armstrong, CEO of Coinbase, the largest cryptocurrency exchange in the United States, made a new statement about the Bitcoin and dollar conflict.
Sharing from his X account, Coinbase CEO touched on the increasing national debt of the United States and argued that if this problem is not resolved, Bitcoin will become the global reserve currency.
Armstrong warned that Bitcoin could replace the dollar as the global reserve currency if Congress does not swiftly address the $37 trillion U.S. debt.
Stating that his post does not mean that he is against Bitcoin, the Coinbase CEO said that he likes BTC, but the financial future of his country is also important.
“If voters fail to hold Congress accountable to reduce the US debt and begin paying it down, Bitcoin will emerge as the global reserve currency.
“I love Bitcoin, but a strong America is also very important for the world. We need to get our finances under control.”
Armstrong’s comments come after the US House of Representatives advanced a spending bill backed by Trump that would extend tax cuts, increase military funding, and cut programs like health care and food aid and clean energy. The spending bill has been criticized for making debt burdens worse. At this point, experts believe that interest in Bitcoin will increase due to financial distress.
*This is not investment advice.