Coinbase CEO: If the United States fails to resolve its massive debt problem, Bitcoin could replace the dollar as the new reserve currency.
The size of the US national debt has surpassed the 37 trillion dollar mark, sparking concerns from various sectors about the US dollar's status as the global reserve currency. Coinbase CEO Brian Armstrong recently warned that if the US cannot effectively control its debt growth, Bitcoin may replace the dollar as the new reserve currency. This view has been supported by the Winklevoss brothers, co-founders of the Gemini exchange, who have cited charts showing the soaring US debt and are urging people to "buy Bitcoin." Armstrong stressed, "I love Bitcoin, but a strong America is equally important to the world," and called for fiscal reform. The debt ceiling "X Date" is expected to arrive between late August and mid-October, and if it is not raised in time, the federal government may face spending cuts and payment delays.
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