According to Decrypt, Coinbase CEO Brian Armstrong has again warned about the rising U.S. debt by saying that Bitcoin might soon replace the dollar as the world’s reserve currency if Congress does not fix its spending problems.
As the U.S. debt is heading towards an unmanageable $37 trillion, more financial experts and state leaders are starting to see Bitcoin as more than just a protection, it might become a backup plan.
Mounting U.S. Debt Sparks Warnings from Brian Armstrong
Brian Armstrong said on X that Bitcoin matters to me. But keeping America strong is just as important for the world. We need to fix our financial problems. He is not just promoting Bitcoin, but he is warning that America’s money problems are serious.
As the U.S. debt is getting close to $37 trillion, Armstrong’s concern matches with many experts, who say that the dollar’s global dominance might be in danger.
According to Armstrong, if voters don’t pressure Congress to act and the deficit keeps growing, then Bitcoin might become the world’s reserve currency; though it is controversial, this idea is starting to gain support from the crypto community and fiscal conservatives.
Trump-Backed Spending Bill Fuels Fiscal Concerns
Brian Armstrong’s comments just came out around the same time as the Big Beautiful Bill. This Republican-supported spending plan gives more money to defence funding and keeps tax cuts.
However, it also reduces funding for important key public programs like Medicaid, food aid, and clean energy. People from both political sides are upset about it.
Tesla CEO Elon Musk has also criticized the bill and called it a disgusting abomination. He said that it would add $2.5 trillion to the budget deficit, which is already huge. His post went viral and stressed that U.S. debt at this level is crashing and unsustainable.
States Begin Stockpiling Bitcoin
The federal government is not the only one that is worried about the U.S. debt. States like New Hampshire and Arizona are preparing by buying and saving Bitcoin.
As New Hampshire’s Rep. Keith Ammon said, when states stockpile Bitcoin, they are not just competing with each other, but they are also competing with a federal government that will have to print money to handle its debt.
Ammon said that the dollar’s value is at risk because of careless government actions. He believes that Bitcoin offers protection against this decline. According to him, Bitcoin can help to protect state-level finances when the federal government is not managing the money well.
Bitcoin as the Next Reserve Currency?
The idea that Bitcoin might replace the dollar as the world’s main currency is still a guess, but it doesn’t look impossible anymore. With the U.S. debt rising fast and trust in the government’s money management very low, Bitcoin’s limited supply and Decentralized system stand out in comparison to usual money methods
Brian Armstrong statement shows this shift in thinking. He is not supporting Bitcoin just because he loves crypto, but he is also frustrated that Congress won’t deal with money problems.
More and more, not only libertarians but also Wall Street experts, scholars, and state governments are seriously starting to consider that Bitcoin could become the world’s main financial system.
Conclusion
Brian Armstrong’s warnings show that many people are worried about the rising U.S. debt and how it might hurt the dollar’s position in the world.
As the debt is getting close to $37 trillion and the trust in the government’s money management is dropping, more people are starting to see Bitcoin as more than just digital money; they have now started to see it as a possible new main currency.
FAQs
1. What is Brian Armstrong warning about?
He warns that the growing U.S. debt risks the dollar’s global dominance.
2. When did Brian Armstrong warn
on June 4, 2025.
3. How high is the U.S. debt now?
It is nearing $37 trillion.
4. What does the Trump-backed spending bill do?
It increases defence spending and cuts funding for public programs.
5. What did Elon Musk say about the debt and spending bill?
He called it a “disgusting abomination,” adding to unsustainable debt.
Glossary
U.S. Debt — The big pile of money the government has borrowed and owes back.
Dollar Dominance — The dollar is the world’s favorite money for buying and saving.
Reserve Currency — The trusted money that countries keep to trade safely.
Inflation Hedge — Something that keeps your money’s power when prices go up.
Fiscal Conservatives — People who want the government to be careful with its money.
Sources
Decryptco
Bloomingbit
Aicoin
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