Billionaire Elon Musk expressed his support for warnings from Coinbase, which indicate that Bitcoin may dethrone the US dollar as the world's reserve currency. These warnings come amid the worsening financial crisis in the United States.
Brian Armstrong, the CEO of Coinbase, expressed concern over the US debt, which recently exceeded $36.9 trillion, up from $23.2 trillion in 2019.
Armstrong warns clearly: "If voters do not hold Congress accountable for reducing the deficit and starting to pay down the debt, Bitcoin will take on the role of the reserve currency."
Elon Musk did not stop at just reposting Armstrong's warning, but responded with a picture of the American flag, affirming his support for his opinion, and he also criticized the government spending bill, describing it as wasteful.
Elon Musk's shares and personal assets show significant involvement in the cryptocurrency market, as Tesla owns 11,509 Bitcoins, and SpaceX holds 8,285 Bitcoins.
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