šØ Coinbase CEO Brian Armstrong: Could Bitcoin Become the Next Global Reserve Currency? šŗšøš„
šļø Whatās Happening?
Brian Armstrong, CEO of Coinbase, warns that the soaring U.S. national debtānow near $37āÆtrillionācould trigger a shift toward Bitcoin as a reserve currency if fiscal discipline isnāt restored ļæ¼
š¬ Key Quotes:
āIf Congress doesnāt tackle rising national debt ⦠Bitcoin is going to take over as reserve currency.ā
ā Brian Armstrong ļæ¼
š Whatās Driving the Shift?
⢠Ballooning Debt & Deficits
With a growing budget gap and rising interest obligations, traditional Treasury bonds may lose appealāraising interest rates and inflation fears ļæ¼
⢠Global De-dollarization
Countries and states are exploring alternatives to the dollar, and Bitcoinās fixed supply and transparency make it an attractive safe-haven ļæ¼
⢠Institutional Momentum
U.S. states, including New Hampshire and Arizona, have begun stockpiling BTC, viewing it as a hedge against uncontrolled monetary policy ļæ¼
š Why It Matters
⢠Bitcoin vs. Dollar: With mounting debt, BTC could grow from niche to global reserve.
⢠Strategic Reserve Discussions: Armstrong supports policies for a Bitcoin reserve, aligning with ideas from political leaders like former President Trump  .
⢠Bigger Trend: Armstrong isnāt aloneāleaders like Larry Fink echo concerns about fiat instability and the rise of decentralized options ļæ¼
š± The Bottom Line
Bitcoinās path from ādigital goldā to a borderline reserve asset may accelerate as global debt and inflation challenges mount. With credible voices warning of fiscal instability, the question isnāt if, but when BTC gains institutional reserve status.
Are we staring down the barrel of hyperbitcoinization? The clock is ticking.
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