Bitcoin is surging into the spotlight as Coinbase’s CEO and Elon Musk sound alarms on U.S. debt, signaling the crypto’s rise as a serious reserve currency contender.
Coinbase CEO Brian Armstrong voiced concern on June 3 on social media platform X over the ballooning U.S. national debt, which recently surpassed $36.9 trillion. His remarks came in response to a widely circulated post by World of Statistics, which outlined the dramatic year-over-year increase in federal debt levels stretching back to 1966. The chart highlighted the relentless pace of government borrowing over several decades and revealed a steep climb from $23.2 trillion in 2019 to $36.9 trillion projected for 2025. This data has ignited renewed public debate over Washington’s fiscal strategy and its potential consequences for the global financial system.
