The American debt crisis could make Bitcoin the global reserve currency, says Coinbase CEO (NASDAQ:COIN)
Coinbase CEO Brian Armstrong warned that Bitcoin could emerge as a coming global reserve currency if the U.S. government fails to address its mounting debt burden of $37 trillion.
Armstrong said in a post on X.com on Tuesday: "I love Bitcoin, but a strong America is also extremely important to the world. We need to get our financial affairs in order."
His warning comes amid renewed debate over U.S. fiscal policy, following the passage of the "big and beautiful" bill backed by Trump in May. The legislation, which is supported by House Republicans, includes tax cut extensions, increased military spending, and cuts to Medicaid programs and food and clean energy assistance.
