Elon Musk Supports Coinbase Outlook: Bitcoin May Topple US Dollar as Reserve Currency
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.
Armstrong specifically addressed the lack of congressional accountability in tackling deficits and cautioned that failure to correct course could upend the U.S. dollar’s role in the global economy. He stated $SOL $ETH $BTC
