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<ul class="wp-block-list news-points"> 
 <li>Coinbase CEO Brian Armstrong and Elon Musk blame excessive government spending for the current inflation in the US.</li> 
 <li>Armstrong suggests that Bitcoin is a check and balance on excessive inflation.</li> 
 <li>He asserts that buying Bitcoin is a strategic move against inflation.</li> 
</ul> 
Coinbase CEO Brian Armstrong joins the debate on U.S. inflation, echoing Elon Musk’s viewpoint. 
In a recent tweet, Armstrong argued that the primary driver of inflation is excessive government spending, which forces governments to print more money. He stressed that this leads to inflationary pressures that erode the value of traditional currencies. 
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 This is true. People tie themselves in knots trying to explain causes of inflation, but the primary cause is the government spending more money than it has, and needing to print more. Neutralize that, and most inflation problems go away. Bitcoin is the check and balance on… <a href="https://t.co/XaeKzNQ4ZA" target="_blank" rel="nofollow">https://t.co/XaeKzNQ4ZA</a>— Brian Armstrong (@brian_armstrong) <a href="https://twitter.com/brian_armstrong/status/1824460881603989608?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 16, 2024</a>
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Armstrong’s comments came in response to a <a href="https://x.com/elonmusk/status/1824410315422871867" target="_blank" rel="nofollow">tweet</a> from Elon Musk, who also blamed government spending for inflation. Musk stressed the importance of reducing wasteful government expenditures to curb inf…
The post <a href="https://coinedition.com/bitcoin-as-inflation-hedge-coinbase-ceo-backs-musks-view/">Bitcoin as Inflation Hedge: Coinbase CEO Backs Musk’s View</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Bitcoin as Inflation Hedge: Coinbase CEO Backs Musk’s View

Coin Edition

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