2024

Bitcoin

Coin

<ul class="news-points">
 <li><strong>Bitcoin is the check and balance on deficit spending that can prolong Western civilization.</strong></li>
 <li><strong>America’s debt situation is critical at $175 trillion.</strong></li>
 <li><strong>The Western world is headed for a sovereign debt crisis far worse than 2008.</strong></li>
</ul>
<p>Coinbase CEO Brian Armstrong believes Bitcoin can serve as a critical counterbalance to excessive government spending, potentially safeguarding Western economies from a looming debt crisis.</p>
<p>His remarks were made in response to a dire economic forecast by analyst Balaji Srinivasan, who warned of a potential sovereign debt crisis worse than 2008. In the post, Balaji highlighted the critical nature of the U.S. debt situation, stating that no election can pay off its $175 trillion debt.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> is the check and balance on deficit spending that can prolong western civilization <br><br>It is an investment, but it’s also a vote for sanity <a href="https://t.co/8nvf77brrY" target="_blank" rel="noopener noreferrer nofollow">https://t.co/8nvf77brrY</a></p>— Brian Armstrong (@brian_armstrong) <a href="https://twitter.com/brian_armstrong/status/1815816621212287467?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 23, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>According to Balaji, he believes the U.S. government has been lying about the economy and would resort to printing a lot of currency to seek a temporary solution. Meanwhile, Balaji shared data to prove his point, beginning with the Fe…</p>
<p>The post <a href="https://coinedition.com/coinbase-ceo-bitcoin-a-check-and-balance-against-us-debt-crisis/" rel="noopener noreferrer nofollow">Coinbase CEO: Bitcoin a ‘Check and Balance’ Against US Debt Crisis</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Coinbase CEO: Bitcoin a ‘Check and Balance’ Against US Debt Crisis

Coin Edition

Otros artículos publicados el 24 jul 2024

Bitstamp to distribute Mt. Gox Bitcoin by July 25

List of Strong Altcoins To Make Heavy Profits Ahead of Elections

Ripple News : Top Reasons XRP Price Could Experience a Major Upswing

Tron Network Surpasses 8.1 Billion Transactions

Shiba Inu Lead Reacts to Bitcoin's Iconic Appearance in Las Vegas

New Cryptocurrency Releases, Listings, & Presales Today – Music Protocol, Qoda Finance, Q Protocol

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!