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

Muita 24. heinäk. 2024 julkaistuja artikkeleja

How to Safely Store Your Cryptocurrency

Top DePIN Projects Driving Web3: Helium, Filecoin, Render Network

Light & Shadow Introduces Crypto Features and Benefits for Real Estate Investors

Solana Whales Withdraw $41.4M $SOL from Binance in Two Days

Will Franklin Templeton Be the Next to Launch a Spot Solana ETF?

Forget $10,000, Crypto Analyst Says Spot Ethereum ETFs Will Drive ETH To $14,000

Join our free newsletter for daily crypto updates!