$BTC Could Replace Dollar as Reserve Currency, Warns #Coinbase CEO


Coinbase CEO Brian Armstrong has cautioned that $BTC could replace the U.S. dollar as the global reserve currency if Congress fails to address America's $37 trillion debt crisis.


The warning comes as House Republicans passed #Trump-backed legislation extending tax cuts while boosting military spending and cutting social programs.


Six Nobel Prize-winning economists warned the bill could drive public debt higher by over $3 trillion and increase inequality.


U.S. states like New Hampshire and Arizona are already stockpiling $BTC to protect against potential dollar devaluation.


#Tesla CEO #ElonMusk criticized the spending bill as a "disgusting abomination" filled with excessive pork barrel spending.


The mounting debt crisis is fueling institutional interest in $BTC due to its fixed supply and inflation-resistant design.


Critics argue the legislation may accelerate growing global efforts to de-dollarize the international economy and financial systems.

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June 04, 2025 at 6:19 PM
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