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$BTC Extends U.S. Dollar Dominance, Coinbase CEO Says

$BTC provides healthy competition for the U.S. dollar that pressures policymakers toward fiscal discipline, according to Coinbase CEO Brian Armstrong. The dynamic indirectly helps preserve the greenback's reserve currency dominance.

Armstrong explained that #Bitcoin creates a check and balance mechanism against excessive deficit spending or inflation. People flee to $BTC during economic uncertainty, particularly when inflation outpaces economic growth rates.

The Coinbase CEO argued that moderate 2-3% inflation aligns with similar economic growth without threatening reserve currency status. However, inflation exceeding growth eventually undermines confidence and would deliver a massive blow to the United States.

#Bitcoin indirectly maintains dollar stability by ensuring the Federal Reserve and financial regulators avoid actions that undermine economic confidence. Armstrong concluded that Bitcoin extends the American experiment through this competitive pressure in a counterintuitive way.