United

Bitcoin

Read

<p class="is-style-lead">Coinbase CEO Brian Armstrong explains the importance of Bitcoin in response to the United States’ $30 trillion surge in national debt over the last 28 years.</p> 
<p>In the context of the United States’ burgeoning national debt, Robert Sterling, CFO of 20 Dollar Consulting, highlights the alarming rate at which the U.S. debt has grown, underscoring a bipartisan trend of fiscal expansion under successive administrations.</p> 
<p>Sterling points out that the acceleration of debt accumulation began with George W. Bush and continued through the previous three presidencies. Significant milestones were crossed in response to military spending, tax cuts, the Great Recession, and, most recently, the COVID-19 pandemic.</p> 
<figure class="wp-block-image is-resized">
 <img decoding="async" width="680" height="382" src="https://crypto.news/app/uploads/2024/03/image.jpeg" alt="Image" class="wp-image-14257710" style="width: 100%;height:auto">
 <figcaption class="wp-element-caption">
  U.S. national debt from varying Presidents from Sterling’s tweet
 </figcaption>
</figure> 
<p> You might also like: <a href="https://crypto.news/bitcoin-new-all-time-high-73000/"> Bitcoin hits new all-time high at $73k </a> </p> 
<p>Armstrong responds to this fiscal trajectory by advocating for Bitcoin as a counterbalance. The Coinbase CEO suggests that Bitcoin (<a href="https://crypto.news/price/bitcoin/" data-type="link" data-id="https://crypto.news/price/bitcoin/">BTC</a>) represents a return to a form of financial discipline reminiscent of the gold standard abandoned in 1971.</p> 
<p>Armstrong argues that <a href="https://crypto.news/market-cap/" data-type="link" data-id="https://crypto.news/market-cap/">cryptocurrency</a> could serve as a crucial check on the continuous growth of deficit spending, which he views as pivotal for maintaining the strength of the U.S. and its currency.</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">This is (in part) why Bitcoin matters. It’s a return to the gold standard that we left fully in 1971. A return to financial discipline.<br><br>Bitcoin will be an important check and balance on excessive deficit spending which is essential to the U.S. and the dollar remaining strong. <a href="https://t.co/u4mN5SgPTX" target="_blank">https://t.co/u4mN5SgPTX</a></p>— Brian Armstrong 🛡️ (@brian_armstrong) <a href="https://twitter.com/brian_armstrong/status/1767570729846161594?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">March 12, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p> Read more: <a href="https://crypto.news/coinbase-stock-price-bitcoin-rally/"> Coinbase stock surpasses initial listing price amid Bitcoin rally </a> </p>

Coinbase CEO discusses Bitcoin’s necessity in light of US debt growth

crypto.news

在 2024年3月12日發表的其他文章

Morgan Stanley and Wells Fargo Could Soon Join the Spot Bitcoin ETF Market!

Toncoin pumps 20% as traders give bullish forecast for new altcoin

Why FLOKI should be on your watchlist this bull season

Avalanche (AVAX) Rockets Early March As DeeStream (DST) Presale Revolutionizes Free Speech – Bitc...

Solana (SOL) Gaming Rival Predicted Tier 1 Listing This Year, Solana Investors Flock Into New Cry...

The Bitgert Frenzy: Unprecedented 200% Surge Sparks Frenetic Speculation – Can It Really Hit 20,0...

訂閱免費電子報，每天收取加密貨幣最新動態！