Coinbase CEO Warns Bitcoin Could Supplant US Dollar Amid Mounting National Debt
Brian Armstrong cautions that unchecked US debt may pave the way for Bitcoin to become the global reserve currency
Coinbase CEO Brian Armstrong has issued a warning that Bitcoin could supplant the US dollar as the world's reserve currency if the United States fails to address its escalating national debt, which has reached $37 trillion as of June 2025.
Armstrong's remarks were made during the State of Crypto Summit in New York City and echoed in a post on the social media platform X, where he stated, "If the electorate doesn’t hold Congress accountable to reducing the deficit, and start paying down the debt, Bitcoin is going to take over as reserve currency."
Armstrong emphasized the importance of maintaining US economic strength, noting, "I love Bitcoin, but a strong America is also super important for the world.
We need to get our finances under control."
In response to the growing debt, some US states, including New Hampshire and Arizona, have begun incorporating Bitcoin into their financial strategies as a hedge against inflation.
At the federal level, President Donald Trump signed an executive order in March 2025 to establish a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile.
The reserve is to be funded by bitcoin assets seized through criminal or civil proceedings, with no current plans to purchase additional assets.
The United States is currently the largest known state holder of bitcoin, with an estimated 207,189 BTC as of March 2025.
Armstrong's comments reflect a broader trend of increasing institutional interest in Bitcoin as a potential alternative to traditional reserve assets amid concerns over fiscal stability.
Armstrong's remarks were made during the State of Crypto Summit in New York City and echoed in a post on the social media platform X, where he stated, "If the electorate doesn’t hold Congress accountable to reducing the deficit, and start paying down the debt, Bitcoin is going to take over as reserve currency."
Armstrong emphasized the importance of maintaining US economic strength, noting, "I love Bitcoin, but a strong America is also super important for the world.
We need to get our finances under control."
In response to the growing debt, some US states, including New Hampshire and Arizona, have begun incorporating Bitcoin into their financial strategies as a hedge against inflation.
At the federal level, President Donald Trump signed an executive order in March 2025 to establish a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile.
The reserve is to be funded by bitcoin assets seized through criminal or civil proceedings, with no current plans to purchase additional assets.
The United States is currently the largest known state holder of bitcoin, with an estimated 207,189 BTC as of March 2025.
Armstrong's comments reflect a broader trend of increasing institutional interest in Bitcoin as a potential alternative to traditional reserve assets amid concerns over fiscal stability.
AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.