US Debt Crisis Could Make Bitcoin the World's Reserve Currency: Coinbase CEO

Description

Coinbase CEO Brian Armstrong warns that failure to rein in the $37 trillion US debt could lead Bitcoin to replace the dollar as the global reserve currency. As trust in the dollar fades, states like New Hampshire and Arizona are stockpiling BTC, while critics, including Elon Musk and Nobel economists, slam recent spending proposals.

Authors

Vismaya V

Publish date

June 4, 2025

Publisher

Decrypt

Web URL

https://decrypt.co/323616/us-debt-crisis-bitcoin-reserve-currency-coinbase-ceo

Referenced by

Bitcoin to replace the Dollar? Armstrong, Musk and MrBeast sound alarm on US debt crisis

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News story

Armstrong's concerns over the debt crisis came as House Republicans passed the Trump-backed 'big, beautiful bill' in May that extends tax cuts, boosts military spending, and cuts Medicaid, food aid, and clean energy

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Quote

Coinbase CEO Brian Armstrong warned that if Congress fails to address the $37 trillion U.S. debt, Bitcoin could replace the dollar as the global reserve currency

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