Coinbase CEO Says US Debt Will Cause Bitcoin to Overtake the Dollar
Throughout the first five months of the year, the digital asset sector has become a clear focus of financial revolution. This has been massively important for the United States as its global reserve currency sits at a crossroads. Now, Coinbase CEO Brian Armstrong has suggested that rising US debt will eventually cause Bitcoin to overtake the US dollar. Bitcoin has become a priority for the US, with the country set to establish its very first federal strategic reserve. Yet, it has also become a clear hedge for a struggling greenback. With increased macroeconomic pressures, there is a belief that the leading cryptocurrency could take global reserve share from the dollar sooner rather than later. Source: Horrizon Currency Also Read: Russia’s Largest Bank Sberbank Unveils Bitcoin-Tied Structured Bonds Coinbase CEO Reiterates Fear That Bitcoin Could Begin Replacing the US Dollar on the Global Stage With the rise of BRICS, the push of the Euro, and Bitcoin, it is clear that the US dollar has...