Coinbase CEO: US debt crisis may make Bitcoin a global reserve currency

Odaily News Coinbase CEO Brian Armstrong warned that Bitcoin could replace the dollar as the world's reserve currency if the U.S. Congress fails to resolve the $3.7 trillion debt problem. With the Trump-backed "Beautiful Act" passed by House Republicans in May, fiscal pressure has intensified interest in Bitcoin. States such as New Hampshire and Arizona have begun to reserve Bitcoin to cope with the risk of a depreciation of the dollar. Six Nobel economists warned that the bill could further exacerbate debt and inequality. "I love Bitcoin, but a strong America is also very important to the world. We need to get our finances under control," said Armstrong. (Decrypt)