Bitcoin Could Replace Dollar Amid U.S. Debt Crisis
- Coinbase CEO Brian Armstrong warns of Bitcoin replacing the dollar if U.S. debt reaches $37 trillion.
- The “big, beautiful bill” backed by Trump may increase public debt by over $3 trillion.
- Elon Musk criticizes the bill as a “disgusting abomination” that could raise the deficit to $2.5 trillion.
- Nobel economists, including Paul Krugman, caution that the bill could worsen inequality and debt.
- States like New Hampshire and Arizona are stockpiling Bitcoin due to eroding trust in the dollar.
The mounting U.S. debt crisis, highlighted by Coinbase’s CEO and criticized by Elon Musk and Nobel economists, is driving states to consider Bitcoin as an alternative reserve currency amid concerns over the dollar’s stability.
Source (2.6)https://decrypt.co/323616/us-debt-crisis-bitcoin-reserve-currency-coinbase-ceo?rand=52368
