Bitcoin to replace US dollar as global reserve currency, warns Coinbase CEO Brian Armstrong
ByFinaGuru
Wednesday, Jun 4, 2025 5:14 pm ET1min read
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As concerns over the U.S. national debt rise, Bitcoin is gaining attention as a potential alternative to the dollar as the global reserve currency. Industry leaders like Brian Armstrong and Elon Musk are warning of the risks associated with unchecked government spending and advocating for prudent economic strategies. Their influence has amplified discussions around Bitcoin's role as a hedge against inflation and currency devaluation, driving increased adoption among investors. Regulatory bodies must balance innovation with financial stability, and policymakers must carefully navigate the challenges posed by decentralized currencies to avoid unintended economic disruptions. The evolving dialogue between industry leaders and regulators will shape the future landscape of global finance, with Bitcoin positioned at the forefront of this transformation.
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