Coinbase CEO fears Bitcoin replaces dollar if US debt grows as Elon Musk calls for firing of 215 Republicans
The post Coinbase CEO fears Bitcoin replaces dollar if US debt grows as Elon Musk calls for firing of 215 Republicans appeared on BitcoinEthereumNews.com. Brian Armstrong, the CEO of Coinbase, issued a stark warning this week: if U.S. lawmakers don’t get the national debt under control, Bitcoin could supplant the dollar as the world’s reserve currency. “If the electorate doesn’t hold Congress accountable to reducing the deficit, and start paying down the debt, Bitcoin is going to take over as reserve currency,” Armstrong posted on X. “I love Bitcoin, but a strong America is also super important for the world. We need to get our finances under control.” His comment was a direct response to a post from World of Statistics showing U.S. national debt figures over time. The numbers paint a dramatic picture: debt has soared from $5.7 trillion in 2000 to $36.9 trillion in 2025, a more than sixfold increase in just 25 years. The tweet sparked widespread debate, drawing reactions from prominent figures across crypto and mainstream culture. YouTube creator MrBeast asked bluntly, “We’re just going to casually build up over $100 trillion in debt in our lifetimes, and people will just continue to be chill with it and loan us money?” Crypto influencer Wendy O weighed in with skepticism: “Bitcoin will never be a reserve currency because of its volatility. But it will be desired. A stablecoin… yes.” Meanwhile, HODL15Capital echoed Armstrong’s concern from a different angle: “Bitcoin has no top because fiat printing will never end.” Elon Musk retweeted the post and replied with an American flag emoji. Elon Musk splits from Republican spending agenda Musk appears genuinely frustrated with the current administration after leaving his White House position. He attacked Republican Congressmen who voted in favor of the ‘One Big Beautiful Bill,’ calling it “a disgusting abomination” in government spending. Musk also echoed Armstrong’s sentiment in another post: “Interest payments already consume 25% of all government revenue. If the massive…
The post Coinbase CEO fears Bitcoin replaces dollar if US debt grows as Elon Musk calls for firing of 215 Republicans appeared on BitcoinEthereumNews.com.
Brian Armstrong, the CEO of Coinbase, issued a stark warning this week: if U.S. lawmakers don’t get the national debt under control, Bitcoin could supplant the dollar as the world’s reserve currency. “If the electorate doesn’t hold Congress accountable to reducing the deficit, and start paying down the debt, Bitcoin is going to take over as reserve currency,” Armstrong posted on X. “I love Bitcoin, but a strong America is also super important for the world. We need to get our finances under control.” His comment was a direct response to a post from World of Statistics showing U.S. national debt figures over time. The numbers paint a dramatic picture: debt has soared from $5.7 trillion in 2000 to $36.9 trillion in 2025, a more than sixfold increase in just 25 years. The tweet sparked widespread debate, drawing reactions from prominent figures across crypto and mainstream culture. YouTube creator MrBeast asked bluntly, “We’re just going to casually build up over $100 trillion in debt in our lifetimes, and people will just continue to be chill with it and loan us money?” Crypto influencer Wendy O weighed in with skepticism: “Bitcoin will never be a reserve currency because of its volatility. But it will be desired. A stablecoin… yes.” Meanwhile, HODL15Capital echoed Armstrong’s concern from a different angle: “Bitcoin has no top because fiat printing will never end.” Elon Musk retweeted the post and replied with an American flag emoji. Elon Musk splits from Republican spending agenda Musk appears genuinely frustrated with the current administration after leaving his White House position. He attacked Republican Congressmen who voted in favor of the ‘One Big Beautiful Bill,’ calling it “a disgusting abomination” in government spending. Musk also echoed Armstrong’s sentiment in another post: “Interest payments already consume 25% of all government revenue. If the massive…
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