ZyCrypto 2025-06-08 16:50:26

Coinbase CEO’s Bold Prediction: Bitcoin Set to Replace Dollar as Reserve Currency Amid $36.2T Debt Crisis

As the U.S. national debt continues to soar, traditional finance players are increasingly voicing their concerns about the possibility of a future market crash. Notably, prominent cryptocurrency personalities are highlighting the many ways in which the leading cryptocurrency Bitcoin could benefit from any future meltdown recorded in the global finance market as a result of the increasing national debt in the United States. According to data from USAfacts , the federal debt as of April 2025 is $36.2 trillion, marking a 2% increase from April 2024 and a 31% increase from 2019. In response to the newly released data, Brian Armstrong, the CEO of Coinbase, took to X to share his prediction for the near future. The crypto founder explained the need for the U.S. electorate to persuade the U.S. Congress to decrease the federal government’s spending. Convinced that Bitcoin could go on to replace the U.S. dollar as a national reserve currency if the national deficit continues to skyrocket, Brian Armstrong wrote; “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 a reserve currency.” Armstrong, whose cryptocurrency exchange—the largest in the country—is bound to benefit from the U.S. government’s adoption of Bitcoin, emphasized the need for stability, suggesting that Bitcoin might not yet be fit to replace the U.S. dollar as national reserve currency. “I love Bitcoin, but a strong America is also super important for the world. We need to get our finances under control.” He added . While Bitcoin might not be replacing the U.S. dollar in the U.S. central bank as a currency held in the largest quantity, President Trump’s executive order for the “Establishment of the Strategic Bitcoin Reserve and United States Digital Asset Stockpile,” will allow the Federal government to manage the cryptocurrency as a U.S. reserve asset.