CEX CEO: The US debt crisis may drive Bitcoin to become the world's reserve currency

robot
Abstract generation in progress

On June 4, CEX CEO Brian Armstrong said that if the U.S. Congress doesn't respond to the $37 trillion debt problem soon, Bitcoin could "take over" and become the next global reserve currency. Armstrong posted on social media on Tuesday, "I love Bitcoin, but a strong America is just as vital to the world. We have to keep our finances under control." Armstrong's concerns about the debt crisis come as House Republicans passed the Trump-backed Big Beautiful Bill in May. The bill extends tax cuts, increases military spending, and cuts Medicaid, food aid, and clean energy budgets. Growing financial pressures are driving interest in Bitcoin.

View Original
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)