CryptoMediaClub
Wednesday, October 29, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Could Bitcoin Replace USD? Coinbase CEO Flags Risk as US Debt Hits $37 Trillion

04.06.2025
A A
0
119
VIEWS
ShareShare

Key Takeaways:

  • Coinbase CEO warns Bitcoin could replace USD as reserve currency if US debt remains unchecked.
  • A Trump-backed spending bill faces criticism for potentially worsening the $37 trillion national debt.
  • Bitcoin’s fixed supply and rising institutional demand are fueling its appeal as a hedge against fiscal instability.

Coinbase CEO Brian Armstrong has warned that Bitcoin could eventually replace the USD as the world’s reserve currency if lawmakers fail to address America’s spiraling debt.

“I love Bitcoin, but a strong America is also super important for the world,” Armstrong posted on X Tuesday. “We need to get our finances under control.”

The U.S. national debt recently crossed $37 trillion, adding fresh urgency to concerns about long-term fiscal stability.

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.
I love Bitcoin, but a strong America is also super important for the world. We need to get our finances under control. https://t.co/aeBE7pUuHo

— Brian Armstrong (@brian_armstrong) June 4, 2025

Trump-Backed Spending Bill Advances as US Debt Worries Mount

Armstrong’s comments come as House Republicans advance a Trump-backed spending bill that extends tax cuts, boosts military funding, and slashes programs like Medicaid, food aid, and clean energy.

Critics argue the legislation would worsen the debt outlook.

A group of six Nobel Prize-winning economists, including Paul Krugman and Joseph Stiglitz, warned in a June letter that the bill could push public debt even higher, by at least $3 trillion, if its provisions are made permanent.

The growing debt burden is drawing new attention to Bitcoin, which was designed after the 2008 financial crisis as a fixed-supply, inflation-resistant asset.

With institutional demand rising, some analysts say BTC is becoming an increasingly credible hedge.

Tesla CEO Elon Musk also weighed in, blasting the spending bill as a “massive, outrageous, pork-filled Congressional spending bill” and a “disgusting abomination.”

It will massively increase the already gigantic budget deficit to $2.5 trillion (!!!) and burden America citizens with crushingly unsustainable debt https://t.co/dHCj3pprJO

— Elon Musk (@elonmusk) June 3, 2025

US Eyes Bitcoin Reserve to Tackle Soaring Debt

With the U.S. national debt now exceeding $37 trillion, lawmakers are floating bold new ideas to stabilize the country’s finances — and Bitcoin may soon play a central role.

Last year, Senator Cynthia Lummis introduced a proposal to establish a Bitcoin Strategic Reserve, positioning the cryptocurrency as a hedge against inflation and fiscal instability.

The bill, which gained fresh momentum after Donald Trump’s 2024 election victory, would direct the U.S. Treasury to gradually accumulate 1 million BTC — approximately 5% of Bitcoin’s total supply.

Modeled after the government’s gold reserves, the Bitcoin would be stored across a decentralized network of secure vaults, with purchases funded by existing Treasury assets.

Lummis argued that the Bitcoin reserve could help offset the declining value of the dollar and protect American families from the long-term effects of inflation.

“We must take bold steps to secure our economic future,” she said, calling Bitcoin a modern store of value.

Trump has previously pledged to make the U.S. the “crypto capital of the planet,” with Bitcoin now emerging as a potential pillar of national economic strategy.

The post Could Bitcoin Replace USD? Coinbase CEO Flags Risk as US Debt Hits $37 Trillion appeared first on Cryptonews.

Share9Tweet6ShareSharePin2

Related Posts

France Stuns Europe: Lawmakers Adopt Bitcoin and Ban Digital Euro
All news

France Stuns Europe: Lawmakers Adopt Bitcoin and Ban Digital Euro

29.10.2025
0

France has taken a bold step that could reshape Europe’s monetary direction. Lawmakers in the National Assembly have adopted a...

Read moreDetails
Alibaba’s Qwen AI With Explosive 3-Month XRP Price Prediction – Could XRP Hit $4.20 By January 2026?

Alibaba’s Qwen AI With Explosive 3-Month XRP Price Prediction – Could XRP Hit $4.20 By January 2026?

28.10.2025
UK Opens Arms to Crypto as KR1 Targets London Stock Exchange Listing

UK Opens Arms to Crypto as KR1 Targets London Stock Exchange Listing

28.10.2025
SharpLink to Deploy $200M in ETH on Consensys’ Linea — Is This the Future of Institutional DeFi and AI-Powered Yields?

SharpLink to Deploy $200M in ETH on Consensys’ Linea — Is This the Future of Institutional DeFi and AI-Powered Yields?

28.10.2025
Crypto PACs Build $263M War Chest Ahead of 2026 US Midterm Elections

Crypto PACs Build $263M War Chest Ahead of 2026 US Midterm Elections

28.10.2025
Load More
Next Post
Shocking Trump Crypto Confusion: Team Denies TRUMP Wallet, Hints at Real Project

Shocking Trump Crypto Confusion: Team Denies TRUMP Wallet, Hints at Real Project

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Crypto Price Prediction Today October 2 – XRP, Pepe, Dogecoin

Crypto Price Prediction Today October 2 – XRP, Pepe, Dogecoin

4 weeks ago

US CPI Announcement Today, Bitcoin Flat in Anticipation (Market Watch)

2 years ago
Injective Protocol’s inEVM Nears Completion, Bridging Ethereum and Low-Fee Derivatives Trading

Injective Protocol’s inEVM Nears Completion, Bridging Ethereum and Low-Fee Derivatives Trading

2 years ago
Breaking: MicroStrategy Acquires 21,550 Bitcoin in Latest Purchase

Breaking: MicroStrategy Acquires 21,550 Bitcoin in Latest Purchase

11 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

UK Opens Arms to Crypto as KR1 Targets London Stock Exchange Listing

Strategy’s new credit rating will open Bitcoin to $130 trillion institutional capital

SharpLink to Deploy $200M in ETH on Consensys’ Linea — Is This the Future of Institutional DeFi and AI-Powered Yields?

Does a weaker dollar drive Bitcoin price now?

Crypto PACs Build $263M War Chest Ahead of 2026 US Midterm Elections

Why is Bitcoin price pumping? Catch up on what’s moving crypto

Trending

France Stuns Europe: Lawmakers Adopt Bitcoin and Ban Digital Euro
All news

France Stuns Europe: Lawmakers Adopt Bitcoin and Ban Digital Euro

29.10.2025
0

France has taken a bold step that could reshape Europe’s monetary direction. Lawmakers in the National Assembly...

Alibaba’s Qwen AI With Explosive 3-Month XRP Price Prediction – Could XRP Hit $4.20 By January 2026?

Alibaba’s Qwen AI With Explosive 3-Month XRP Price Prediction – Could XRP Hit $4.20 By January 2026?

28.10.2025
Watch these 4 tripwires to signal XRP price direction this week

Watch these 4 tripwires to signal XRP price direction this week

28.10.2025
UK Opens Arms to Crypto as KR1 Targets London Stock Exchange Listing

UK Opens Arms to Crypto as KR1 Targets London Stock Exchange Listing

28.10.2025
Strategy’s new credit rating will open Bitcoin to $130 trillion institutional capital

Strategy’s new credit rating will open Bitcoin to $130 trillion institutional capital

28.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz