Coinbase CEO: If the U.S. cannot effectively control debt growth, Bitcoin may replace the dollar as the new reserve currency

ChainCatcher news, according to CCN, the scale of U.S. national debt has surpassed $37 trillion, raising concerns about the dollar's status as the global reserve currency.

Coinbase CEO Brian Armstrong recently warned that if the U.S. cannot effectively control debt growth, Bitcoin may replace the dollar as the new reserve currency. This view is supported by Gemini exchange co-founders the Winklevoss brothers, who called for "buying Bitcoin" by citing charts of skyrocketing U.S. debt.

Armstrong emphasized, "I love Bitcoin, but a strong America is equally important to the world," calling for fiscal reform. The debt ceiling "X date" is expected to arrive between late August and mid-October, and if the ceiling is not raised in time, the federal government may face spending cuts and payment delays.