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Image Credit: Bitcoinist

Bitcoin As World Reserve? Coinbase CEO Says It’s Inevitable

  • Coinbase CEO Brian Armstrong believes Bitcoin could eventually become the world's reserve currency, displacing the US dollar.
  • Armstrong highlighted Bitcoin's finite 21 million-coin limit as a check on deficit spending by governments.
  • He warned that increasing public deficits could lead to a global shift towards Bitcoin as a store of value.
  • Armstrong has advocated for a strategic Bitcoin reserve in the US amidst mounting national debt.
  • President Trump's support for stablecoins and Bitcoin was emphasized in a prerecorded message at a crypto summit.
  • The White House has taken steps to establish a Strategic Bitcoin Reserve and a US Digital Asset Stockpile.
  • The US government is actively working on creating a framework to dominate the crypto and Bitcoin sector.
  • At the time of publication, Bitcoin was trading at $104,876.

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