The post Bitcoin May Be Helping the US Dollar, Coinbase CEO Brian Armstrong Says appeared first on Coinpedia Fintech News
Bitcoin has long been seen as a hedge against the US dollar. But Coinbase CEO Brian Armstrong is making a different case – one that’s gaining attention as America’s debt problem keeps growing.
Armstrong believes Bitcoin is not a threat to the dollar. Instead, he says it may actually help keep it strong.
“Bitcoin is good for USD,” Armstrong said, arguing that Bitcoin creates healthy competition that pressures governments to stay disciplined.
Bitcoin as a Pressure Valve for the Dollar
According to Armstrong, Bitcoin acts as a financial escape hatch when trust in government policy starts to weaken.
That possibility, he argues, forces policymakers to think twice before letting inflation spiral. Armstrong warned that if inflation continues to outpace economic growth, the US could eventually lose its reserve currency status – something he described as “a massive blow” to the country.
Also Read: Why Were Coinbase and Gemini Blocked in the Philippines?
Why This Argument Now?
US national debt has climbed to about $37.65 trillion and is growing by more than $70,000 every second. Earlier this year, interest payments on that debt surpassed the country’s entire defense budget.
Armstrong has pointed to these numbers as proof that current incentives don’t encourage balanced budgets. He has also supported efforts to modernize government operations, saying technology could help reduce waste and improve efficiency.
Crypto Community Reacts
Armstrong’s comments quickly sparked discussion online.
Many users agreed with his framing, with one popular reaction stating, “Competition creates accountability. Bitcoin is the check. Inflation is the problem.”
Others weren’t convinced. Some pushed back, saying the perspective doesn’t address the dollar’s intrinsic value.
Bitcoin’s Role Is Changing
The idea that Bitcoin could support the dollar, rather than replace it, is gaining ground. Senator Cynthia Lummis has said Bitcoin could strengthen the US financial position, while Strategy’s Michael Saylor has framed it as digital capital for national balance sheets. Texas has already kick-started its strategic reserve.
The value is clear. Bitcoin has a big role to play.
Source: https://coinpedia.org/news/bitcoin-may-be-helping-the-us-dollar-coinbase-ceo-brian-armstrong-says/
