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Coinbase’s co -founder and CEO Brian Armstrong used the annual encoding company on June 12 to strengthen his most ambitious theses so far: Bitcoin can finally replace the US dollar as a reference asset for the planet. “Bitcoin can be a backup currency in the world,” Armstrong books In X while re -tweeting a section of his observations on the stage, the words he presented just minutes ago to several hundred politicians, investors and developers who gathered in the lower Manhattan.
Bitcoin can become a reserve currency in the world
On the stage, Armstrong reminded the audience that the money is a way to exchange and store value, praising the spanning on the dollar full of dollars to accomplish the first task “beautifully”, saying that the currencies Fiat fails in the second. He said: “Democrats all over the world are really struggling to spend their inability under control,” before he presented what he called “my crazy idea a little.”
If public financial resources deteriorate more, he continued, “I think Bitcoin will provide an important check and balance on the spending of deficit. If he goes out of control a lot, people will escape this at times of uncertainty. It may already end that Bitcoin is the new backup in the world.”
The logic of Armstrong depends on the minimum Bitcoin, which is 21 million, which provides external brakes on governments that are accustomed to criticism deficit. The sub -text was to carry the debts of the United States, which is now hovering near $ 37 trillion, a swelling number of about $ 4 trillion in the past eighteen months alone.
Armstrong has warned for months that these financial paths, if left without treatment, can lead to a global journey of sovereign currencies. In January, a blog post urged Washington to build a Bitcoin Strategy Reserve, and in March joined other White House leaders for the first encrypted table.
Armstrong’s expectations fell on fertile ground. Just minutes ago, the sudden keynote speech at the top – a previously recorded message from President Donald Trump – confirmed to what extent Bitcoin traveled from an external code to the main macro policy. “My administration works with Congress to pass the genius law that supports the construction of the dollar -backed Stablecooins, and we will also work to create clear and simple business frameworks that allow America to control the future of encryption and bitcoin,” Trump announced, “Sharaf” that the first “chief coding” is considered.
The White House has already put the solid muscles behind these words. On March 6, Trump signed an executive order that creates a strategic bitcoin reserve and US digital assets, directing the Treasury to unify the lost BTC and buy more coins, taking into account the neutral budget conditions. Recently, the CEO of the Chamber of Advisors revealed to the President’s digital assets Bo Heins that the Trump administration will reveal the strategic bitcoin reserve structure “in a short time”.
At the time of the press, BTC was traded at $ 104,876.
Distinctive image from YouTube, Chart from TradingView.com
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