Coinbase CEO: If the US fails to solve its $37 trillion debt problem, Bitcoin may replace the US dollar

According to CCN, the size of US treasury bond has exceeded the US $37 trillion mark, triggering concerns about the global reserve currency status of the US dollar. Coinbase CEO Brian Armstrong recently warned that if the US cannot effectively control debt growth, Bitcoin may replace the US dollar as the new reserve currency. This view was supported by the Winklevoss brothers, the co founders of Gemini Exchange, who cited the chart of the soaring US debt and called for "buying Bitcoin". Armstrong emphasized, 'I love Bitcoin, but a strong America is equally important to the world,' and called for fiscal reform. The "X date" for the debt ceiling is expected to arrive in late August to mid October. If the ceiling is not raised in a timely manner, the federal government may face spending cuts and payment delays.