Coinbase CEO Brian Armstrong's View on Bitcoin's Role in Western Civilization

Coinbase CEO Brian Armstrong's View on Bitcoin's Role in Western Civilization



In a recent statement, Coinbase CEO Brian Armstrong delves into the notion that Bitcoin could be a crucial factor in preserving the prosperity of western civilization.



Armstrong points out that throughout history, nations holding reserve currencies have often resorted to inflating their currency supply and engaging in deficit spending until they lose their dominant position.



Armstrong maintains his belief that traditional fiat currencies will remain in use. He argues that both the Yuan and Euro face their own challenges and are not viable alternatives. The prevailing assumption is that the U.S. can continue with its inflationary practices. However, Armstrong highlights the overlooked impact of the growing cryptocurrency sector.



He notes, "The usual trend for the country with the reserve currency is to increase the money supply


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