Coinbase CEO Predicts Bitcoin Will Become World’s Reserve Currency Amid U.S. Fiscal Concerns
Coinbase CEO Brian Armstrong has publicly declared at the company’s State of Crypto Summit that Bitcoin could inevitably replace the U.S. dollar as the world’s reserve currency. Armstrong’s thesis is based on Bitcoin’s fixed supply of 21 million coins, contrasting it with fiat currencies threatened by rising deficit spending and mounting national debt—specifically, the U.S. debt approaching $37 trillion. He argues that if global public finances continue to deteriorate, people will increasingly turn to Bitcoin as a safe haven and a check against government overspending. The event also featured a keynote by former President Donald Trump, who voiced support for the GENIUS Act to establish clear frameworks for dollar-backed stablecoins and announced moves toward a U.S. Strategic Bitcoin Reserve. Armstrong has previously advocated for U.S. government Bitcoin holdings to safeguard against fiscal risks. Traders are watching for Bitcoin to gain legitimacy in global policy, which could influence demand and price volatility, especially given recent U.S. government engagement and ongoing fiscal instability.
Bullish
Brian Armstrong’s assertion that Bitcoin may become the global reserve currency is a significant vote of confidence from a leading industry figure. Coupled with signals from U.S. policy makers—including moves towards a Strategic Bitcoin Reserve and regulatory clarity for stablecoins—the news contributes to growing institutional legitimacy and potential adoption. Historically, similar endorsements and policy discussions have led to positive momentum in the crypto market, attracting both retail and institutional interest. Although the shift to Bitcoin as a world reserve currency would be long-term, such statements—especially amid concerns about U.S. fiscal health—tend to foster bullish sentiment and may encourage accumulation and upward price movement in the short to medium term.