Lates News

The size of US national debt has surpassed 37 trillion US dollars, sparking concerns from various sectors about the global reserve currency status of the US dollar. Coinbase CEO Brian Armstrong recently warned that if the US cannot effectively control its debt growth, Bitcoin may replace the dollar as the new reserve currency. This view is supported by Gemini exchange co-founders, the Winklevoss brothers, who cited charts showing the surge in US debt and called for "buying Bitcoin." Armstrong emphasized, "I love Bitcoin, but a strong US is equally important to the world," urging for fiscal reform. The debt ceiling "X date" is expected to arrive in late August to mid-October, and if the limit is not raised in time, the federal government may face spending cuts and payment delays.