Coinbase (NASDAQ:COIN) CEO Brian Armstrong said Bitcoin (CRYPTO: BTC) may emerge as the world’s new reserve currency, pointing to mounting global deficits and rising economic uncertainty as catalysts for a shift away from fiat systems.
Armstrong said that Bitcoin could evolve into the world’s reserve currency, offering a store of value as governments continue to grapple with unchecked deficit spending.
“Bitcoin is going to provide an important check and balance on deficit spending,” Armstrong said. “If it gets out of control too much, people will flee to it in times of uncertainty. …