In response to the United States’ $30 trillion surge in national debt over the last 28 years, Coinbase CEO Brian Armstrong emphasizes the significance of Bitcoin. The CFO of 20 Dollar Consulting, Robert Sterling, also draws attention to the alarming rate at which the U.S. debt has grown, highlighting a bipartisan trend of fiscal expansion under successive administrations.

The acceleration of debt accumulation began with George W. Bush and continued through the previous three presidencies, marked by significant milestones like military spending, tax cuts, the Great Recession, and the recent COVID-19 pandemic.

Armstrong sees Bitcoin as a potential counterbalance to this fiscal trajectory, advocating for it as a return to financial discipline similar to the gold standard abandoned in 1971. He believes that cryptocurrency could play a crucial role in checking the continuous growth of deficit spending, which is essential for the strength of the U.S. and its currency.

This perspective underscores the importance of Bitcoin as a means to bring about financial discipline and maintain the stability of the U.S. economy. For more news and updates on cryptocurrencies and finance, visit Global Crypto News.

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