CEO of Coinbase Brian Armstrongis quite optimistic about Bitcoin (BTC), according to the CEO, BTC may one day usurp the role of the US dollar in the world.
Sharing his views in an interview he attended, Armstrong thinks that Bitcoin could potentially become the new ‘global reserve currency’ and gain the status of a global gold standard in this regard.
“An alternative to the fall of the USA and the rise of China is needed, and this alternative must be a polycentric view of the world. But I think things might be a little different this time, which is bitcoin It can happen because of our new global gold standard introduced with
There are at least 200 million people trying crypto assets so far. I think that number is pretty good, but it’s actually nothing, given the dollar’s impact or the gold’s impact. Yes, it may be a little crazy to say that right now, but I think Bitcoin has a chance to become the world’s new global reserve currency in the future.”
hear @brian_armstrong‘s thoughts on @RayDalio‘s “The Changing World Order” and crypto’s place within it.
Can Bitcoin become the world’s future reserve currency? pic.twitter.com/I4LADjrYPu
— Coinbase (@coinbase) June 8, 2022
The CEO of Coinbase thinks that the potential loss of the dollar’s global dominance is nothing unique, as fiat currencies tend to have a limited lifespan after they stop being backed by a commodity like gold.
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Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.