Brian Armstrong, CEO of Coinbase, has stirred a significant debate in the Bitcoin and crypto community with a recent post on X. Armstrong put forward a compelling idea: Bitcoin might be crucial in sustaining and extending Western civilization’s influence and values.
Bitcoin As An Antidote To Inflation
Armstrong’s initial post set the tone: “One idea I’ve been contemplating is that BTC may be the key to extending Western civilization.” He delved into the historical patterns of countries with reserve currencies, highlighting their inclination towards inflating the money supply and ramping up deficit spending.
This path, he suggested, could eventually erode their monetary dominance. Armstrong referenced Ray Dalio‘s “The Changing World Order,” pointing to the United States’ current position in this cycle. He also added that Yuan and Euro have their own issues and “aren’t viable alternatives” so that the US can continue to inflate the world’s reserve currency.
Arms
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