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CEX CEO: The US debt crisis may drive Bitcoin to become the world's reserve currency
On June 4, CEX CEO Brian Armstrong said that if the U.S. Congress doesn't respond to the $37 trillion debt problem soon, Bitcoin could "take over" and become the next global reserve currency. Armstrong posted on social media on Tuesday, "I love Bitcoin, but a strong America is just as vital to the world. We have to keep our finances under control." Armstrong's concerns about the debt crisis come as House Republicans passed the Trump-backed Big Beautiful Bill in May. The bill extends tax cuts, increases military spending, and cuts Medicaid, food aid, and clean energy budgets. Growing financial pressures are driving interest in Bitcoin.