Coinbase CEO Brian Armstrong Says Bitcoin Could Extend Lifespan of Western Civilization Heres What He Means

Coinbase chief executive Brian Armstrong thinks Bitcoin (BTC) could extend the existence of Western civilization.

Armstrong says on the social media platform X that it’s the “natural trend” of countries that mint the reserve currency of the world to inflate the money supply and increase deficit spending until they lose their currency advantage.

The CEO believes the US is in the midst of this process, but he argues that other fiat currencies aren’t ready to take the reserve mantle yet either.

“The yuan and euro have their own issues and arent viable alternatives currently, so the assumption is the US can continue to inflate, but what I think many havent considered is that people have an alternative now with crypto. They may start moving fiat into crypto, as an antidote to inflation.

Contrary to what some may assume, I dont think this be a threat to the dollar and the US, I think it will be a natural check and balance that will complement the dollar, and be the best defender of long-term American interests (and Western civilization more broadly). Its better to move from dollars to crypto than to another country or regions fiat.”

Armstrong predicts that crypto and fiat will coexist together for a long time, particularly with technology like stablecoins fusing the two worlds.

He also sees Bitcoin as an extension of the long-standing philosophy of Western civilization.

“Bitcoin would extend the core tenets of economic freedom (property rights, sound money, etc) in Western civilization for a long time, which we’re at risk of losing periodically. These are part of what made Western civilization a success.”

Don’t Miss a Beat Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

This article was originally reported on The Daily Hodl.