TLDR
- Coinbase CEO believes Bitcoin provides a balance against US dollar inflation.
- Armstrong argues Bitcoin helps prevent excessive deficit spending in the US.
- Bitcoin could help maintain the US dollar’s status as the world reserve currency.
- Armstrong and other experts suggest Bitcoin could boost US dollar stability.
Brian Armstrong, the CEO of Coinbase, recently shared his thoughts on Bitcoin’s positive effect on the US dollar. Armstrong argued that Bitcoin plays an important role in promoting competition that benefits the US dollar. According to him, the cryptocurrency can act as a check against excessive inflation and deficit spending, especially during times of economic uncertainty.
This viewpoint marks a shift from the earlier belief that Bitcoin could only thrive if the US dollar weakened. Armstrong’s perspective suggests that Bitcoin’s success may even support the dollar by encouraging fiscal responsibility within the US government.
Bitcoin as a Check on the US Dollar
Armstrong explains that Bitcoin offers an alternative to the US dollar, which provides competition for the currency. In his view, when inflation rises or when the US government increases deficit spending, people may turn to Bitcoin as a safe haven. This behavior, he argues, forces the US to pay attention to its fiscal policies. If the government continues to inflate the currency and run large deficits, it could risk losing its global reserve currency status.
“Bitcoin provides a check and balance on the dollar,” Armstrong said. He believes that when individuals seek Bitcoin in response to inflationary concerns, it sends a clear signal to policymakers to act more responsibly.
Bitcoin is good for USD.
It creates competition in a way that’s healthy for the dollar, which helps to provide a check and balance against high inflation and deficit spending. pic.twitter.com/iHjQCJVqCb
— Brian Armstrong (@brian_armstrong) December 28, 2025
The idea of Bitcoin being a safeguard against fiscal mismanagement has gained traction within the crypto community, particularly in light of recent economic challenges. As the US national debt continues to grow, there is increased focus on alternative financial systems that could help reduce dependency on traditional monetary policies.
Deficit Spending and the Risk to the US Dollar
Armstrong also pointed out that the US government’s fiscal policies, particularly its growing debt, could put the dollar’s global position at risk. The national debt has surpassed critical thresholds, such as exceeding the entire National Defense budget in 2025. Armstrong warned that the dollar could lose its status as the world’s reserve currency if inflation continues unchecked.
He emphasized that Bitcoin offers a way to counteract this trend. By providing a non-inflationary alternative, Bitcoin could help stabilize the global economy in the event of excessive fiscal expansion by the US. If people see Bitcoin as a more stable store of value, it could potentially lead to a shift in how global reserves are held, further weakening the dollar’s dominance.
The role of Bitcoin in supporting fiscal discipline has drawn attention from other prominent figures as well. For example, Senator Cynthia Lummis (R-WY) has suggested that Bitcoin could be used to strengthen the US dollar by creating a strategic Bitcoin reserve. This idea aligns with Armstrong’s belief that Bitcoin could serve as a safeguard to ensure the long-term stability of the US currency.
Bitcoin as Part of US Economic Strategy
While Armstrong and others argue for the role of Bitcoin in fiscal stability, there are still challenges in integrating the cryptocurrency into broader economic policy. Some policymakers remain cautious about embracing digital currencies due to concerns over volatility and regulatory issues. However, the growing support from individuals like Armstrong and Lummis shows that Bitcoin’s role in the future of finance is being taken seriously.
Furthermore, MicroStrategy Executive Chairman Michael Saylor has echoed similar sentiments, suggesting that Bitcoin could help bolster the US balance sheet. This “pro-dollar via Bitcoin” narrative is gaining momentum as the cryptocurrency space matures and its role in global finance becomes more defined.
As the cryptocurrency industry continues to grow, its potential to influence traditional financial systems like the US dollar remains a key discussion point. For now, the debate centers around how Bitcoin can coexist with, and even strengthen, the current monetary framework.
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