US debt surpasses 37 trillion dollars. Armstrong warns that Bitcoin may replace the US dollar as the reserve currency.

2025-06-04 14:34:21

PANews reported on June 4 that the size of the U.S. national debt exceeded the $37 trillion mark, causing concerns about the U.S. dollar’s status as a global reserve currency. Brian Armstrong, CEO of a trading platform, recently warned that if the United States cannot effectively control the growth of debt, bitcoin could replace the dollar as the new reserve currency. This view was supported by the Winklevoss brothers, co-founders of a trading platform, who called for a “buy bitcoin” by citing a chart of soaring US debt. “I love Bitcoin, but a strong America is just as important to the world,” Armstrong stressed, calling for fiscal reform. The “X date” of the debt ceiling is expected to arrive in late August to mid-October, and if the ceiling is not raised in time, the federal government could face spending cuts and payment delays.

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