Crypto is a Balancing Force not a Threat to USD: Coinbase CEO Shares

Crypto is a Balancing Force not a Threat to USD: Coinbase CEO Shares

BitcoinEconomy

By Miles

04 Dec 2023 (6 months ago)

2 min read

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Coinbase CEO Brian Armstrong approves Bitcoin as an inflation solution, supporting the coexistence of crypto and fiat, amidst a popular ad campaign.

Coinbase CEO Brian Armstrong highlighted Bitcoin’s potential to combat inflation while discussing Bitcoin's role in advancing Western civilization in a recent post.

Armstrong sees Bitcoin as an alternative to inflation-prone currencies like the Dollar, Yuan, and Euro. He believes people may shift from fiat to crypto as a way to counteract inflation.

Instead of seeing this shift as a threat to the U.S. Armstrong sees crypto as a balancing force that supports the dollar and safeguards American and Western interests, preferring asset migration to crypto over other countries' fiat currencies.

Armstrong made it clear that he supports the coexistence of fiat and crypto, stating that they complement each other. He discussed the importance of stablecoins that are backed by the dollar, stablecoins like USDC will play a major role in unifying these worlds, he stated.

He also highlighted Bitcoin's role in maintaining economic freedom principles, which are crucial for the West.

Coinbase's recent ad campaign called ‘Break The Cycle'  gained a lot of attention. The ad explained how people's dreams are being hindered by the harsh reality of traditional finance. The ad, popular on social media, was praised for showing why more people are turning to crypto. Dogecoin co-founder Billy Markus commented that the ad resonated with those seeking alternatives to the failing system.

Link to the AD

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