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Coinbase Ceo Believes Crypto Is The Answer To Solve US Debt

Coinbase Ceo Believes Crypto Is The Answer To Solve US Debt

Coinbase Ceo Believes Crypto Is The Answer To Solve US Debt-techcryption

Recent Global Debt Database shows that the total debt is USD 188 trillion and the United States government’s public debt is over USD 22 trillion. Moreover, it is predicted that the U.S. national debt will rise to 98% of GDP by 2030.

Brian Armstrong, the CEO of Coinbase, a digital currency exchange headquartered in San Francisco, has mentioned that crypto assets could be the solution to global economic woes.

“Most people today probably still think of cryptocurrency as funny money or a speculative asset class. But I believe we’re going to see this perspective flip, probably starting with young people as with many things, where holding a government’s currency is seen as funny money.”

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Brian Armstrong’s Tweet

Armstrong strongly believes that the younger generation (millennials and Gen Z) seem to be more comfortable and accepting towards cryptocurrency as they can see the impact it can bring to real-world, especially in terms of settling debts.

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