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Coinbase CEO proposes using Bitcoin to tackle US $39T debt, sparking cautious optimism in markets.

Market News
12 Jul 2026
Crypto Briefing
View Source
Bullish
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Brian Armstrong, CEO of Coinbase, has proposed using Bitcoin as a "hard-backed currency" to address the United States' $39 trillion national debt. He suggests constitutional reforms and leveraging technologies like AI and cryptocurrencies to drive economic growth. This idea has sparked debate in the crypto community and influenced Bitcoin price predictions, with strong market support for Bitcoin reaching $65,000 by July 2026 but skepticism about higher targets. The proposal highlights ongoing discussions about Bitcoin's role in global finance, though practical challenges remain and no concrete actions have been taken yet.

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