Coinbase CEO Brian Armstrong believes Bitcoin provides healthy competition for the US dollar, maintaining fiscal discipline and preserving the dollar’s dominance. US national debt is skyrocketing at $6B daily, nearing $38T. Stablecoins may play a bigger role than Bitcoin in upholding the dollar’s reserve currency status. The US passed the GENIUS Act, creating a comprehensive stablecoin framework as the market hits $312.6 billion and is projected to reach $2 trillion by 2028.

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1. Bitcoin reached a new all-time high of $64,863 on Wednesday, fueled by growing institutional interest and adoption.
2. Ethereum also surged to a record high of $2,487, benefiting from the continued DeFi boom and network upgrades.
3. Dogecoin saw a 300% increase in value after Elon Musk tweeted about it, sparking a frenzy among retail investors.: Bitcoin Helps USD’s Reserve Status: Coinbase CEO