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Brian Armstrong, CEO of Coinbase, recently shared his thoughts on inflation, aligning with Elon Musk’s perspective that the primary cause is government overspending and the subsequent need to print more money. Armstrong emphasized that addressing this issue would resolve most inflation problems.
He went further to advocate for Bitcoin as a solution, describing it as a check and balance on excessive inflation. According to Armstrong, buying Bitcoin represents a vote against inflation, offering a way for individuals to protect their wealth from the devaluation of traditional currencies.
This stance underscores a growing belief in the financial community that cryptocurrencies like Bitcoin can serve as a hedge against economic instability, particularly in times of rising inflation.