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Reading: Coinbase CEO: US Debt Might See Bitcoin Take on the Dollar, New Crypto Will Soar
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The cryptonews hub > Blog > Market > Coinbase CEO: US Debt Might See Bitcoin Take on the Dollar, New Crypto Will Soar
Market

Coinbase CEO: US Debt Might See Bitcoin Take on the Dollar, New Crypto Will Soar

Crypto Team
Last updated: June 4, 2025 7:56 pm
Crypto Team
Published: June 4, 2025
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wp header logo 117 Coinbase CEO: US Debt Might See Bitcoin Take on the Dollar, New Crypto Will Soar

There’s clear concern in the financial world right now, especially with the US national debt skyrocketing to an eye-watering $37 trillion and the US dollar on shaky legs.

Meanwhile, the US Dollar Index (DXY) has been dipping rather dramatically recently, indicating investors are pulling out of the US currency.

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This trend echoes growing concerns, prompting many people to ask tough questions about the dollar’s long-term health and status as the world’s go-to currency.

This is no idle threat; many US states are considering $BTC for their own rainy-day funds, hoping it’ll act as a shield if the dollar falters.

Increasingly, Bitcoin is being approached like gold, the classic safe bet, which has been on a tear recently, surpassing $3,360. This is yet another confirmation of the fiscal instability and shift to safe-haven assets.

However, despite gold’s recent price increase, data shows net outflows from gold ETFs. On the other hand, spot Bitcoin ETFs have seen $3 billion in net inflows since May 15. This suggests $BTC is now considered the safest bet.

Projects promising security and a fresh utility are in the spotlight in a financial landscape seeking both stability and innovation.

$BEST token holders who already use Best Wallet gain incredible benefits. These include:

What’s more, Best Wallet lets you make the most of its exciting iGaming partnerships with perks like free spins and top-tier bonuses.

With the recent launch of ApeChain, a dedicated blockchain for the $APE ecosystem, transactions are faster and cheaper, further enhancing $APE’s utility as its native gas token.

With market uncertainty driving some towards speculative but potentially rewarding ventures like meme coins, tools for navigating this chaotic space are key.

$SNORT opens the door to the Telegram-native meme coin trading world, while the Snorter Bot helps you sniff out and snipe the hottest new tokens before the crowd.

Holding $SNORT unlocks even greater advantages, including significantly reduced trading fees (as low as 0.85%), impressive staking rewards (775% APY), and governance rights. It aims to stand out compared to other trading bots and isn’t shy in showing you how.

Having already raised significant interest in its presale ($402K+), $SNORT is positioning itself as a meme coin with a clear purpose: to provide retail traders with a competitive edge.

With talk of Bitcoin beating both the dollar and gold at their own game, it’s easy to get caught up in FOMO, but remember not all that glitters is the real thing.

 

source

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