Coinbase CEO: Mass U.S. Treasury Bond Issues Will Hurt Financial System

The US Congressional Budget Office (CBO) released a new study this week that the number of U.S. Treasury bonds will soar to $ 31.4 trillion over the next decade. Armstrong reposted the study on Twitter and suggested "considering cryptocurrencies", which he believes will cause a major blow to the financial system and make cryptocurrencies more robust than the US dollar. Armstrong mentioned, "Cryptocurrencies are considered real money that cannot be tampered with. At least its control is decentralized and people can censor open source code. Why should your labor income be manipulated or devalued?"