Coinbase CEO Brian Armstrong argues that Bitcoin strengthens the US dollar by acting as a market-based constraint on fiscal and monetary excess. He contends that Bitcoin creates healthy competition, serving as a "check and balance" against high inflation and deficit spending. By offering an alternative store of value, Bitcoin increases the political and economic costs of poor monetary policy, as capital can flee to Bitcoin during periods of uncertainty. This external pressure incentivizes policymakers to maintain currency stability, thereby helping the US retain its reserve currency status. Armstrong suggests that Bitcoin could extend the "American experiment" by reinforcing monetary credibility amid global competition and domestic fiscal challenges.

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Bitcoin Supports The US Dollar’s Reserve Status, Says Coinbase CEO