Coinbase CEO: Fiat currencies and cryptocurrencies will coexist for a long time

Coinbase CEO Brian Armstrong says Bitcoin and cryptocurrencies could be the key to continuing Western civilization. He pointed out that no matter which country has a reserve currency, the natural tendency is to expand the money supply and increase deficit spending until the fiat currency loses its advantage. Right now, the assumption is that the United States can continue to expand, but I think what a lot of people don't take into account is that people now have an alternative currency called cryptocurrency. They may start moving fiat currencies into cryptocurrencies as a way to protect against inflation. Contrary to what some may assume, I do not think this will be a threat to the dollar and the United States, I think it will be a natural check and complement to the dollar and is best for the long-term interests of the United States (and Western civilization more broadly) Defenders. It is better to switch from USD to cryptocurrencies than to another country’s fiat currency. I also believe that fiat and cryptocurrencies will coexist in the long term. They are more like complements than substitutes. USD-backed stablecoins such as USDC or Flatcoins will play an important role in unifying these two worlds.