Coinbase CEO calls for hard-backed currency including crypto as US debt hits $39.4T. VanEck says Bitcoin reserve could only cover 18-36% of debt by 2049. The debate signals crypto's emergence as a monetary policy tool.
Alpha Score of 27 reflects poor overall profile with poor momentum, poor value, weak quality, strong sentiment.
Coinbase CEO Brian Armstrong wants the U.S. Constitution amended to require a hard-backed currency, including crypto. Without such a cap on spending and a monetary anchor, the country's fiscal debt will keep rising, he said. That debt sits at $39.4 trillion and grows by $1 trillion every 100 days.
BitGo CEO Mike Belshe backed the idea. The Bill of Rights should protect citizens from currency debasement, he said.
Armstrong's proposal echoes a long-running crypto narrative. Bitcoin's fixed supply of 21 million coins has been pitched as a digital alternative to gold, a hedge against fiat inflation. The two assets moved together during the recent West Asia crisis. Investors sought stores of value outside central bank control. Both gold and Bitcoin have since fallen as a resolution appeared closer.
The numbers suggest, however, that crypto alone cannot fix the U.S. debt problem. VanEck projected that a strategic bitcoin reserve of 1 million coins would cover only 18 percent to 36 percent of the national debt by 2049. That assumes a price range of $250,000 to $43 million per bitcoin.
The dollar has lost roughly 97 percent of its purchasing power since 1913. Over the same period, Bitcoin went from under $1 to above $50,000. The Trump administration has floated a strategic bitcoin reserve and stablecoin legislation as part of its debt management toolkit.
Armstrong wants the Constitution's gold-and-silver clause updated to include other forms of money. A constitutional amendment requires supermajorities in Congress and ratification by three-quarters of states. That is a long political road. Still, the debate itself signals something: crypto proponents are framing the asset class as a monetary policy tool, not just an investment.
For COIN, the push reflects a broader bet that regulatory acceptance will drive institutional adoption. The company's Alpha Score sits at 27 out of 100, a Weak rating, suggesting the stock remains under pressure even as its CEO makes the case for crypto as a public good. No legislative vehicle for such an amendment exists yet. The proposal remains a talking point, not a policy.
Prepared with AlphaScala research tooling and grounded in primary market data: live prices, fundamentals, SEC filings, hedge-fund holdings, and insider activity. Each story is checked against AlphaScala publishing rules before release. Educational coverage, not personalized advice.