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0.000548345823432666 -9.13909705720244E-05 -0.000121854627429366 0.000274172911716419 -0.000304636568573588 -0.000761591421434229 -0.000731127764576888 6.09273137148561E-05
Stock impact report

Brian Armstrong Says Bitcoin Acts as a “Check and Balance” on US Dollar [Yahoo! Finance]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Yahoo! Finance
fiscal discipline, arguing that the asset ultimately supports the dollar's long-term standing. Key Takeaways: Armstrong says Bitcoin helps keep US fiscal policy in check. He warns inflation without growth could weaken the dollar's reserve status. Rising debt is pushing investors toward Bitcoin and gold. Speaking on the Tetragrammaton podcast with Rick Rubin, Armstrong said Bitcoin offers an alternative when confidence in traditional monetary policy weakens. “Bitcoin provides a check and balance on the dollar,” he said, pointing to periods of rising deficits or inflation when investors may seek refuge outside fiat currencies. Armstrong added that moderate inflation can be manageable if matched by economic growth, but warned that persistent imbalances could carry serious consequences. “If inflation outstrips growth, you'll eventually lose reserve currency status,” he said, describing such an outcome as a severe blow to the United States. In Armstrong's view, Bitcoin's Show less Read more
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