Post
Topic
Board Economics
Re: BTC up on gov shutdown news?
by
william8829
on 20/01/2018, 14:32:40 UTC
I still don`t know what is the opinion of the US government about bitcoin.Do they support it or no?
I can`t find any evidence that proves any relation between the US government shut down and this btc price increase.Perhaps the btc price is just recovering from the small crash that happened two days ago.
People in the USA have more money to invest in cryptos,after the taxes were decreased.

There have been rumors from the beginning that the US Government founded Bitcoin.  The US have a luke warm feeling towards Bitcoin.  As long as they can track it(which they can) and collect taxes on it(which they now do) they are content.

The world economy is tied to the US economy more so than any other country.  US economy goes up so does the world and the opposite is true as well.  It is kind of like the Bitcoin of the world economy.

A government shut down does not mean politicians stop getting paid or the military disbands, nothing crazy like that.  Although a government shutdown sounds bad it really does not have any negative economic repercussions(short term).