all this debt is created by printing money as we see it goes to stock market and it goes from small investors to big investors.
now people and corporations will be debted when people are in debt what they need ?? they need money to pay back the loans!
but usa dollars are nowhere and then at somepoint goverment will tell to people , we cant print more money and you dont have money what you have is debt and when there is not enough money for people then the value will increase of the money.
and recessions will hit the usa prices will go down and dollar value will rise higher
all of that i think its beneficial for etheruem and tether!
so this what i think and i think the winners are usa dollar tether and etheum in this situation
So, I see 2 basicly opposite variants of whats going to happen - one of them you've descirbed already, the other one is basically same thing, but it will almost kill usa's economy and usd too.
However, whether its going to be first or second outcome I can clearly see that crypto market will only gain power from it.