There are talks among US politicians and economists about the country defaulting on its national debt. Congress usually approves raising the debt ceiling, so I don't see what's the issue here. But if somehow the US defaults, how would the crypto market react? Positively or negatively? The USD is the reserve currency of the world, so it's likely everything (stocks, crypto, etc) will crash alongside it.
What do you think? Is a US default good or bad for crypto in the short term? Your input will be greatly appreciated. Thank you.
If politicians and economists talk about default, then most likely they will not allow it. Here it is necessary to proceed from the opposite. That is, if a default were possible, then it would hardly be talked about. Think back to 2008 and the mortgage crisis that created a chain reaction with crises around the world. Then after all, only a few voiced the approaching collapse. I want to say that the words of politicians need to be reversed. They are still talkers and liars. If they talk about something very often, then it will not happen. I won’t say that it works 100%, but this trend can be traced 100% of them.What do you think? Is a US default good or bad for crypto in the short term? Your input will be greatly appreciated. Thank you.
In any case, the default will have a negative impact in all sectors of the financial world, including cryptocurrencies. Another thing is that it is better to rely on long-term prospects with cryptocurrencies, especially if it is bitcoin. Then all current problems, such as defaults and crises, will not be significant.