In the event of a default, it is likely that the price of Bitcoin will experience increased volatility as two strong trends collide. On one hand, the price may drop sharply as Bitcoin is considered a high-risk financial asset. On the other hand, there may be a sharp increase in price due to the stable network hashrate and the ongoing mining of blocks approximately every ten minutes. Additionally, a fall in the value of the dollar could potentially lead to an increase in the value of Bitcoin in the BTC/USD pair. These factors contribute to the complex dynamics and potential turbulence in the short term.