CoinDesk: Standoff Over $28T of US Government Debt Could Rattle Bitcoin Market
As a pitched battle in the U.S. Congress raises the risk of the government defaulting on its $28 trillion in debt, some cryptocurrency traders are speculating whether the gridlock over raising the debt ceiling could cause a swoon in bitcoin prices. "The Hash" panel discusses bitcoin's relationship with macroeconomic trends and its thesis as a potential inflation hedge.
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