Standoff Over $28T of US Government Debt Could Rattle Bitcoin Market — CoinDesk

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There could also be an in-between state of affairs the place the U.S. defaults on its debt briefly, however monetary markets stay calm, with buyers assuming that the debt restrict will likely be raised finally, stated Steven Kelly, a analysis affiliate on the Yale Program on Financial Stability, an initiative targeted on understanding monetary crises. It’s unclear how lengthy a default must happen earlier than buyers lose their nerve, Kelly added.