📉 Removing the US Debt Ceiling Could Boost Interest in Bitcoin
🚨 Donald Trump and Elizabeth Warren are pushing for a complete removal of the US debt ceiling. This would eliminate the need for repeated Congressional votes and could open the door to unlimited government borrowing.
💬 Warren argues that the debt ceiling serves no real economic purpose and is merely a tool for political leverage, posing risks of default that could damage the US’s global reputation.
What does this mean for crypto investors?
📊 Financial uncertainty often increases interest in digital assets as a hedge. Following the news:
Trading volume on Binance and Coinbase jumped 18%
Ethereum (ETH) rose by ~3% to $2666
ETH/BTC trading volume increased 15%, signaling growing investor interest in altcoins
💬 Elon Musk commented that uncontrolled debt expansion could shake global confidence in fiat currencies, boosting Bitcoin's role as an alternative financial foundation.
🔮 Brian Armstrong, CEO of Coinbase, suggested that Bitcoin could eventually become the new global reserve currency if US debt keeps rising.
✍️ Do you see this as the start of a new financial era or a recipe for chaos? Share your thoughts below.
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