⚡ US Treasury Secretary Scott Bessen officially stated in Congress that the country could default as early as this summer - in July or August. Yes, yes, the USA! The most powerful economy in the world may not pay its debts.
📊 The national debt has already exceeded $36.9 trillion - that's just out of this world! 💸 And now America is approaching the so-called "X date" - the moment when the money runs out and borrowing will no longer be possible. It's like if you spent all your credit limits, and the bank no longer lent you money. Only the scale is global 😅
🧨 What does this mean for crypto?
💥 Option 1: Crypto in a rocket! 🚀
If investors get scared about the dollar and the American economy, they will start looking for a safe haven. And here comes Bitcoin - as digital gold.
👉 It's out of government control
👉 It can't be printed
👉 It's limited, like gold
In times of panic and distrust of fiat, BTC and major altcoins may start to rise because people will move their money to where they feel safe.
🟢 If headlines like "the end of the dollar", "default is real" emerge - prepare for a pump!
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💣 Option 2: Crypto in a tailspin ⛔📉
But there is another scenario - if panic starts, investors may sell everything, including crypto.
Why? Because in a crisis, everyone runs to cash - they are just scared, they exit everything that is volatile.
📉 In this case, Bitcoin and altcoins may fall along with stocks. Kind of like: "everything is collapsing - save your money."
🔴 This scenario is more likely if a default actually happens and no one intervenes. But usually, in such situations, the US raises the debt ceiling at the last moment (as it did in 2011 and 2013), and everything goes up again.
🤔 What will happen in the end?
📌 If there is no default, but everyone is nervous - this is 🔥 fuel for crypto growth.
📌 If a default actually happens and chaos begins - there will first be a 🚨 crash, then there may be a ⚡ rebound, especially if the Fed intervenes.
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💡 Personal conclusion:
🟩 Long-term - this is a bullish signal for crypto. Anything that undermines trust in the dollar increases interest in decentralization.
🟥 Short-term - expect volatility, swings, nerves, fake news, and emotional movements.
