U.S. national debt has surged to a new high of $36.58 trillion, and I think the impact on the crypto industry is quite direct.
The U.S. dollar is likely to become even less valuable. Bitcoin and similar assets with a limited supply are expected to be seen as safe-haven treasures by more people, and their prices might rise. However, regulation will certainly tighten, as the government does not want to see money flowing into the crypto sphere.
The market is likely to become more chaotic. Speculative and safe-haven funds will flood in, and volatility will certainly increase. However, this will also help weed out those worthless coins with no practical use. Established coins like Bitcoin and Ethereum may attract more institutional interest.
Overall, there are opportunities, but the risks are also significant; it just depends on who can withstand this wave of turbulence.
