Topic: US Debt Default: Good or bad for crypto? - page 5. (Read 758 times)
IMO, US default will affect global financial markets, including crypto markets. However, the impact of this on cryptocurrencies can be positive or negative depending on market fluctuations and how the iceberg completes the financial and economic policy of a range of governments. A U.S. debt default could have a devastating effect on the crypto market. However, the effects can be positive or negative depending on market movements and how the iceberg completes the economic and financial policies of a range of governments.
The only event that will be able to make mass adoptions for cryptocurrency is the collapse of banks in the United States. And this can only happen as a result of a default or an increase in rates by the Fed. About the default, I do not believe. This is another political struggle, and the US still has the opportunity to pay its obligations for many years.
I don't think many people believe this. What if this is the plan, to do something no one believes in? Simply raising the debt ceiling again is predictable, boring and not a solution to the problem, it seems that the period of increased rates promises to drag on and in such conditions it becomes too expensive to even service the debt, not to mention the possibility of starting to pay off the body of the debt itself. In just one day, May 15, the US government spent nearly $51 billion on interest on the debt. In the end it's not a matter of faith and the crowd is always wrong.True and understandable to be skeptical about conventional approaches such as raising the debt ceiling, especially when facing a prolonged period of rising interest rates especially when compared to the current conditions pose significant challenges. As you mentioned, the staggering daily spending on interest payments highlights the gravity of the situation.
Supposing they default, although it is very unlikely, I think people would surely move their funds into hard assets. That seems like one of many probable scenarios. In regard to cryptocurrencies, I'm sure it will be on some people's consideration. So it will be very interesting for cryptocurrency spaces since it will meet a distinct economic condition for the market itself.
Specifically, cryptocurrencies that are truly backed by real things, like PoW, would at the very least gain attention as an alternative for people to keep their funds intact. Although the majority of people would likely go into battle-tested assets like gold, in case the scenario happens, that could be a tipping point for the whole cryptocurrency market, especially Bitcoin.
Specifically, cryptocurrencies that are truly backed by real things, like PoW, would at the very least gain attention as an alternative for people to keep their funds intact. Although the majority of people would likely go into battle-tested assets like gold, in case the scenario happens, that could be a tipping point for the whole cryptocurrency market, especially Bitcoin.
The only event that will be able to make mass adoptions for cryptocurrency is the collapse of banks in the United States. And this can only happen as a result of a default or an increase in rates by the Fed. About the default, I do not believe. This is another political struggle, and the US still has the opportunity to pay its obligations for many years.
I don't think many people believe this. What if this is the plan, to do something no one believes in? Simply raising the debt ceiling again is predictable, boring and not a solution to the problem, it seems that the period of increased rates promises to drag on and in such conditions it becomes too expensive to even service the debt, not to mention the possibility of starting to pay off the body of the debt itself. In just one day, May 15, the US government spent nearly $51 billion on interest on the debt. In the end it's not a matter of faith and the crowd is always wrong. 
There are talks among US politicians and economists about the country defaulting on its national debt. Congress usually approves raising the debt ceiling, so I don't see what's the issue here. But if somehow the US defaults, how would the crypto market react? Positively or negatively? The USD is the reserve currency of the world, so it's likely everything (stocks, crypto, etc) will crash alongside it.
What do you think? Is a US default good or bad for crypto in the short term? Your input will be greatly appreciated. Thank you.
What do you think? Is a US default good or bad for crypto in the short term? Your input will be greatly appreciated. Thank you.
In my opinion, the default in the US will start a global recession.
We will see a drop in business activity worldwide. Countries that export metals and hydrocarbons will suffer the most. In these countries, the situation with the economy will be catastrophic.
The United States will also suffer, but to a lesser extent. In Europe, everything will be quite stable, and the euro will rise against the US dollar.
Gold and Bitcoin will rise in price very strongly.
The entire European economy mainly depends on the US, and if their big brother collapses, I don't think they will be much more stable than the US. No one will be stable in the event of a US debt default because they are the center of the world economy as well as the holder of the world's money printing machine. But you're right, assets like gold and bitcoin will go up a lot because the demand for safe havens will spike there. That will benefit bitcoin but I don't expect it to happen because it will have a huge negative impact on our lives.
Yes, I also would like the price of Bitcoin to grow slowly, there would be no wars, upheavals, economic crises, hunger, unemployment and cultural degradation in the world. Most people in the world are not interested in a recession in the economy.
European countries are now really very closely connected with the US....
If the economic crisis covers all countries, then this may have negative consequences for the entire planet. We may face a slowdown in scientific and technological progress and the beginning of a period of cultural degradation of mankind (an analogue of the historical dark ages).
This is the most catastrophic scenario. I hope it doesn't get implemented.
The only event that will be able to make mass adoptions for cryptocurrency is the collapse of banks in the United States. And this can only happen as a result of a default or an increase in rates by the Fed. About the default, I do not believe. This is another political struggle, and the US still has the opportunity to pay its obligations for many years.
There are talks among US politicians and economists about the country defaulting on its national debt. Congress usually approves raising the debt ceiling, so I don't see what's the issue here. But if somehow the US defaults, how would the crypto market react? Positively or negatively? The USD is the reserve currency of the world, so it's likely everything (stocks, crypto, etc) will crash alongside it.
What do you think? Is a US default good or bad for crypto in the short term? Your input will be greatly appreciated. Thank you.
What do you think? Is a US default good or bad for crypto in the short term? Your input will be greatly appreciated. Thank you.
The potential impact of a US debt default on the cryptocurrency market is uncertain and complex. It's important to note that a US debt default would have significant global economic implications, and the repercussions would likely extend beyond the crypto market alone.
In times of economic uncertainty or financial instability, some individuals and institutions may turn to alternative assets, including cryptocurrencies, as a potential hedge against traditional financial systems. This increased interest and demand could potentially lead to a short-term surge in cryptocurrency prices.
There are talks among US politicians and economists about the country defaulting on its national debt. Congress usually approves raising the debt ceiling, so I don't see what's the issue here. But if somehow the US defaults, how would the crypto market react? Positively or negatively? The USD is the reserve currency of the world, so it's likely everything (stocks, crypto, etc) will crash alongside it.
What do you think? Is a US default good or bad for crypto in the short term? Your input will be greatly appreciated. Thank you.
What do you think? Is a US default good or bad for crypto in the short term? Your input will be greatly appreciated. Thank you.
The possible impact on the crypto market will be felt considering that currently the US market plays a major role in influencing Bitcoin price movements, this is evident from the several times The FED raised interest rates which also affected Bitcoin prices. And if the US were to default, it would also be able to affect the crypto market globally and it is possible that there will be many crypto holders who are affected by this and it will make the crypto market conditions even more unstable this year. Hopefully between the US government and their parliament will find a bright spot related to this problem.
When the Fed raises interest rates, it will affect all assets but will benefit the USD, so bitcoin or gold falling during that time is natural. But if the US defaults, it will be the exact opposite, the USD will depreciate, and people will quickly look for alternatives, and bitcoin could be a perfect alternative and gold. So I think a US default would be more positive for bitcoin than a negative. But all possibilities are possible, so I do not expect that to happen and do not believe the US will default
. 
This is one of the worst aspects of the matter, the correlation of the global economy, stocks, banks and even cryptocurrencies with the dollar is the worst of the matter, the collapse of the dollar will lead to the collapse of all of these. This is the main reason why Satoshi strived to invent Bitcoin to decouple the global economy from the dollar.
Defaulting on debt will certainly have a negative impact on cryptocurrencies in the short term, but in the long term I expect its impact to be positive because everyone will seek to convert their savings into bitcoins before their value collapses permanently, and this will push the price of bitcoin up.
Defaulting on debt will certainly have a negative impact on cryptocurrencies in the short term, but in the long term I expect its impact to be positive because everyone will seek to convert their savings into bitcoins before their value collapses permanently, and this will push the price of bitcoin up.
There are talks among US politicians and economists about the country defaulting on its national debt. Congress usually approves raising the debt ceiling, so I don't see what's the issue here. But if somehow the US defaults, how would the crypto market react? Positively or negatively? The USD is the reserve currency of the world, so it's likely everything (stocks, crypto, etc) will crash alongside it.
What do you think? Is a US default good or bad for crypto in the short term? Your input will be greatly appreciated. Thank you.
What do you think? Is a US default good or bad for crypto in the short term? Your input will be greatly appreciated. Thank you.
The US default would probably have a short term positive impact over crypto, because of the panic in the fiat financial markets many investors might turn towards crypto as an alternative. On the other hand, a US default might cause a new Great Depression worldwide and I'm not sure how the cryptocurrency markets would react to a big recession or depression. The prices of all financial assets might start going down.
The US dollar was the number 1 global reserve currency 20-30 years ago. Nowadays, the usage of US dollars as a reserve currency will drop more and more, which is something normal. The BRICS countries have grown a lot over the last 20 years and they will create their own reserve currency.
Of course, it would affect bitcoin in a bad way. Just like any other bad news in the past that were significant enough in the eyes of the majority, it will drag the price of bitcoin down and depending on the severity of the issue, the price of Bitcoin also follows. Just imagine what the effects would be by then when a negative news that includes the US ever arises like what you have mentioned. It will inevitably affect the price negatively. But this doesn't mean death for bitcoin though, in my opinion, bitcoin will still be able to recover even if such an event happens in the US. (This includes the entirety of this industry)
There are talks among US politicians and economists about the country defaulting on its national debt. Congress usually approves raising the debt ceiling, so I don't see what's the issue here. But if somehow the US defaults, how would the crypto market react? Positively or negatively? The USD is the reserve currency of the world, so it's likely everything (stocks, crypto, etc) will crash alongside it.
What do you think? Is a US default good or bad for crypto in the short term? Your input will be greatly appreciated. Thank you.
What do you think? Is a US default good or bad for crypto in the short term? Your input will be greatly appreciated. Thank you.
In my opinion, the default in the US will start a global recession.
We will see a drop in business activity worldwide. Countries that export metals and hydrocarbons will suffer the most. In these countries, the situation with the economy will be catastrophic.
The United States will also suffer, but to a lesser extent. In Europe, everything will be quite stable, and the euro will rise against the US dollar.
Gold and Bitcoin will rise in price very strongly.
The entire European economy mainly depends on the US, and if their big brother collapses, I don't think they will be much more stable than the US. No one will be stable in the event of a US debt default because they are the center of the world economy as well as the holder of the world's money printing machine. But you're right, assets like gold and bitcoin will go up a lot because the demand for safe havens will spike there. That will benefit bitcoin but I don't expect it to happen because it will have a huge negative impact on our lives.
There are talks among US politicians and economists about the country defaulting on its national debt. Congress usually approves raising the debt ceiling, so I don't see what's the issue here. But if somehow the US defaults, how would the crypto market react? Positively or negatively? The USD is the reserve currency of the world, so it's likely everything (stocks, crypto, etc) will crash alongside it.
What do you think? Is a US default good or bad for crypto in the short term? Your input will be greatly appreciated. Thank you.
What do you think? Is a US default good or bad for crypto in the short term? Your input will be greatly appreciated. Thank you.
I doubt US will be defaulting in it's debt. But for discussion if I consider that will default on their debt, it will be an excellent thing for crypto market. Billions of dollars will be infused into the crypto market from various institutional investors to park their additional funds. Similarly Gold and other precious metals will also see a huge demand.
Corporates are sitting on cash piles so they will need to find an alternative solution to park their funds for short to medium term is US government starts defaulting. But this will not be great situation for the rest of the world. The world economy may go into a deep recession which will take longer to recover.
Yes, and the bear market is coming soon. Indeed they have everything and don't want to lose anything but I am also a bit confused from the sentence you wrote why should they park their funds for the short to medium term if the US government starts to fail, when this is seen as an alternative to recovery? ? Please explain @avikz !!!
There are talks among US politicians and economists about the country defaulting on its national debt. Congress usually approves raising the debt ceiling, so I don't see what's the issue here. But if somehow the US defaults, how would the crypto market react? Positively or negatively? The USD is the reserve currency of the world, so it's likely everything (stocks, crypto, etc) will crash alongside it.
What do you think? Is a US default good or bad for crypto in the short term? Your input will be greatly appreciated. Thank you.
What do you think? Is a US default good or bad for crypto in the short term? Your input will be greatly appreciated. Thank you.
The possible impact on the crypto market will be felt considering that currently the US market plays a major role in influencing Bitcoin price movements, this is evident from the several times The FED raised interest rates which also affected Bitcoin prices. And if the US were to default, it would also be able to affect the crypto market globally and it is possible that there will be many crypto holders who are affected by this and it will make the crypto market conditions even more unstable this year. Hopefully between the US government and their parliament will find a bright spot related to this problem.
Bad,
I would buy Tether + the Chinese can invade Taiwan at any moment
I would buy Tether + the Chinese can invade Taiwan at any moment
By jumping into this question's kaleidoscope, you'll learn about the lively salsa dance between politics, economics, and the cryptoverse. The thought of Uncle Sam going into default is enough to make your skin crawl, isn't it? To compare it to the shadow of Godzilla being cast over the happy world of global economics and cryptocurrency is an understatement. The fall of the dollar, the world's piggy bank, could set off a chain reaction in global finance.
Keep Bitcoin in mind, our defiant friend. Bitcoin emerged from the ashes of the 2008 financial collapse and strutted its stuff like a punk rocker at a bankers' convention. As a result, in the event of a hypothetical breakdown of the United States government, people may flock to cryptocurrencies like bees to honey.
Let's be honest, though; this won't be easy. Traditional market volatility can make investors concerned, leading to a crypto market clearance. The value of cryptocurrencies could crash precipitously in the near future. But hey, in the long run Bitcoin and its crypto relatives could be basking in the sunlight of a paradigm shift towards decentralised economies. What a surprising turn of events!
Keep Bitcoin in mind, our defiant friend. Bitcoin emerged from the ashes of the 2008 financial collapse and strutted its stuff like a punk rocker at a bankers' convention. As a result, in the event of a hypothetical breakdown of the United States government, people may flock to cryptocurrencies like bees to honey.
Let's be honest, though; this won't be easy. Traditional market volatility can make investors concerned, leading to a crypto market clearance. The value of cryptocurrencies could crash precipitously in the near future. But hey, in the long run Bitcoin and its crypto relatives could be basking in the sunlight of a paradigm shift towards decentralised economies. What a surprising turn of events!
There may be an impact but whether it's bad or good really depends on the market reaction, but I don't understand what can make the crypto market affected by what the United States is experiencing, because in my opinion the crypto market only has a very small role in the world's economy at the moment so, maybe otherwise it will be dangerous for crypto investors.
But I doubt that America will fail to pay its debts later, even though news about this continues to be reported, many economic observers believe that America will be able to pay its debts on time because they understand very well that it will not only affect America but also globally if they fail, if they fail then the predictions for 2023 will be even tougher to come true.
But I doubt that America will fail to pay its debts later, even though news about this continues to be reported, many economic observers believe that America will be able to pay its debts on time because they understand very well that it will not only affect America but also globally if they fail, if they fail then the predictions for 2023 will be even tougher to come true.
I don’t think they will default. They have no reason to default. Just print more money and hope for the best. Basically like paying a credit card with another credit card but they don’t have a limit.
Will crypto go up or down is hard to say if they default. If they default then markets will go crazy and bring stocks down along with crypto. However since it shows how irresponsible the government was, then it might drive more people into Bitcoin and might go up.
Will crypto go up or down is hard to say if they default. If they default then markets will go crazy and bring stocks down along with crypto. However since it shows how irresponsible the government was, then it might drive more people into Bitcoin and might go up.
A US debt default could potentially have both positive and negative effects on the crypto market. On one hand, a default could lead to increased inflation and a weaker US dollar, which may drive investors towards alternative assets like crypto currencies. This could lead to increased demand for crypto currencies and potentially drive up their prices. Us debt default could also lead to a broader financial crisis and economic instability which could negatively impact all assets including crypto currencies. In such a scenario investors may look to liquidate their investments across all markets including crypto in order to cover up losses or to move into a safer assets. It is difficult to predict how a US debt default would specifically impact the crypto market.
There are talks among US politicians and economists about the country defaulting on its national debt. Congress usually approves raising the debt ceiling, so I don't see what's the issue here. But if somehow the US defaults, how would the crypto market react? Positively or negatively? The USD is the reserve currency of the world, so it's likely everything (stocks, crypto, etc) will crash alongside it.
What do you think? Is a US default good or bad for crypto in the short term? Your input will be greatly appreciated. Thank you.
What do you think? Is a US default good or bad for crypto in the short term? Your input will be greatly appreciated. Thank you.
The inflation and economic crisis in 2021 also caused the crypto market to wobble, and bitcoin was also hit hard. The US economy still plays a pivotal role in the world economy, and if they did indeed default, that would plunge the world economy into turmoil and be even worse than last year. So I think bitcoin is going to get worse, I don't see any positive impact on bitcoin in the short term. But again, I believe a US government default will never happen.
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