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What Does the Debt Limit Showdown Mean for Bitcoin?

A U.S. debt default could catapult the cryptocurrency onto the international stage.

By David Z. Morris
Updated Jun 14, 2024, 5:44 p.m. Published May 17, 2023, 4:00 p.m.
Political theatrics over the internecine debt ceiling debate on the U.S. Capitol Hill risks the international economy. Bitcoin could ascend as a global reserve and trade asset if the U.S. dollar loses status. (Strobridge Litho. Co., Cincinnati & New York/U.S. Library of Congress)
Political theatrics over the internecine debt ceiling debate on the U.S. Capitol Hill risks the international economy. Bitcoin could ascend as a global reserve and trade asset if the U.S. dollar loses status. (Strobridge Litho. Co., Cincinnati & New York/U.S. Library of Congress)