US gov’t debt downgraded — Enormous information for Bitcoin?

On this week’s episode of Macro Markets, Cointelegraph analyst and author Marcel Pechman explores america debt downgrade by Fitch Scores. In keeping with Pechman, this alteration signaled diminished confidence within the U.S. authorities’s means to deal with its fiscal tasks.

The downgrade nudged buyers right into a cautious stance, main many to maneuver their cash out of property reminiscent of shares, silver, oil and long-term bonds. As a substitute, they turned to money and short-term devices, that are perceived as safer choices in unsure occasions.

https://www.youtube.com/watch?v=YPkXLhfwJB8

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