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

On this week’s episode of Macro Markets, Cointelegraph analyst and author Marcel Pechman explores the USA debt downgrade by Fitch Rankings. In keeping with Pechman, this modification signaled diminished confidence within the U.S. authorities’s capability to deal with its fiscal duties.

The downgrade nudged traders right into a cautious stance, main many to maneuver their cash out of belongings resembling shares, silver, oil and long-term bonds. As an alternative, 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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