Could cryptocurrency be facing its greatest challenge yet?
A debt default refers to a government’s inability to repay its debt obligations. This article will explore the potential impact of a US debt default on the cryptocurrency market. While a debt default is unlikely in the super-heated politics of America nothing is off the table. So, it is still important to understand the consequences of a default on the debt.
Debt Default Explained
A debt default occurs when the government is unable to pay its debt obligations. This can happen for a variety of reasons, including a lack of funds, political gridlock, or a decrease in investor confidence. In the event of a debt default, the government may choose to print more money, restructure its debt, or default altogether.
Source: https://beincrypto.com/impact-us-debt-default-on-crypto-market/