Disclaimer:

Disclaimer: The blog posts and comments on this blog and posts on social networks are not investment recommendation, are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed on the blog are Petar Posledovich's. Petar Posledovich does not guarantee the accuracy of the information presented on this blog and social networks. The information presented is "as is". The blog is stocks analysis and valuation, Bitcoin, Cryptocurrencies, Artificial Intelligence, AI, deep-learning focused. Independent, unbiased AI insights. Petar Vladimirov Posledovich is not liable for any investment losses incurred by reading and interpreting blog posts on this blog and posts on social networks. Conflicts of interest: I may possess some of the securities, currencies or their derivatives mentioned in the blog post and posts on social networks! The blog is property of Wolfteam Ltd. www.wolfteamedge.com Respectfully yours, Petar Posledovich

Wednesday, May 31, 2023

Bitcoin And The Debt Ceiling


If there is a Debt Ceiling deal, Bitcoin's price could rise by a not small amount, along with technology stocks.

Markets do not like uncertainty and if there is agreement, assets considered as risky will rise, according to Wolfteam Ltd.

Most of the investors in Bitcoin are financiers and technologists and this is normal, since Bitcoin is fintech, basically. Financiers and technologists are not risk averse, so there is a significant probability that that kind of smart money will return to cryptocurrencies investing, if a Debt Ceiling agreement is reached.

Wolfteam Ltd.'s forecast is that an agreement regarding US government debt is reached.

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