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

Sunday, April 30, 2023

Bitcoin And The Debt Ceiling


 

If the US Federal government encounters difficulties in raising the debt ceiling, Bitcoin's price could climb above 35 000 USD.

Which would be an interesting development, since Bitcoin is considered a risky asset.

Every miscalculated move by the US government and the Federal Reserve on fiscal and monetary policy contributes to the debasement of the United States Dollar as a global reserve currency. The printed more than 10 trillion USD by leading global central banks does not help anchor USD's value, either.

Money creation, not very correct decisions and high inflation all contribute to upside pressure on Bitcoin's intrinsic value and ultimately price.

 

Disclaimer: The blog post above is not a recommendation to buy or sell securities, derivatives or cryptocurrencies.

www.wolfteamedge.com

 


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