Debt Statement from the US Treasury Secretary! How It Can Affect Bitcoin (BTC)!

US Treasury Secretary Janet Yellengovernment last week on January 19 legal debt limit $31.4 trillion He had warned that he would come.

Crypto Analysts Risk Bias as US Debt Ceil Approaches

Experts state that the extraordinary measures that the Treasury promised to implement after reaching the debt limit will ease financial conditions and keep risky assets stable. The government will hit the debt limit on Thursday.

When viewed, we are talking about the government of the world’s largest economy, which has the deepest financial markets and controls the supply of the global reserve currency, the dollar, reaching the limit of how much debt it can borrow to finance its activities.

However, this is not the time to panic, as the shutdown will not happen immediately.

Treasury Secretary Janet Yellen said her agency would implement “extraordinary measures” to extend the time available to reach an agreement before a shutdown is required.

According to analysts, these measures could bode well for risky assets, including cryptocurrencies.

Popular “Crypto Is Macro Now” newsletter author Noelle Acheson “Low returns mean an easier monetary environment, which is good for risky assets,” he said in an interview.

The men to be appointed by the FED, which is thought to slow down relatively in interest rate hikes in the coming period, are also very important. The upcoming decisions of the authorities, who displayed a hawkish attitude in the latest FED minutes, will also deeply affect the crypto money market.

*Not investment advice.