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    Author Topic: What will BTC do in event of US default on its debt?  (Read 286 times)
    bkelly13 (OP)
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    January 29, 2023, 05:42:26 AM
    Merited by philipma1957 (1)
     #1

    My limited knowledge leads me to believe that BTC is truly independent of the U.S. dollar, and of all the U.S. markets.  However, watching the value of BTC, and indeed pretty much all of the crypto currencies, it appears they are very strongly influenced by markets.

    Indeed, I often think that cryptos should move in opposition to U.S. markets and fiat currencies.  If something makes the market weak, resulting in a drop in values, the cryptos should hold their own and even go up.  Obviously my thoughts don’t reflect the real world.

    So,…, what do you think BTC, and cryptos in general, will do in the event of a U.S. government default? 
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