‘All Bets Are Off’—Looming $31.4 Trillion Crypto Price Earthquake Could Be About To Hit Bitcoin And Ethereum

... [+]The bitcoin price could add $20,000, pushing it to around $50,000 per bitcoin, in the event of a U.S. debt default, according to Geoff Kendrick, head of foreign exchange research at Standard Chartered, wholesuch a"low-probability, high-impact event" could see the bitcoin price swing wildly and"it probably comes a bit lower on day one or day two or week."

U.S. Treasury secretary Janet Yellen wrote to congressional leaders this week, warning that the U.S. risks running out of money as soon as June 1—something that would rattle global markets and send shockwaves through the economy.

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