You may have seen the news lately about the US and its need to raise the debt ceiling in order to avoid a government shutdown. This is the HOTTEST topic being debated in Congress right now. There could be reverberating effects on markets across the world depending on what US leaders decide to do. But how can raising the debt ceiling affect the crypto markets? What will happen if the US decides not to raise the debt ceiling?
Today we’ll break down everything you need to know about the US debt ceiling. I’ll teach you about the history of the debt ceiling and what it could mean for all of us moving forward.
0:00 Intro
0:52 What exactly is the US debt?
2:01 Debt Ceiling
4:00 Debt in the near future
4:41 Raising the debt ceiling
5:40 Options and consequences
8:27 Trillion dollar coin
9:09 What does it mean for crypto?
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