Could the rise in Debt Ceiling be a catalyst for the Crypto Market?

What is happening with the US Debt Ceiling?

The debt ceiling is the US government’s self-imposed limit on how much money it can borrow. The limit was first introduced in 1917, and has been raised a number of times since then. As time has passed, however, the debt ceiling has become a traditional political issue.

Source: https://www.wsj.com/articles/national-debt-ceiling-limit-reduce-federal-deficit-budget-reform-act-1974-hensarling-11632166030

Could this issue stimulate the Crypto Market?

The Crypto Space has always been viewed as an escape from the Traditional Banking System due to its decentralized technology which provides less of a connection to the economy. People viewed this growing industry not only as a future investment but also a safe haven from troubled times in the economy.

Source: https://www.independent.co.uk/news/business/news/digital-currency-bitcoin-wont-replace-paper-money-bank-japan-finance-banking-technology-a8069491.html

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Nagaya Technologies

Nagaya Technologies

NAGAYA (NGY) is a Gold-Backed Cryptocurrency with Subsidiary Projects. We aim to build Trust and Value through LEGALITY and TRANSPARENCY. https://nagaya.co/