The Tell: Bitcoin might benefit from U.S. debt ceiling concerns, analysts say


The uncertainty around whether the U.S. will raise its debt ceiling before it is hit in coming months has started to rattle some financial markets as it did in 2011, but it might provide a bullish case for bitcoin, according to analysts at crypto investment company NYDIG.

The deadline to raise the U.S. debt ceiling, or the amount of money the U.S. government is authorized to borrow, is approaching faster than expected, according to analysts at Goldman Sachs. It could arrive as early as June, according to the analysts. 

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