us fiscal cliff helping btc go up at the moment.

[jubalix]

your thoughts

[thejaytiesto]

your thoughts

Just made a thread on this on the economics section. I think yes that is the case. The public perception is that anything that makes a government seem less robust will make the price of bitcoin go up, and "government shutdown" fears are always a nice bullish trigger for nation neutral assets. Gold went up $4 dollars in the past few hours lol.

[jjacob]

The US fiscal cliff has been a problem for a long time now. It even resulted in S&P downgrading USA from AAA, the first time in recent memory that a rating agency has taken a step. While Trump's tax cuts might result in the fiscal deficit going up even higher, I don't think anything has changed in the last few days and that the BTC rebound has been driven by the US fiscal cliff.

[alyssa85]

I don't think so. The Americans have had these budget disputes for what seems like forever, and the public just rolls their eyes each time, they've got so used to it.

In 2013, the govt was shut down for two weeks, and the country still managed to function (because the states and cities run so much of it).

[jertsy]

I don't think so. The Americans have had these budget disputes for what seems like forever, and the public just rolls their eyes each time, they've got so used to it.

In 2013, the govt was shut down for two weeks, and the country still managed to function (because the states and cities run so much of it).

Its happened before, and this shut down was anticipated. Any effect on Bitcoin would already have been priced in before it happened. Bitcoin's price recovery is nothing to do with the shut down.