What Happens to Bitcoin and Ethereum If the US Defaults on Its Debt? (2024)

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e=r.searchBoxForm.querySelector("[name=fr]"),n=r.searchBoxForm.querySelector("[name=fr2]");e&&r.config.searchBox&&r.config.searchBox.params&&r.config.searchBox.params.fr&&(e.value=i.searchBox.params.fr,e.disabled=!1),n&&r.config.searchBox&&r.config.searchBox.params&&r.config.searchBox.params.fr2&&(n.value=i.searchBox.params.fr2,n.disabled=!1),r.searchBoxForm.submit()}}),1e3)},r.recognition.onspeechstart=function(){},r.recognition.onspeechend=function(){r.recognition.stop()},r.recognition.onerror=function(){r.speechText&&(r.speechText.innerText=r.i18n.t("search.voice.recognition_error")),r.hideTrending(r),r.showRetryLink(r),r.errorAudio.play()},r.recognition.onaudiostart=function(){r.speechButtonContainer&&r.speechButtonContainer.classList.add("listening")},r.recognition.onaudioend=function(){r.speechButtonContainer&&r.speechButtonContainer.classList.remove("listening")},r.recognition.onsoundstart=function(){r.hideTrending(r),r.noSpeech=!1,r.speechButtonContainer&&(r.speechButtonContainer.classList.remove("listening"),r.speechButtonContainer.classList.add("speaking"))},r.recognition.onsoundend=function(){r.speechButtonContainer&&r.speechButtonContainer.classList.remove("speaking")},r.recognition.onstart=function(){r.recognitionInit(r),r.startRecognition(r)},r.recognition.onend=function(){r.isRecognitionStart=!1,0==r.noSpeech&&""==r.speechResult&&(r.speechText&&(r.speechText.innerText=r.i18n.t("search.voice.recognition_nomatch")),r.hideTrending(r),r.showRetryLink(r),r.errorAudio.play())},document&&document.dispatchEvent&&document.dispatchEvent(new Event("VOICE_JS_READY"))}}o.I18n=m,o.prototype.renderPermissionGuide=function(e){var n='\n

    \n

    \n

    \n

    \n

    \n

    \n

    \n

    '.concat(e.i18n.t("search.voice.permission_title"),'

    \n

    ').concat(e.i18n.t("search.voice.permission_text"),"

    \n

    \n

    \n

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    \n

    \n

    \n

    \n

    \n

    \n \n \n \n \n \n \n

    \n

    \n

    \n \n \n '.concat(e.i18n.t("search.voice.recognition_retry"),'\n

    \n

    \n

    \n

    \n

    \n

    \n ').concat(e.i18n.t("search.voice.trending_title"),'\n \n

    \n

    \n

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e)&&("SpeechGrammarList"in e||"webkitSpeechGrammarList"in e)}}],d=0;d0){var n=e.speechResult.charAt(e.speechResult.length-1);"."!==n&&"?"!==n&&"。"!==n&&"?"!==n||(e.speechResult=e.speechResult.slice(0,-1))}},o.prototype.sendBeacon=function(n,t){var o=e.YAHOO.ULT||{},i=e.YAHOO.SB||{};if(o.beacon_click){var r={_S:i.config.i13n.spaceid,_I:i.config.i13n.pvid,actn:n,sec:"search",slk:t};e.YAHOO.ULT.beacon_click(r)}},o.prototype.ajaxReq=function(t,o){var i,r,a=XMLHttpRequest.DONE||4,s=new XMLHttpRequest;if(n.documentMode&&n.documentMode<10)return(new e.XDomainRequest).onload=function(){try{r=JSON.parse(i),o(r)}catch(e){return}},s.open("GET",t),void s.send();s.onreadystatechange=function(){if(s.readyState===a)if(200===s.status){i=s.responseText;try{r=JSON.parse(i),o(r)}catch(e){return}}else o(r)},s.open("GET",t,!0),s.timeout=1e4,s.send()},e.YAHOO||(e.YAHOO={}),e.YAHOO.Util||(e.YAHOO.Util={}),e.YAHOO.Util.VoiceSearch=o}(window,document)}();var Wn={containerClass:Un.tooltip,textClass:Un.tooltip__text,showClass:Un["tooltip--show"]},Jn=["zh-hant-tw","zh-hant-hk"];ye("ybar-mod-searchbox",(function(e){var n={ybar:document.getElementById("ybar"),searchInput:document.getElementById("ybar-sbq"),buttonBar:document.querySelector(".".concat(Un["sa-btn-bar"])),voiceSearchBtn:document.getElementById("ybar-sbq-voice"),searchForm:document.getElementById("ybar-sf"),searchBoxIcon:document.querySelector(".".concat(Un["searchbox-icon-uh3"])),searchBoxPlaceholder:document.getElementById("ybar-smartphone-searchbox-placeholder"),searchBoxBackButton:document.getElementById("ybar-search-back-btn"),shopsButtonsWrap:document.querySelector(".".concat(Un["shops-buttons"])),categorySelect:document.getElementById("shops-category-select"),selectedMerchantInput:document.getElementById("selected-merchant-input"),selectedMerchantClearButton:document.querySelector(".".concat(Un["selected-merchant-clear-button"])),submitSearchBtn:document.getElementById("ybar-search"),clearSearchBtn:document.getElementById("ybar-sbq-x")};!function(e,n){var t,o,i,r=e.getConfig();if(n.ybar&&"desktop"===r.device&&(null===(t=r.bucketConfig)||void 0===t?void 0:t.highlight_searchassist)&&(null===(o=r.bucketConfig)||void 0===o?void 0:o.overlay_class)){n.ybar.setAttribute("data-ovrly-bkt",r.bucketConfig.overlay_class),null===(i=n.searchForm)||void 0===i||i.classList.add(Un[r.bucketConfig.overlay_class]);var a=document.createElement("div");a.classList.add(Un.overlay,Un[r.bucketConfig.overlay_class]),document.body.appendChild(a),e.onDestroy((function(){document.body.removeChild(a)})),e.addElementListener(n.searchForm,"focusout",(function(e){if(n.searchForm&&n.searchInput){var t=e.relatedTarget;t&&!n.searchForm.contains(t)&&window.YAHOO.SA&&window.YAHOO.SA.apps&&window.YAHOO.SA.apps[0]&&window.YAHOO.SA.apps[0].view.shown&&window.YAHOO.SA.apps[0].view.hide()}}))}}(e,n),zn(e,n),n.voiceSearchBtn&&function(e,n){var t=e.getConfig(),o=t.locale,i=function(){var e,t;(null===(t=null===(e=window.YAHOO)||void 0===e?void 0:e.Util)||void 0===t?void 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    What Happens to Bitcoin and Ethereum If the US Defaults on Its Debt? (2024)

    FAQs

    What happens to Bitcoin if the US defaults on debt? ›

    If U.S. defaults on debt Bitcoin could rise nearly 70%, says Standard Chartered analyst. Bitcoin bulls have had a relatively good year so far after a disastrous 2022. Bitcoin bulls have had a good year so far. If the U.S. defaults on its debt, it could get even better, at least in terms of their Bitcoin investment.

    Can ethereum catch up to Bitcoin? ›

    An “all in” ether investor would also suggest that ether will dethrone bitcoin in the future, and if bitcoin were to get over $100,000 that could mean $25,000 a token for ether. I'm not in the camp of wild ether enthusiasts but you can understand the reasoning, however optimistic that might be.

    Why has Bitcoin and Ethereum dropped? ›

    Economic realities and cryptocurrencies

    The reason crypto dropped as much as it did last week was the relatively weak economic data that permeated the market. Jobs data was weaker than expected, and factory orders also indicated the economy could be in contraction mode.

    Why is ethereum less valuable than Bitcoin? ›

    Bitcoin and Ethereum are example of cryptocurrencies that have risen in popularity. Bitcoin's value rests mostly on its status as the first cryptocurrency and as an alternative to fiat currency, while Ethereum (Ether) offers more utilitarian value through its ecosystem of decentralized apps.

    Can the US government confiscate Bitcoin? ›

    Criminal Forfeiture

    Bitcoin can also be taken by the government through a process called forfeiture. Forfeiture is the permanent loss of that bitcoin by way of court order or judgment. Seizure may occur before forfeiture and not all seizures will result in forfeiture.

    Can the IRS seize your Bitcoin? ›

    The notice below states crypto is to be viewed as property and not currency for tax purposes. Thus, the IRS can seize crypto assets to settle unpaid taxes.

    What will $100 of Bitcoin be worth in 2030? ›

    If this pattern continues into 2030, the price could peak around 2029 or 2030, potentially aligning with Wood's price prediction. If Wood is correct and Bitcoin reaches $3.8 million, a $100 investment in Bitcoin today would be worth $5,510 in 2030. This translates to a compounded annual growth rate (CAGR) of over 95%.

    How much will 1 Bitcoin be worth in 2025? ›

    Bitcoin Price Prediction Table
    YearAverage Price*Percent Increase
    2024$64,784.06-%
    2025$88,862.1037.50%
    2026$125,935.2342.05%
    2027$183,299.4246.40%
    8 more rows

    Is it better to hold Bitcoin or Ethereum? ›

    The answer to the question of which cryptocurrency is better in the choice between Bitcoin vs. Ethereum, it depends entirely on your requirements. While Bitcoin works better as a peer-to-peer transaction system, Ethereum works well when you need to create and build distributed applications and smart contracts.

    What is causing Ethereum to fall? ›

    The primary reason for the declining ether price since the launch is the legacy Grayscale Ethereum Trust (ETHE). It held roughly $10 billion worth of ether before its conversion to an ETF, and in the week since its conversion has seen outflows of more than $1.8 billion, according to Farside Investors.

    Why is Ethereum price crashing? ›

    The crypto market is in a significant surrendering phase, with Ethereum and Bitcoin experiencing sharp declines. The key market factors include political uncertainty, geopolitical tensions, economic data, and ETF performance.

    Will Ethereum outgrow Bitcoin? ›

    And while past performance doesn't guarantee future results, ether has shown it can perform better than bitcoin during crypto uptrends. So as the market grows, it stands to reason that ether could eventually overtake bitcoin in market size.

    How much will 1 Ethereum be worth in 2030? ›

    Ethereum (ETH) Price Prediction Table
    YearAverage Price*Percent Increase
    2027$7,749.1740.00%
    2028$11,520.3357.14%
    2029$17,279.3854.55%
    2030$25,620.5447.06%
    8 more rows

    Should I invest in Ethereum right now? ›

    Ethereum might be an appropriate investment for short-term market speculators and traders who have a high risk tolerance and are looking for an extremely volatile asset. But it has an unproven long-term track record compared to assets such as gold, stocks and bonds.

    Which coin is the next Bitcoin? ›

    Which coin is the next big thing? EarthMeta (EMT) is widely seen as the next big thing in the crypto space. Its innovative focus on digital real estate within the metaverse, combined with a model that emphasizes scarcity and value, sets it apart from other projects.

    Does the US government control Bitcoin? ›

    The Securities and Exchange Commission regulates assets it determines to be securities. It doesn't yet regulate Bitcoin, but it is regulating investments or derivatives related to Bitcoin.

    Can debt collectors take your crypto? ›

    FAQs About Cryptocurrency

    Yes in some circ*mstances. A debt collector with a monetary judgment can garnish a U.S. company that holds bitcoin for the benefit of a U.S. judgment debtor.

    What happens to money market funds if US defaults? ›

    If the security accounts for 0.5 percent or more of the fund's portfolio, the fund also must report the default to the SEC. In addition, the US government's failure to pay its obligations could trigger a severe downgrade of its short-term credit rating by NRSROs.

    Will Bitcoin be affected by recession? ›

    While some experts argue that they always see bitcoin and crypto as a hedge, they also concede that these assets take a beating when there's a downturn in the market — just as happened earlier this month.

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