US Credit Downgrade Sparks Safe-Haven Debate as Bitcoin and Gold Shine

A recent downgrade of the U.S.’s credit rating by Moody’s has sent shockwaves through the financial world, prompting investors to reconsider traditional assets. The move from AAA to AA1 reflects serious concerns about the country’s fiscal health, particularly concerning its ballooning national debt and rising interest costs. This economic uncertainty has fueled a search for safe haven assets, with Bitcoin and gold emerging as potential contenders.