US Debt Crisis Threatens Markets, Bitcoin Sees Potential as Hedge

The US faces a growing threat of economic turmoil due to the unresolved debt ceiling crisis. Treasury Secretary Janet Yellen warns that inaction poses a significant risk to the nation’s creditworthiness, even comparing it to the 2008 financial crisis. The potential for default is causing market instability as investors anticipate changes in U.S. fiscal policy. While uncertainty grows, cryptocurrencies like Bitcoin have seen interest surge as some see them as potential haven assets during this volatility.