Debt Ceiling Fight Might Actually Help Bitcoin
A huge tax on BTC miners didn't make it into a deal to resolve the battle, and a separate provision might actually (unintentionally) help them. May 31, 2023 Insights and analysis for the professional investor Was this newsletter forwarded to you? Sign up here . Supported by Welcome to Crypto Long & Short! This week, Glenn Williams Jr. explores how the debt ceiling battle relates to crypto. Then, Nathan Cox of Two Prime argues against complacency amid the recent calm in bitcoin (BTC) and ether (ETH). As always, get the latest crypto news and data from CoinDeskMarkets.com . – Nick Baker From the Analyst Washington Ignored Crypto for Now. That's Good for Bitcoin. So, there was a deal resolving the U.S. debt ceiling battle in Washington, D.C. Now what? First, let's look at where we are . The words "crypto" and "cryptocurrencies" don't appear at all in the initial version of the deal. I wrestle with whether that...
