Bitcoin (BTC) Price Could Struggle on Resolution of U.S. Debt Limit

“This could be bad for bitcoin and gold, which in theory fall in price when yields are rising (high yield environments tend to not be great for assets that yield nothing),” she added. “What’s more, the issuance of more U.S. government debt would increase public spending, which would be good for the economy, further delaying the likelihood of rate cuts.”