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What Happens to Bitcoin and Ethereum if the US Defaults?

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What Happens to Bitcoin and Ethereum If the US Defaults on Its Debt? The U.S. has never defaulted before. Interestingly, Bitcoin and Ethereum have seen more losses than stocks after a warning from Janet Yellen. By André Beganski May 25, 2023 5 min read The United States is barreling toward a date that could have historic consequences for global markets, running the risk of its first-ever debt default. It’s a potential black swan event that could have an outsized impact on Bitcoin, Ethereum, and the rest of the crypto market. U.S. Treasury Secretary Janet Yellen warned weeks ago that the government would soon…

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