Non-essential services stop đ«
- Many government workers donât get paid đž
- Essential services like military, airports, and security continue to operate đš
*Impact on Crypto:* đ
- Uncertainty shakes markets, causing volatility đ
- Investors might go risk-off, selling risky assets like crypto and moving to safer assets like cash or gold đ°
- Bitcoin might be seen as an alternative due to US system dysfunction, strengthening its narrative as an independent asset đĄ
*Short-Term and Long-Term Effects:* đ
- Short-term: Volatility possible due to market uncertainty đ„
- Long-term: Bitcoin's narrative as an independent asset from governments gets stronger đ
*Key Dates:* đ
- Decision day is tomorrow (Wednesday), and if no deal is reached, a shutdown might occur â°
*Market Impact:* đ
- Crypto markets have already felt the impact, experiencing sharp selloffs amid growing uncertainty đ
- Bitcoin and other cryptos might see significant price swings due to delayed economic data and uncertainty around Federal Reserve decisions đ
*Prediction Markets:* đ
- Prediction markets show a high chance of shutdown occurring before year-end, with over $1.2 million wagered on the outcome đ€
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