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<ul class="news-points"> 
 <li>CryptoBusy explained that a US government shutdown could have a positive effect on Bitcoin.</li> 
 <li>The educator said that investors will turn to Bitcoin as protection against inflation.</li> 
 <li>The news about the US government shutdown pushed Bitcoin’s price up by 2%.</li> 
</ul> 
In a recent tweet, crypto educator CryptoBusy explained how a US government shutdown will push investors toward <a href="https://coinedition.com/what-is-bitcoin-everything-you-need-to-know/">Bitcoin</a> “as a hedge against economic uncertainty.” 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> Nov 17 is the new deadline for a US Government shutdown. Why is it positive for <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Bitcoin</a> ? – Safe haven asset: Investors may turn to <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#BTC</a> as a hedge against economic uncertainty and inflation during a shutdown. – Reduced Regulation: With government agencies temporarily… <a href="https://t.co/at7pLAPfCm" target="_blank" rel="nofollow">pic.twitter.com/at7pLAPfCm</a>— CryptoBusy (@CryptoBusy) <a href="https://twitter.com/CryptoBusy/status/1711687058358505815?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 10, 2023</a>
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The BBC reported how the US government prevented a federal shutdown by reaching an agreement on a short-term funding deal on October 1. US President Joe Biden signed the bill into law, ensuring funding until November 17. 
The Twitter influencer shared that during a government shutdown, investors might view BTC as a “safe haven asset” against inflation. Moreover, amidst the temporary inactivity of gove…
The post <a rel="nofollow" href="https://coinedition.com/btc-to-serve-as-safe-haven-asset-during-us-government-shutdown/">BTC To Serve as ‘Safe Haven Asset’ During U.S Government Shutdown</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

BTC To Serve as ‘Safe Haven Asset’ During U.S Government Shutdown

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