The impending debt ceiling of doom!

With Janet Yellen virtually in the news everyday talking about the government going to default very soon unless big things change, how do you think this is going to affect the crypto market if it does default?

Do you think it’ll go up as the dollar will most likely drop?

Or do you think everything in every market will crash as this would be a huge black swan?

Or maybe something else entirely?

Full disclosure, I honestly don’t think that the government will default.

I actually think there is probably a 0.00000000001% chance so much so that I would attach the Jim Carey Dumb and Dumber “soo you’re telling me there’s chance” meme with this post if it wasn’t such a played out meme.

I think it’s political theatre (and news needed to fill a 24hr news cycle) as always and both sides will reach an agreement in the last minute as always (or there will be a trillion dollar coin solution etc) as … let’s face it; who in power who wants their money to become worth less?

Not necessarily worthless but worth less!

I mean, if banks get bailed out and are too big to fail does anyone really think the government would deliberately let a default happen when that would be catastrophically worse?

Anyway…

On the off chance that it might happen (as nothing is impossible and the news thinks there is a big chance that it will!) what do you think would happen to the crypto market IF the government defaults and why?

Thoughts?