Bitcoin's Potential Rally: Historical Precedent After US Government Shutdowns
Bitcoin's Potential Rally: Historical Precedent After US Government Shutdowns
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This article explores Bitcoin's historical performance following US government shutdowns, notably a 290% price surge in 2019 after the previous major shutdown. It speculates on whether a similar upward trend could occur for BTC as Washington reopens after the latest shutdown.
Bitcoin rose 290% in the five months after the end of the last major US government shutdown. That 2019 move, from roughly $3,500 in late January to nearly $14,000 by June, now circulates as a template for what comes next. The Senate advanced a deal to end the current 40-day shutdown, the longest on record, […]