Menu

Moody’s Has Downgraded US Government – What Does It Mean For Bitcoin?

Avatar photo Sonny S. Watts 2 weeks ago

For the first time in more than a century, Moody’s downgraded the US government’s credit rating. The agency reduced its Aaa rating to Aa1, and this was a result of the country’s piling debt and the political deadlock. US Treasury yields increased, and equity and cryptocurrency prices fell right after the news got out. The […]

The post Moody’s Has Downgraded US Government – What Does It Mean For Bitcoin? appeared first on Coinchapter.

Written By

Sonny S. Watts is a Bitcoin miner and energy researcher, Sonny delves into the sustainability of Bitcoin mining, its energy consumption, and innovations in renewable-powered mining solutions.