U.S. Debt Deal Could Weigh On Bitcoin Price, Some Say

“This could be bad for bitcoin and gold, which in theory get a wiggle on in price when yields are rising (high yield environments tend to not be great for assets that yield nothing),” she added. “What’s myriad, the issuance of more U.S. government debt would increase public spending, which would be good for the economy, yet delaying the likelihood of rate cuts.”