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#GoldBreaks$5,500 🚨BREAKING:
U.S. SENATE JUST REJECTED A GOVERNMENT FUNDING BILL, 45-55, MEANS ANOTHER SHUTDOWN IS NOW JUST 2 DAYS AWAY
LAST TIME IT ACTUALLY BOOSTED CRYPTO
THAT'S WHY EVERYONE THINKS IT'S BULLISH
BUT IN REALITY?
Government shutdown means that Congress failed to pass a funding bill and federal agencies lose legal authority to spend
This will have a more negative impact on already weakened dollar, with weakened labor and growth data
While short-term it might cause some bullish sentiment, mid-long term it means:
- Even lower confidence in governance
- USD weakens gradually
- Data and Market Uncertainty
The market already started to price that with a sharp dump and I think BTC might visit <$80K zone
It might be one more boost for a collapse in the future
Remember that I'll post more warnings before it actually happens. I warned about BTC dump back in Dec, while everyone dreamed about $100k