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Why Governments HATE Cryptocurrency (Finance Explained)It may seem like something that doesn't affect the real world, but did you know that over 60% of crypto investments are funded by conventional borrowing? �The markets are willing to buy government assets and if the government were to issue more debt it would be snapped up very quickly." Read. A U.S. debt default would dramatically reshape the global financial system, in ways that would be likely to increase bitcoin's role as global.
