Could a Bitcoin bull run be triggered by Fitch’s US credit rating downgrade?

Notably, only Fitch and S&P have marked U.S. debt as AA+, while Moodys still holds it at AAA with a steady outlook.Interestingly, the expense of insuring U.S. sovereign financial obligation against default, as suggested by credit default swaps (CDS), has largely stayed steady post-downgrade, an unexpected advancement in the face of such considerable news.U.S. Source: World Government BondsThis monetary instrument protects against the risk of default on debt, working similar to an insurance coverage policy, where investors pay a premium to get compensation if the provider of the financial obligation (in this case, the U.S. federal government)defaults.This stability suggested that financiers were not panicking about the immediate impact of the downgrade. A prospective reason is that the U.S. Treasuries are thought about one of the most safe investments worldwide since they are backed by the U.S. federal government.

Significantly, only Fitch and S&P have actually marked U.S. debt as AA+, while Moodys still holds it at AAA with a stable outlook.Interestingly, the expense of guaranteeing U.S. sovereign financial obligation against default, as indicated by credit default swaps (CDS), has largely stayed steady post-downgrade, an unexpected advancement in the face of such substantial news.U.S. Source: World Government BondsThis monetary instrument safeguards versus the risk of default on financial obligation, working comparable to an insurance coverage policy, where investors pay a premium to receive settlement if the provider of the debt (in this case, the U.S. government)defaults.This stability showed that investors were not panicking about the instant impact of the downgrade. A possible factor is that the U.S. Treasuries are considered one of the most safe financial investments worldwide since they are backed by the U.S. government. Bitcoin might not right away flourish from the U.S. federal governments financial obligation profile downgrade.