Fitch Downgrades US Government’s Debt Rating – Does This Boost Crypto’s Use-case?

Publikováno: 2.8.2023

#Features#Fitch#US debt rating#Downgrade#Bitcoin#btc#CRYPTO#Use-Case

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In a surprise move, global rating agency Fitch downgraded the US government’s credit rating from AAA to AA+ on Tuesday.
In a report released on its website, the ratings agency cited expected fiscal deterioration over the coming three years, a high and growing government debt burden and “erosion of governance… that has manifested in repeated debt limit standoffs and last-minute resolutions” as motivating the downgrade....
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