There may be an in-between scenario where the U.S. defaults on its debt briefly, but financial markets remain calm, with investors assuming that the debt limit will be raised eventually, said Steven Kelly, a research associate at the Yale Program on Financial Stability, an initiative focused on understanding financial crises. It’s unclear how long a default would have to occur before investors lose their nerve, Kelly added.
Standoff Over $28T of US Government Debt Could Rattle Bitcoin Market — CoinDesk
