At Polymarket, a decentralized betting platform, users are betting primarily on a quick resolution of partial US government shutdowns, with 69% of the amount of money earning money by predicting business reopening in 15 days.
This expectation reflects the confidence that Congress will achieve the budget agreement before the economic impact deteriorates.
Meanwhile, 23% of BET suggest that the suspension will be extended from October 10th to 14th.Or show some attention among participants about the ability of lawmakers to negotiate quickly..
Similarly, between October 6th and 9th, 8% were bet on previous reopenings, indicating an optimistic minority awaiting an almost immediate solution, including observing on the next image.
Most relevant historical precedents The 35-day closure between December 2018 and January 2019.on Donald Trump’s first mission.
The current closure began on October 1st due to no agreement between Congressional Democrats and Republicans. Democrats tried to maintain health subsidies, but Republicans opposed and opposed spending levels, preventing the budget from being approved by September 30th.
As a result, Non-essential agencies suspend operations and affect thousands of civil servantsCritical services such as Medicare, Defense, and the Army continue to function with previously allocated funds, as reported by encryption.
In this context, uncertainty has driven investors towards assets such as Bitcoin (BTC). Before closing on September 30th, the currency was estimated at $111,000. After paralysis, its price rose to $119,000 on October 1, and today, October 5, reached a new historic maximum, driven by the investment flow of BTC ETFs.
As the majority suggests, if the closure is extended for 15 days, Bitcoin prices could continue to rise. Long-term uncertainty tends to enhance the appeal of assets such as Bitcoin, which are perceived as safe shelters. They face political and economic instability. However, investors can return to traditional assets, and faster closing resolution could alleviate this bullish impulse.
(tagstotranslate)bitcoin(btc)
