The U.S. government may shut down this weekend if Democrats and Republicans fail to reach an agreement on spending. Currently, lawmakers are considering a bill, but both chambers have reached an impasse.
If the bipartisan proposal aimed at preventing the shutdown doesn’t get approval by midnight on Saturday, the government will be forced to close its doors.
Coinshares analyst Luke Nolan believes that certain market participants are confident that the impending shutdown will serve as a bullish catalyst for Bitcoin and the entire crypto economy:
“The potential government shutdown is promising for cryptocurrencies as it directly reinforces the narrative that non-sovereign currencies are not impacted by government procedures,” explained Nolan.
