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June 1, 2023
The debt ceiling has been raised by the House, but Larry Fink suggests that trust in the US dollar is diminishing, potentially benefiting Bitcoin.
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On Wednesday (US time - Thursday AU time), the U.S. House of Representatives, divided along party lines, approved a bill to temporarily suspend the $31.4 trillion debt ceiling. The legislation received majority support from both Democrats and Republicans, enabling them to overcome opposition from hard-line conservatives and prevent a disastrous default.
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