Investors trading on the prediction platform Kalshi are positioning themselves on the closure to last 21 days. The platform has over $2.5 million in predictions based on this scenario.
Goldman Sachs economists assess an 85% probability that the shutdown, which began on October 1, will last at least 10 days. Economists say that momentum toward reopening the government could increase around the military payday deadline of October 15. Economic data delayed due to the shutdown is expected to be released after that date.
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The White House warned that failure to reach an agreement would “lead to significant suffering.” It noted that hundreds of thousands of federal employees have been furloughed and will not receive their salaries on time. It also stated that the option of reducing tariffs is being discussed, but no official decision has yet been made.
The US government shutdown appears to have benefited Bitcoin the most. Since the shutdown began on October 1st, the price of BTC has risen by approximately 10%.
*This is not investment advice.
Continue Reading: How Much Longer Will the U.S. Government Shutdown , Which Benefited Bitcoin, Continue? Latest Forecasts Released
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Author: NixCoin
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