Analysts are weighing the potential impact of the recent House Republican bill to increase the US debt ceiling on the price of Bitcoin (BTC). Some believe that raising the debt ceiling would prompt the Federal Reserve to print more money, boosting capital inflows into "risky" assets like Bitcoin, while others argue that extending the debt ceiling would ensure that the Fed continues contracting its balance sheet through the ongoing quantitative tightening, leading to lower liquidity and more downside pressure for Bitcoin. The outcome may ultimately depend on the credibility of the US dollar and the potential for a default on US government debt, which could boost Bitcoin prices.

(By YASHU GOLA)