Moody's hints at possible US credit rating downgrade after presidential election; Bitcoin demand on the rise

Moody's, a major US rating agency, has warned that it may downgrade the US sovereign rating after the 2024 US presidential election.
Such news has caused a big stir among global investors, especially in the cryptocurrency market, as it is said that Bitcoin may receive new momentum.
The news was sparked by VanEck, an investment management company that issues Bitcoin spot ETFs, mentioning the possibility of a rating adjustment from Moody's.
VanEck said, "Moody's downgrade could have a positive impact on Bitcoin investments." This is because the downgrade of the credit rating could lead to a decline in the value of the U.S. dollar.
If the reliability of cryptocurrencies declines, investors may be interested in cryptocurrencies as an alternative. The US economy has been plagued by budget deficits and national debt problems in recent years. If Moody's were to actually
If the rating were to be downgraded, this would further highlight the uncertainty in the U.S. economy and potentially spark demand for alternative assets such as Bitcoin.
Experts said, "Moody's rating adjustment will be an important signal to the global economy," and "financial market volatility may increase after the 2024 presidential election."
"We expect the number of cases to increase in the future," he said.