According to The Kobeissi Letter, the US Congressional Budget Office warns that the US Treasury could face default as early as August 2025 if the debt ceiling is not increased. This development poses significant risks for financial markets, potentially impacting the trading strategies of cryptocurrency investors who are sensitive to macroeconomic shifts.

According to The Kobeissi Letter, the US Congressional Budget Office (CBO) has warned that the US Treasury could face default as soon as August 2025 if the debt ceiling is not increased. This situation could significantly impact financial markets, particularly affecting US Treasury bonds and potentially causing volatility in the cryptocurrency markets as investors seek safe-haven assets.