The U.S. government shutdown for 20 days set a record, but Bitcoin rose against the trend by 4.28%.

The political deadlock is unfolding in Washington, while Bitcoin has shown remarkable resilience amidst the chaos.
As of October 20, the partial shutdown of the U.S. federal government has lasted a full 20 days, and analysts predict that this shutdown may extend into November, potentially breaking the historical record of 35 days set during the Trump administration. Approximately 900,000 federal employees are affected, infrastructure projects have been forced to pause, the release of economic data has been delayed, and the overall functioning of the U.S. economy has been disrupted.
However, under this cloud of uncertainty, the Bitcoin price recorded a rise of 4.28%, stabilizing at a trading price above $111,326, with a total market value reaching $2.22 trillion.
This contrast is thought-provoking. Traditional views suggest that a government shutdown would exacerbate market panic, leading to a decline in risk assets. However, Bitcoin's performance seems to be telling another story: when cracks appear in the traditional financial system, decentralized digital currencies become a safe haven. Investors may be reassessing Bitcoin's value proposition as "digital gold." Against the backdrop of government dysfunction, a currency system not controlled by a single government appears particularly attractive. Of course, the market's optimism may also stem from expectations of interest rate cuts by the Federal Reserve, as loose monetary policy has historically favored risk assets. #加密市场观察