📉 Moody's finally took action and downgraded the US credit rating from AAA to Aa1. This is the first time in US history that it has been downgraded across all three major rating agencies. Too much debt, too large deficit, too slow reform, Moody's direct warning: By 2035, the US deficit may account for 9% of GDP, higher than it is now. Short term market response: US stock futures fell across the board US bond interest rates soar Gold jumps up, while the US dollar falls. I am keeping an eye on BTC and feel that the next wave of safe haven funds may be coming. After the downgrade of S&P in 2011, the US stock market first collapsed and then rose by 35%. This time, the world is slowly learning that the most trustworthy asset may not be a "country", but a "consensus". I am looking at BTC and waiting for a major leap in mindset. Wait for Da Bing to cooperate with a pullback and reach 90K+, then head straight to 12K! BTC