Bitcoin, Gold, Silver Rally On US Government Shutdown Fears

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By byrn
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Bitcoin, gold, and silver are rallying as fears of a US government shutdown intensify.

US government funding is set to expire today, so the shutdown could start at midnight unless a deal is reached. So far, negotiations between the White House and Congress have failed to produce an agreement.

House Republicans have approved a stopgap measure to extend funding through Nov. 21, but Senate Democrats have resisted it. 

With the deadline approaching and no deals in sight, the White House’s Office of Management and Budget (OMB) has reportedly instructed agencies to prepare for mass firings rather than just temporary furloughs. 

Bitcoin, Gold And Silver Rally 

As the market braces for a likely shutdown, investors are retreating to safe haven assets such as Bitcoin, gold and silver, causing their prices to rally in the last 24 hours. 

Bitcoin, which tumbled below $109K on Friday, is trading up almost 1% in the past 24 hours at $113,017.50 as of 5:44 a.m. EST, according to CoinMarketCap.

BTC priceBTC price

BTC price (Source: CoinMarketCap

Gold hit a new all-time high (ATH) of $3,871.73 during today’s trading session, according to TradingView data, the 39th time it’s hit a new record price in 2025. 

Silver continued its bullish trend with the commodity’s value up over 6% in 7 days, TradingView data shows.

Rich Dad Poor Dad Author Says Buy Silver

Robert Kiyosaki, the author of the global best-selling self-help finance book Rich Dad Poor Dad, recently took to X to share what he will be buying to grow his capital.

While investors have often turned to gold and Bitcoin as hedges against uncertainty and inflation, Kiyosaki says that silver could deliver bigger gains in the next year. 

In the post to his 2.8 million followers, Kiyosaki said that $100 would be best invested in silver. He went on to say that the commodity “is about to explode.” 

“I predict your $100 in silver will be $500 in a year,” he said. “I am buying more tomorrow,” the author added. 

How Bad Might A Shutdown Be?

According to a Reuters report, failure to reach a resolution could lead to approximately 41% of the Department of Health and Human Services (HSS) being temporarily discharged until the budget issue is resolved. 

The NIH could also end up furloughing 75% of its staff, and the CDC could temporarily lay off 64% of its workforce, according to the report. 

If there is a shutdown, it would trigger a data blackout as well. 

That means that the release of key economic reports such as US jobs and Consumer Price Index (CPI) will be delayed. This could also postpone policy inputs from the Federal Reserve (Fed) and potential interest rate cuts.

Regulatory agencies such as the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) would also operate with reduced staff. This could delay initial public offerings (IPOs) and reviews of crypto ETFs (exchange-traded funds).

Polymarket users are growing more confident that there will be a US government shutdown. Odds of a shutdown by Oct. 1 have risen 25% and now stand at 79%. 

polymarket odds of a government shutdownpolymarket odds of a government shutdown

Odds of a US government shutdown (Source: Polymarket)

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