- Yes it is bad, but there have been plenty of larger scale hardships in the past decade. - No it will not set back Bitcoin years - The US dollar is used for much more crime than Bitcoin ever has been - The financial world is collapsing in front of our eyes. The US dollar is inflating 8-12% every year, and the federal government wants to raise the debt ceiling even further. If you haven't realized how Bitcoin saves you from this by this point there's no point in trying to convince you otherwise.