U.S. economic growth projections are getting downgraded, and here's what's driving it: immigration policies and the aging population are both putting pressure on the growth outlook, according to recent assessments from budget officials.

The numbers tell a sobering story. Tighter immigration policies are reducing labor force expansion—fewer new workers means less productivity growth and lower economic expansion potential. At the same time, an aging population shifts more resources toward healthcare and retirement spending, which crowds out productive investment.

For crypto investors, this matters because macro conditions shape risk appetite and capital flows. Slower GDP growth typically means tighter monetary conditions, different interest rate trajectories, and shifts in how institutional capital gets allocated across asset classes. When growth forecasts decline, investors tend to reassess their entire portfolio positioning—and that includes digital assets.

The policy-driven slowdown we're seeing could have ripple effects across financial markets. Whether this leads to more or less crypto adoption probably depends on how central banks respond to the growth slowdown.