Bitcoin a top-3 asset in the event of US debt default: Survey
Bitcoin would be a more popular safe haven than the U.S. dollar, the Japanese yen or the Swiss franc, according to a new survey. Major cryptocurrency Bitcoin (BTC) could become a top-three asset in the event of a theoretical debt default in the United States, according to a new survey. As U.S. President Joe Biden prepares to meet with Congress on May 16 to discuss the U.S. debt ceiling, investors are seeking hedges to protect their savings in the event of default. Gold, U.S. Treasury Bonds and Bitcoin would be the top three asset s, should the U.S. fail to raise its debt ceiling and default on its debt, data from Bloomberg's latest Markets Live Pulse survey suggests. The survey was conducted from May 8 to May 12, involving a total of 637 respondents including professional and retail investors. More than 50% of finance professionals would buy gold in case the U.S. government fails to avoid a debt default. U.S. Treasury Bonds would be the second-most popular asset in such a scenari...