The post Bitcoin a TOP Three Asset in US Default as per Survey appeared first on Coinpedia Fintech News
A new survey suggests that Bitcoin may become a top-three asset if the US defaults on its debt. President Biden is set to meet with Congress on May 16 to discuss the debt ceiling, and investors are seeking protection against default.
According to a Bloomberg survey of 637 participants, including investors, gold, treasuries, and BTC are listed as the top assets in the US. The survey shows that 50% of financial professionals would buy gold in the event of a US government default, with US treasuries coming in second and Bitcoin third for retail investors. A debt limit increase is seen as crucial to avoiding a US default.
Source: https://coinpedia.org/crypto-live-news/bitcoin-a-top-three-asset-in-us-default-as-per-survey/