Bitcoin is a Safe Asset in Case of a US Debt Default - Survey
The Survey Insights This survey was carried out amidst suspicion of a looming debt default in the United States. It has become more obvious that the global market may be turned into a world of chaos and anguish. In the meantime, President Joe Biden is preparing to meet with Congress to discuss the situation. Also, investors are busy seeking protection and hiding places for their assets in the long run. advertisement Markedly, the Bloomberg’s latest Markets Live Pulse survey took place between Monday May 8th to Friday May 12th with 637 respondents encompassing professional and retail investors. Of all ‘safe havens’ that were listed BTC, gold and treasuries were top on the list, with gold leading. More than 50% of professional investors claimed that they will buy gold in the event that the U.S. government cannot avoid a debt default. Also in favor of gold, 45.7% retail investors indicated their intention. The next asset which investors showed inte...