Bitcoin Could Become Third Most Sought-After Asset in Event of US Debt Default: Bloomberg Survey

05/15 17:25

According to Bloomberg News’ latest MLIV Pulse survey, Bitcoin (BTC) could become the third most sought-after asset in the world if the U.S. defaults on its debt. The survey revealed that professional and retail investors rank gold, treasuries, and Bitcoin as the top three assets to purchase as a hedge against the hypothetical debt default scenario, respectively. Despite gold being historically the most popular hedge, more than 50% of the 637 respondents intend to buy real gold if the U.S. defaults, making it an expensive hedge. The U.S. is fast approaching its debt ceiling and could potentially run out of cash to continue making its debt payments.

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