Approximately 10% of US investors have expressed their intention to hedge their exposure to bitcoin amid fears of an all-American default, writes Bloomberg.
According to Bloomberg’s Markets Live Pulse survey, about 8% of professional investors and 11% of retail investors surveyed said they would be more willing to buy bitcoin than any other asset to protect their investment.
According to the survey, the first cryptocurrency in terms of capitalization entered the top three priority assets for hedging financial risks in the event of a default. The first place was given to gold. US Treasury bonds were second in preference to investors.
Bloomberg researchers are sure that bitcoin has become more popular in the eyes of investors due to the fact that, unlike fiat money, it does not have a central bank as an issuer, and a decentralized structure allows you to create a financial system that is different from the traditional one. At the same time, experts warn that the value of BTC comes from many attributes, including those based on investor confidence.
“As long as society believes in a paper money system, money will have value. Bitcoin is similar: an asset will have value as long as users believe in it,” the report says.
On Monday afternoon, May 15, the market value of bitcoin ranged from $27,000 to $27,400. Over the past day, BTC has added about 2% in value.
US senators re-pushed a bill that implies US government oversight of the adoption of BTC in El Salvador and an analysis of the risks of what is happening to the US.
Stay in touch! Subscribe to bitcoinlinux.com at Telegram.
