A roughly 10% of U.S. investors have expressed their intention to hedge their bitcoin risk amid fears of an all-American default, Bloomberg writes.
About 8% of professional investors surveyed and 11% of retail investors said they would be more willing to buy bitcoins than any other asset to protect their investments, according to a Markets Live Pulse survey conducted by Bloomberg.
According to the survey, the first by capitalization cryptocurrency was one of three priority assets for hedging financial risks in case of default.
First place was given to gold. Second in investor preference were U.S. government treasury bonds.
Bloomberg researchers believe: bitcoin has become more popular in the eyes of investors because, unlike fiat money.
It has no central bank as an issuer, and its decentralized structure allows for a different financial system from the traditional.
At the same time, experts warn: the value of the VTS stems from many attributes, including those based on investor confidence.
“As long as society believes in the paper money system – money will have value. Bitcoin is similar: the 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 $27400. In the last 24 hours, the GTS has added about 2% in value.
U.S. senators have reintroduced a bill that would involve U.S. government agencies overseeing the adoption of BTC in El Salvador and analyzing the risks of what is happening to the United States.