Bitcoin Expected To Catch "Exit Fiat Bid" If US Defaults On Debt
However, the US defaulting on its debt could mean a pump in Bitcoin ’s price. If the US government fails to raise the debt ceiling, the stock markets are expected to crash leaving investors stranded. advertisement Bitcoin expected to catch exit-fiat bid Messari founder Dan McArdle tweeted that he had thought US default would result in temporary BTC crash, ensuing chaos & liquidity crunch, but now, especially after BTC’s response to the bank failures, it could catch the exit-fiat bid it deserves. Traditional finance investors might look at Bitcoin as a safe heaven. At the start of the year, when banks were collapsing one after another, Bitcoin stood strong as it did not lose by much. This could give investors confidence in moving their funds to Bitcoin . Bitcoin to jump by 70% on US debt default: Standard Chartered analyst Earlier, Geoff Kendrick, Standard Chartered’s head of digital assets research told Insider that a U.S. defa...