Heads of crypto platforms and banks spoke about the prospects of bitcoin in the conditions of US default – Bits Media

General Director of Blockchain.chain.com Cryptform Peter Smith and top manager of Standard Chartered Bank Jeff Kendrick spoke about the prospects of the cryptocurrency market in connection with the impending US default.

Speaking at the Qatar Economic Forum forum, organized Bloomberg, supervisor Blockchain.com Peter Smith (Peter Smith) suggested, that if the default in the USA is announced, This will negatively affect the crypto space, But not for long. In the long run, the cryptocurrency market will grow. At the same time, Smith expressed hope, that the American authorities will still find a solution to increase the ceiling of the debt.

“A recession in the United States can poorly affect crypto assets. Since they are high -risk assets, People will want to get rid of risks. Recall the strong fluctuations in the market this year, When American banks began to bankrupt. I think, If the US government announces default, We will see a quick rollback of cryptocurrencies, and then a strong push up ", Smith said.

Head of the Standard Chartered Foreign Currency Research Department Jeff Kendrick (Geoff Kendrick) also thinks, that a possible default will become a positive event for bitcoin. He predicts, what, if the ceiling of debt is not increased until the expected deadline in July and the default will happen, then the bitcoin course can achieve $50 000. This is due to that, that investors will invest in the first cryptocurrency, which can become a "airbag" in a crisis. In early May, Kendrick suggested, that in case of failure to fulfill their obligations on public debt, the United States, Bitcoin can skip the mark $40 000.

According to Bloomberg, Bitcoin entered the three most attractive assets against the background of the risk of default in the United States after gold and treasury bills. Recently entrepreneur Robert Kiyosaki (Robert Kiyosaki), Bestseller "Rich Dad, Poor Dad ", He called on investors to protect against the collapse of the US financial system through the purchase of bitcoin and precious metals.