Debt ceiling negotiations in the USA maintain merchants on their toes. JPMorgan Chase (NYSE:) CEO Jamie Dimon advised Bloomberg on Could 11 {that a} potential sovereign default by the US authorities might create panic in inventory markets, resulting in elevated volatility.

The subsequent large query on the minds of crypto buyers is how will they react to such an occasion. Bloomberg’s newest Markets Stay Pulse survey signifies that Bitcoin (BTC) might be the third most popular asset class behind gold and US Treasuries if the US authorities failed to stop a default.

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