Bitcoin emerges as the preferred investment choice for both professional and retail investors, surpassing the US dollar, yen, and Swiss franc, as per Bloomberg's recent MLIV Pulse survey. With the looming U.S. debt ceiling default risk, investors are flocking to Bitcoin, causing its price to rally over $35,000. This surge is attributed to Bitcoin's growing reputation as a safe haven, following gold and treasuries, especially amid the potential catastrophic consequences the US faces. Notably, 7.8% of professional investors and 11.3% of retail investors prefer investing in Bitcoin, reflecting its increasing popularity.
