Bitcoin bulls have had a good year so far. If the U.S. defaults on its debt, it could get even better, at least in terms of their Bitcoin investment.
That’s according to Geoff Kendrick, Standard Chartered’s head of digital assets research. He told Insider this week that a U.S. default—which he called a "low-probability, high-impact event”—could cause Bitcoin to jump by about $20,000, an increase of nearly 70% from current levels.
