The Bank for International Settlements (BIS) issued a warning to indebted countries on Sunday that there could be a sudden loss of confidence in the market, confirming long-standing concerns about the cryptocurrency market. According to some cryptocurrency experts, both bitcoin and gold herald a fiscal crisis for the United States and other developed countries. So-called zero-yielding assets have risen by 48% and 13% respectively this year, supposedly due to safe-haven demand. While cryptocurrency proponents see BTC as the antithesis of a fiat downturn, the cryptocurrency tends to fall alongside other risky assets during times of stress. The consensus in the cryptocurrency market is that rising debt concerns will force the Federal Reserve and other central banks to cut interest rates, spurring more investor inflows into alternative assets such as bitcoin. Traders expect the Fed to cut rates twice this year by 25 basis points each, according to the Chicago Mercantile Exchange's FedWatch tool. The BIS added that fiscal consolidation would ultimately reduce the need to maintain high interest rates. "Fiscal consolidation is an absolute priority for fiscal policy. In the short term, this will help to ease inflationary pressures and reduce the need to maintain high interest rates, which in turn will help to maintain financial stability."