Bitcoin Could Be One of the Top Three Assets in the Event of a US Debt Default, According to a New Survey.
According to data from the latest Bloomberg Markets Live Pulse survey, gold, US Treasury bonds and Bitcoin will be the top three assets if the US does not raise the debt ceiling and defaults.
The survey was conducted from May 8 to May 12, with 637 participants including both professional and retail investors.
More than 50% of financial experts would buy gold if the US government defaulted. US Treasury bonds came in second, with Bitcoin the third most popular alternative for retail investors.
With this survey result, Bitcoin becomes a more popular choice than the US dollar, Japanese yen or Swiss franc.
The poll comes as markets are increasingly worried about the US debt ceiling. In early May, Treasury Secretary Janet Yellen warned that the US was at risk of a catastrophic default as soon as June 1 if the debt limit was not suspended or raised. President Joe Biden later said that “the whole world” would be in trouble if the US defaulted.
According to a Bloomberg survey, nearly 60% of respondents said the risk this time is greater than in 2011. 41% of people believe that if the US defaults, it will directly threaten the US dollar as it is the main global reserve currency.
