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Analyst: If the US defaults on its debt, investors will allocate 10 times more to gold than to Bitcoin

Odaily星球日报 · 2023-05-17T14:50:00.000Z

Odaily Planet Daily News Analyst and author Marcel Pechman discussed whether Bitcoin is safer than the US dollar. Pechman predicts that if the U.S. debt defaults, investors will allocate 10 times more to gold than to Bitcoin due to the cryptocurrency’s lower market capitalization and higher volatility. On the positive side, 11% of retail investors would add Bitcoin to their portfolios in the event of a government shutdown, compared to 46% for gold. (Cointelegraph)

Odaily星球日报

Odaily Planet Daily News Analyst and writer Marcel Pechman discussed whether Bitcoin is safer than the US dollar. Pechman predicted that if the US debt defaults, investors' allocation to gold will be 10 times that of Bitcoin due to the lower market value and higher volatility of cryptocurrencies. On the positive side, 11% of retail investors will add Bitcoin to their portfolios in the event of a government shutdown, while the proportion of gold is 46%. (Cointelegraph)

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