Bitcoin a top 3 asset in the event of US debt default: Survey

Major cryptocurrency Bitcoin (

The poll comes as markets grow increasingly nervous about the U.S. debt ceiling. In early May, Treasury Secretary Janet Yellen warned that the U.S. risks a catastrophic default as soon as June 1 if the debt limit isn’t suspended or raised. President Biden subsequently declared that the “whole world” would be in trouble if the U.S. defaulted on its debt.

According to the Bloomberg survey, nearly 60% of respondents said the risks are bigger this time than in 2011. Forty-one percent of respondents also believe that a default directly threatens the U.S. dollar as the primary global reserve currency.

Magazine: Hall of Flame: William Clemente III tips Bitcoin will hit six figures toward end of 2024