Bitcoin (BTC) could become the third most sought-after asset in the world if the U.S. were to default on its debt, according to Bloomberg News’ latest MLIV Pulse survey.
According to the survey, many investors now consider BTC to be a king of “digital gold” and it has become more popular than every fiat currency — including investor staples like the U.S. dollar, the Japanese yen, and the Swiss franc.
The survey was conducted between May 8 and May 12. It included responses from a mix of 637 professional and retail investors.
Gold, Treasuries & Bitcoin
The survey revealed that professional and retail investors rank gold, treasuries and Bitcoin as the top three assets to purchase as a hedge against the hypothetical debt default scenario, respectively.
Bitcoin came in third place, with approximately 8% of professional investor respondents and 11% of retail investor respondents saying they intend to purchase Bitcoin as their primary hedge against a debt default scenario.
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