BTC was in the top three assets that investors are willing to choose in the event of a US default

According to a new study by Bloomberg, investors may prefer the main crypto coin to the US dollar as a tool to save their funds in the event of a US default. More than 600 people took part in the survey.

Almost 8% of professional and 11% of retail investors will opt for bitcoin, while 8% and 10% of investors from the two categories will rely on the dollar, respectively.

The first place among all means of protecting assets is occupied by gold. It was chosen by about 50% of respondents, despite the fact that the price of the asset is near the historical maximum, that is, about $2,000 per ounce.

In second place are US debt securities (treasuries). It is curious that it is on them that a default will probably be declared. However, even pessimists believe that Treasury holders will receive money, although not immediately. This asset was chosen by about 15% of respondents.

Bitcoin closes the top three and only then comes the US dollar. More than 55% of respondents believe that default and even approaching it will negatively affect the US currency.

Meanwhile, the number of addresses containing at least 1 bitcoin has reached 1 million, according to data from Glassnode.

The most significant increase in the indicator occurred during the fall of BTC in June last year. This happened after the collapse of the Terra ecosystem. There was also a jump after November 11, when the crypto market was rocked by the bankruptcy of FTX.

The co-founder of Glassnode under the nickname Negentropic predicted the continuation of the growth of the main crypto coin.

“Confident in our medium-term target of $35,000 as outside pressure eases. The Fed will put a hold on rate hikes in June […] — optimal for a move higher [Bitcoin] during the summer. The dollar index crossed down a significant moving average — explosive movements are ahead,” he said.