Bloomberg: bitcoin is among the top 3 most popular assets amid a possible collapse of the US economy

According to a Markets Live Pulse study commissioned by Bloomberg, bitcoin has become one of the top 3 most popular assets amid a possible US default. Thus, about 8% of large investors and 11% of retail investors surveyed would be willing to buy BTC to protect their savings.

According to the survey, the flagship cryptocurrency is among the top three priority assets for hedging financial risks in the event of a default. The first place was taken by gold, with 51.7% of large investors and 45.7% of retail investors ready to invest in it. The second place went to US government bonds with 14% and 15% respectively.

Bloomberg researchers are convinced that bitcoin has become more popular among investors because, unlike fiat money, CTS has no central bank as an issuer, and its decentralized structure allows you to create your own financial system. At the same time, experts warn that the value of BTC $96,005.62 Bitcoin -3.23% Market capitalization $1.9 trillion VOL. 24 hours $1.98 billion stems from many factors and is based on investor confidence.

«As long as society believes in the fiat system, paper money will have value. Thesituation with bitcoin is similar — the asset will have value as long as users believe in it,» the analysts summarized.

Currently, users are actively investing in BTC — the number of cryptocurrency wallet addresses containing one bitcoin or more has exceeded one million. According to Glassnode, this figure was reached on Saturday, May 13.

In a series of tweets, former BitMEX CEO Arthur Hayes shared his opinion on the current situation with US banks and how it could affect the cryptocurrency market. The analyst is confident that the collapse of First Republic Bank will not be the last in the financial sector. Hayes expects that after the Fed raises the interest rate, other US banks may face liquidity problems.