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<p>Right now, the dollar is at the center of global economic debates. Some have already announced that the era of American currency hegemony is coming to an end. And in the currently bleak economic context of the country, some are considering how to adapt to this anticipated change. Bitcoin could contribute significantly to this.</p><div class="thumbnail post-cover-image"><img src="https://www.cointribune.com/app/uploads/2023/05/anti-dollar-1-1024x683.png" srcset="https://www.cointribune.com/app/uploads/2023/05/anti-dollar-1-1024x683.png 1024w, https://www.cointribune.com/app/uploads/2023/05/anti-dollar-1-300x200.png 300w, https://www.cointribune.com/app/uploads/2023/05/anti-dollar-1-768x512.png 768w, https://www.cointribune.com/app/uploads/2023/05/anti-dollar-1.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" class="post-cover-image--img" alt="A 1 dollar bill with a red cross"></div><div class="my-4"></div>



<h2 id="h-is-bitcoin-relevant-in-the-case-of-a-us-payment-default">Is Bitcoin relevant in the case of a US payment default?</h2>



<p>The American economy is currently in crisis. Inflation is running rampant while <a href="https://www.cointribune.com/fin-annoncee-du-dollar-americain-un-economiste-et-un-politologue-rejettent-lidee/" target="_blank" rel="noreferrer noopener">the dollar continues to depreciate</a>. The American currency has lost its appeal as a safe haven currency.</p><div class="my-4"><div class="ads ">
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<p>In this context, <a href="https://markets.businessinsider.com/news/currencies/bitcoin-safe-haven-dollar-gold-us-default-debt-ceiling-crisis-2023-5" target="_blank" rel="noreferrer noopener">all seasoned investors are looking for financial alternatives</a> that allow them to preserve their wealth. According to a recent survey, three options seem to offer this perspective.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<div class="entry-content-asset"><div class="social-embed-container"><blockquote class="twitter-tweet" data-width="500" data-dnt="true"><p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/TuesdayMotivaton?src=hash&amp;ref_src=twsrc%5Etfw">#TuesdayMotivaton</a>:  <a href="https://twitter.com/Bloomberg?ref_src=twsrc%5Etfw">@Bloomberg</a>'s <a href="https://twitter.com/business?ref_src=twsrc%5Etfw">@business</a> <a href="https://twitter.com/hashtag/MLIV?src=hash&amp;ref_src=twsrc%5Etfw">#MLIV</a> survey says <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> would be more trusted than the <a href="https://twitter.com/hashtag/dollar?src=hash&amp;ref_src=twsrc%5Etfw">#dollar</a> as a safe haven if the US defaults. <a href="https://twitter.com/hashtag/INX_Academy?src=hash&amp;ref_src=twsrc%5Etfw">#INX_Academy</a> with the best practices for trading Bitcoin safely: <br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2935.png" alt="⤵" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2935.png" alt="⤵" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2935.png" alt="⤵" class="wp-smiley" style="height: 1em; max-height: 1em;" /><a href="https://t.co/gDQfbB2JW9">https://t.co/gDQfbB2JW9</a></p>— INX (@INX_Group) <a href="https://twitter.com/INX_Group/status/1658465472147337217?ref_src=twsrc%5Etfw">May 16, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div></div>
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<p>The last one on the list is Bitcoin. The asset is undeniably popular, undoubtedly a consequence of its recent bullish dynamics. This is happening even though the circumstances in the crypto market are not ideal. And the banking crisis further complicates the situation.</p>



<p>According to the survey, Bitcoin is even perceived as more relevant than the dollar. Approximately 41% of the respondents consider the asset to be more advantageous than the American currency. Because they believe it is destined for certain depreciation.</p>



<p>That is why it does not appear on the list of selected financial alternatives in the survey. In contrast, Treasury bonds are the second financial choice considered strategic, right behind gold.</p>



<p>If gold is chosen as the most relevant financial option, surpassing Treasury bonds and Bitcoin, it is not by chance. Historically, gold has been the most sought-after safe haven asset by investors.</p>



<p>Furthermore, it should be noted that Bitcoin could come out on top in this situation. Especially if concerns about debt materialize. Standard Chartered estimates that if the United States were to default on its debts, BTC would gain <a href="https://www.cointribune.com/bitcoin-explose-a-30-000-dollars-regain-doptimisme/" target="_blank" rel="noreferrer noopener">an additional $20,000 in value</a>.</p>

41% of surveyed American investors prefer Bitcoin (BTC) over the dollar!

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