[smabie]

Safer bet would be to hold short term treasures.

[stackghost]

I'd argue that's not a bet.

[sokoloff]

It’s a bet on the continued existence, and willingness/ability to honor its obligations, of the US federal government.

If that bets goes bad, the typical investor in Treasuries has perhaps bigger problems to worry about, but it’s still a bet IMO (and one which will inevitably eventually go bad).