Bitcoin can absorb $30T US Treasury market — Bitwise CEO

Bitcoin's (BTC) full addressable marketplace encompasses the $16 trillion golden marketplace and the $30 trillion US Treasury marketplace utilized arsenic a store of worth by idiosyncratic bondholders and institutions, according to Hunter Horsley, the CEO of integer plus concern steadfast Bitwise.

"The accidental for Bitcoin isn't conscionable gold; it is the $30 trillion-plus utilizing Treasuries arsenic a store of value," the CEO wrote connected Friday.

Horsley was responding to an earlier post from economist Mohamed El-Erian, successful which the economist cautioned analysts that US Treasury flows are nary longer a barometer for capitalist formation to safety.

Gold is erstwhile again approaching its all-time precocious of $3,500 per ounce. Source: TradingView

Instead, the economist said that analysts should ticker flows into golden and metallic — the accepted hedges against currency inflation — for an denotation of wherever investors are seeking harmless haven from marketplace risks.

Bitcoin continues to pull capitalist attraction arsenic it emerges arsenic an alternate savings technology and a store-of-value plus with gold-like properties, that tin hedge against geopolitical turmoil, macroeconomic shock, and downturns successful risk-on markets.

Related: Bitcoin terms expected to soar arsenic planetary enslaved markets interruption — Here’s why

Geopolitical tensions and runaway authorities spending substance Bitcoin adoption

Geopolitical tensions and excessive spending by governments are fueling Bitcoin adoption, arsenic marketplace participants question to support the worth of their savings from the corrosive effects of ostentation and the ever-present counter-party risks inherent successful centrally managed fiat currencies.

In the United States, President Trump's "Big Beautiful Bill" is estimated to adhd up to $2.5 trillion successful shortage spending — piling onto the astir $37 trillion nationalist debt.

Critics of the bill, including Elon Musk, the erstwhile caput of the Department of Government Efficiency (DOGE), accidental that contrary to President Trump's stated aims, the existent fund is not sustainable and volition erode the semipermanent fiscal wellness of the US further.

In April 2025, the enslaved marketplace reacted to the ongoing macroeconomic uncertainty of Trump's commercialized tariffs and rising US indebtedness levels successful a sharp sell-off arsenic investors unloaded the US authorities securities.

The involvement complaint connected the 10-year Treasury Bond remains elevated arsenic marketplace participants workout caution astir the US’ fiscal and monetary health. Source: TradingView

The marketplace dump spiked bond yields arsenic investors demanded higher involvement rates to compensate for the accrued hazard of lending to the US government.

"The US fiscal concern is bad, and Trump's ideas for improving it conscionable spooked the enslaved markets and it volition instrumentality thing superior to get it to settee down again," writer of The Bitcoin Standard Saifedean Ammous wrote successful an April 23 X post.

This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.

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