The Rise of Digital Assets: Demand for U.S. Treasury Bonds Expected to Reach $2 Trillion!
Trump's tariff policies once had a significant impact on the market, leading to a wave of U.S. Treasury bond sell-offs. U.S. Treasury Secretary Basent stated in a House hearing on the 7th that in the coming years, the development of the digital asset industry could drive demand for U.S. Treasury bonds to as high as $2 trillion.
He emphasized that the importance of digital assets in the economy is increasing, and the U.S. should lead the global cryptocurrency market standards to promote innovation and benefit from it. Basent pointed out that the U.S. should become the preferred location for digital assets.
Digital assets refer to valuable items created and stored in a digital manner, including virtual currencies, cryptocurrencies, stablecoins, and non-fungible tokens (NFTs). Cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) use blockchain technology for decentralized transactions, while stablecoins aim to maintain price stability, typically pegged to fiat currencies.
Basent mentioned that blockchain financial products are gradually integrating with the dollar and the Treasury bond market, indicating that digital assets can drive national financial interests. Currently, the largest stablecoin issuer, Tether, held nearly $120 billion in short-term U.S. Treasury bonds as reserves by the end of March, while another issuer, Circle, held over $22 billion. As demand for stablecoins rises, the market's demand for low-risk assets like U.S. Treasury bonds also increases, showing that the connection between digital assets and the U.S. bond market is becoming tighter.
At the same time, the growth potential of SOL should not be underestimated! SOL has already seized the potential of the meme trend, creating a new wave of memes, and those with spare cash are daring to invest early in some promising meme coins. Among them, meme coins related to Trump are particularly popular, especially the hero dog Co nan, backed by Trump's powerful IP and active community. Affected by the broader market, its market value once fell below the $10 million mark, but after a few days of market adjustment, it returned to above $10 million, showcasing strong resilience, which is a perfect opportunity for entering and replenishing positions. The number of holders has exceeded 13.5K and continues to grow, indicating great potential to become a dark horse in a bull market!
$SOL $ETH $PEPE
