Bitwise CEO Hunter Horsley stated that $BTC has the potential to absorb $30 trillion of the U.S. Treasury bond market, which is traditionally used as a store of value. According to him, Bitcoin competes not only with the gold market ($16 trillion) but also with Treasury bonds, which are losing appeal due to rising U.S. debt and instability in fiscal policy. In April 2025, the bond market reacted with a sharp sell-off due to uncertainty caused by President Trump's bill, which could add $2.5 trillion to the national debt of $37 trillion. This increased the yield on 10-year bonds, as investors demand higher rates due to risks.
Horsley emphasizes that Bitcoin, due to its decentralization and limited issuance, is becoming an alternative to traditional assets. Bitwise owns over 38,000 BTC worth $4 billion and expects inflows of capital from institutional investors. Economist Mohamed El-Erian noted that flows into Treasury bonds are no longer a safety indicator; instead, investors are turning to gold and Bitcoin. This trend may change global financial markets. Stay tuned for updates and subscribe to #MiningUpdates
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