๐Ÿ’Ž Bitwise CEO Hunter Horsley believes the first cryptocurrency has the potential to take over the $30 trillion US Treasury bond market.

"The opportunity for bitcoin is not just gold; it's over $30 trillion in Treasury bond savings," he said.

Horsley was responding to an earlier post by economist Mohamed El-Erian, who warned that inflows into U.S. Treasuries are no longer a barometer of investors' flight to safe assets.

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