#CongressTradingBan Bitcoin to increase investor demand for Treasury bonds

"Interest rates are relatively high compared to the past. The Treasury needs to maintain continuous demand from investors for bonds, so it has to attract buyers," Sigel said during the virtual event.

Meanwhile, bond investors want protection against the inflation of the US dollar and asset inflation, which makes Bitcoin a good option to be a component of the bond, as the cryptocurrency has emerged as a hedge against inflation.