Bitcoin’s potential as a store-of-value asset now extends past the gold market, in keeping with Bitwise CEO Hunter Horsley.
Key Takeaways:
- Bitcoin is now seen as competing with each gold and U.S. Treasuries as a store-of-value asset.
- Bitwise CEO says the $30 trillion Treasury market is a part of Bitcoin’s complete addressable market.
- Mounting US debt and financial instability are driving investor curiosity towards crypto options.
In a current submit on X, Horsley argued that the $30 trillion U.S. Treasury market, historically seen as a secure haven by establishments and bondholders, also needs to be thought-about a part of Bitcoin’s complete addressable market.
“The chance for Bitcoin isn’t simply gold; it’s the $30 trillion-plus utilizing Treasuries as a retailer of worth,” Horsley wrote Friday, including to rising sentiment that Bitcoin is rising as a substitute for legacy monetary devices as soon as thought-about risk-free.
Bitwise CEO: Bitcoin Joins Gold, Silver as Flight-to-Security Asset
The remark got here in response to economist Mohamed El-Erian, who warned that U.S. Treasury flows are now not a dependable indicator of flight-to-safety habits.
As an alternative, El-Erian pointed to gold and silver as the brand new barometers. However for crypto proponents like Horsley, Bitcoin belongs in that very same class, providing safety in opposition to inflation, geopolitical instability, and systemic threat.
Latest macro circumstances seem to help that shift. Hovering authorities debt, fiscal deficits, and financial uncertainty are eroding belief in fiat-based monetary devices.
Within the U.S., President Trump’s so-called “Large Lovely Invoice” is predicted so as to add roughly $2.5 trillion to the nationwide deficit, pushing the overall debt load towards $37 trillion.
Critics, together with tech entrepreneur Elon Musk and former authorities officers, have raised alarms over the sustainability of present spending ranges.
The chance for Bitcoin isn't simply gold.
It's the $30T+ utilizing Treasuries as a retailer of worth. https://t.co/xOHG2NkPg0— Hunter Horsley (@HHorsley) June 13, 2025
April 2025 noticed a pointy bond market correction, as traders reacted to new tariffs and swelling deficits by promoting off U.S. authorities securities.
Amid that flight from bonds, Bitcoin has seen renewed curiosity from each retail and institutional traders in search of shelter in a digitally scarce asset that isn’t tied to authorities coverage.
The narrative is evolving. Bitcoin is now not only a hedge in opposition to inflation or a substitute for gold, it’s positioning itself as a long-term counterweight to sovereign debt threat.
Asia’s Billionaires Shift From U.S. Greenback to Bitcoin, Gold
Asia’s wealthiest traders are shifting away from the U.S. greenback and more and more turning to Bitcoin, gold, and Chinese language belongings amid rising geopolitical tensions and market volatility.
In Could, UBS govt Amy Lo mentioned that ultra-rich purchasers now allocate over 15% of their portfolios to crypto and valuable metals.
With Asia’s wealth administration market anticipated to develop from $20.7 trillion to $37 trillion by 2029, the development indicators a significant realignment in world capital flows.
A 2024 Aspen Digital research discovered that 76% of Asia’s household places of work and high-net-worth people now maintain digital belongings, up from 58% in 2022.
Singapore leads the crypto cost, with over half of rich traders planning to extend their holdings within the subsequent two years.
Many have doubled their crypto allocations to over 10% of their portfolios, treating Bitcoin as a hedge just like gold throughout previous monetary crises.
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