Bitcoin’s (BTC) whole addressable market encompasses the $16 trillion gold market and the $30 trillion US Treasury market used as a retailer of worth by particular person bondholders and establishments, in keeping with Hunter Horsley, the CEO of digital asset funding agency Bitwise.
“The chance for Bitcoin is not simply gold; it’s the $30 trillion-plus utilizing Treasuries as a retailer of worth,” the CEO wrote on Friday.
Horsley was responding to an earlier publish from economist Mohamed El-Erian, by which the economist cautioned analysts that US Treasury flows are now not a barometer for investor flight to security.
As an alternative, the economist mentioned that analysts ought to watch flows into gold and silver — the standard hedges in opposition to forex inflation — for a sign of the place buyers are in search of secure haven from market dangers.
Bitcoin continues to draw investor consideration because it emerges as a substitute financial savings expertise and a store-of-value asset with gold-like properties, that may hedge in opposition to geopolitical turmoil, macroeconomic shock, and downturns in risk-on markets.
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Geopolitical tensions and runaway authorities spending gasoline Bitcoin adoption
Geopolitical tensions and extreme spending by governments are fueling Bitcoin adoption, as market individuals search to guard the worth of their financial savings from the corrosive results of inflation and the ever-present counter-party dangers inherent in centrally managed fiat currencies.
In america, President Trump’s “Huge Lovely Invoice” is estimated so as to add as much as $2.5 trillion in deficit spending — piling onto the almost $37 trillion nationwide debt.
Critics of the invoice, together with Elon Musk, the previous head of the Division of Authorities Effectivity (DOGE), say that opposite to President Trump’s acknowledged goals, the present finances shouldn’t be sustainable and can erode the long-term fiscal well being of the US additional.
In April 2025, the bond market reacted to the continued macroeconomic uncertainty of Trump’s commerce tariffs and rising US debt ranges in a pointy sell-off as buyers unloaded the US authorities securities.
The market dump spiked bond yields as buyers demanded larger rates of interest to compensate for the elevated threat of lending to the US authorities.
“The US fiscal scenario is unhealthy, and Trump’s concepts for bettering it simply spooked the bond markets and it’ll take one thing severe to get it to calm down once more,” writer of The Bitcoin Commonplace Saifedean Ammous wrote in an April 23 X publish.
This text doesn’t comprise funding recommendation or suggestions. Each funding and buying and selling transfer includes threat, and readers ought to conduct their very own analysis when making a choice.
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