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 response to 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 post 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 against currency inflation — for a sign of the place traders are searching for protected haven from market dangers.
Bitcoin continues to draw investor consideration because it emerges as an alternative savings technology and a store-of-value asset with gold-like properties, that may hedge towards 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 the USA, President Trump’s “Huge Lovely Invoice” is estimated so as to add as much as $2.5 trillion in deficit spending — piling onto the practically $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 will not 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 sharp sell-off as traders unloaded the US authorities securities.
The market dump spiked bond yields as traders demanded higher interest rates to compensate for the elevated threat of lending to the US authorities.
“The US fiscal state of affairs is dangerous, and Trump’s concepts for enhancing it simply spooked the bond markets and it’ll take one thing critical to get it to quiet down once more,” writer of The Bitcoin Commonplace Saifedean Ammous wrote in an April 23 X post.
This text doesn’t include funding recommendation or suggestions. Each funding and buying and selling transfer entails threat, and readers ought to conduct their very own analysis when making a choice.
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