{"id":24699,"date":"2025-06-15T09:47:41","date_gmt":"2025-06-15T06:47:41","guid":{"rendered":"https:\/\/forklog.com\/en\/bitwise-ceo-bitcoin-could-absorb-30-trillion-in-us-treasury-bonds\/"},"modified":"2025-06-15T09:47:41","modified_gmt":"2025-06-15T06:47:41","slug":"bitwise-ceo-bitcoin-could-absorb-30-trillion-in-us-treasury-bonds","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitwise-ceo-bitcoin-could-absorb-30-trillion-in-us-treasury-bonds\/","title":{"rendered":"Bitwise CEO: Bitcoin Could Absorb $30 Trillion in US Treasury Bonds"},"content":{"rendered":"<p>The total target market for Bitcoin encompasses the gold market and US Treasury bonds, valued at $16 trillion and $30 trillion respectively, according to Bitwise CEO Hunter Horsley.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The opportunity for Bitcoin isn&#8217;t just gold. <\/p>\n<p>It&#8217;s the $30T+ using Treasuries as a store of value. <a href=\"https:\/\/t.co\/xOHG2NkPg0\">https:\/\/t.co\/xOHG2NkPg0<\/a><\/p>\n<p>\u2014 Hunter Horsley (@HHorsley) <a href=\"https:\/\/twitter.com\/HHorsley\/status\/1933518725010874834?ref_src=twsrc%5Etfw\">June 13, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe opportunity for Bitcoin is not just gold; it&#8217;s the $30 trillion that can be used as a store of value in Treasury bonds,\u201d he stated.<\/p>\n<\/blockquote>\n<p>Horsley was responding to an earlier post by economist Mohamed El-Erian, who warned that inflows into US Treasury bonds are no longer a barometer of investors fleeing to safe assets.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"654\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/01976fae-8b5a-78ad-8b51-3d8d9cd6eb5a-1024x654.webp\" alt=\"01976fae-8b5a-78ad-8b51-3d8d9cd6eb5a\" class=\"wp-image-260449\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/01976fae-8b5a-78ad-8b51-3d8d9cd6eb5a-1024x654.webp 1024w, https:\/\/forklog.com\/wp-content\/uploads\/01976fae-8b5a-78ad-8b51-3d8d9cd6eb5a-300x192.webp 300w, https:\/\/forklog.com\/wp-content\/uploads\/01976fae-8b5a-78ad-8b51-3d8d9cd6eb5a-768x490.webp 768w, https:\/\/forklog.com\/wp-content\/uploads\/01976fae-8b5a-78ad-8b51-3d8d9cd6eb5a-1536x981.webp 1536w, https:\/\/forklog.com\/wp-content\/uploads\/01976fae-8b5a-78ad-8b51-3d8d9cd6eb5a-2048x1307.webp 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Gold prices. Data: <a href=\"https:\/\/www.tradingview.com\/chart\/g7xkPkTa\/?symbol=OANDA%3AXAUUSD\">TradingView<\/a>.<br \/><\/figcaption><\/figure>\n<p>In his view, market participants should monitor the inflow of funds into gold and silver\u2014traditional hedging instruments against currency inflation\u2014to understand where investors are seeking refuge.<\/p>\n<p>El-Erian emphasized that Treasury bonds are no longer a \u201csafe haven\u201d\u2014their yields barely moved after Israel&#8217;s attack on Iran.<\/p>\n<p>The last significant sell-off of US government securities occurred in April after US President Donald Trump announced trade tariffs against China.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"654\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/01976fb1-ed59-764b-8862-4506e6823c4e-1024x654.png\" alt=\"01976fb1-ed59-764b-8862-4506e6823c4e\" class=\"wp-image-260450\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/01976fb1-ed59-764b-8862-4506e6823c4e-1024x654.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/01976fb1-ed59-764b-8862-4506e6823c4e-300x192.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/01976fb1-ed59-764b-8862-4506e6823c4e-768x490.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/01976fb1-ed59-764b-8862-4506e6823c4e-1536x981.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/01976fb1-ed59-764b-8862-4506e6823c4e-2048x1308.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Interest rate on 10-year US Treasury bonds. Data: <a href=\"https:\/\/www.tradingview.com\/chart\/g7xkPkTa\/?symbol=TVC%3AUS10Y\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>The sell-off led to a sharp rise in bond yields, as investors demanded higher interest rates to compensate for the risks of lending to the government.<\/p>\n<p>In May, Bitwise&#8217;s head of research in Europe, Andrei Dragos, <a href=\"https:\/\/forklog.com\/en\/news\/bitwise-links-bitcoins-all-time-high-to-japanese-market-turmoil\">linked<\/a> the rise of Bitcoin to the crisis in the Japanese market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The total target market for Bitcoin encompasses the gold market and US Treasury bonds, valued at $16 trillion and $30 trillion respectively, according to Bitwise CEO Hunter Horsley. The opportunity for Bitcoin isn&#8217;t just gold. It&#8217;s the $30T+ using Treasuries as a store of value. https:\/\/t.co\/xOHG2NkPg0 \u2014 Hunter Horsley (@HHorsley) June 13, 2025 \u201cThe opportunity [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24698,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,949,1431,1138],"class_list":["post-24699","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-bitwise","tag-bonds","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"58","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/24699","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=24699"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/24699\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/24698"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=24699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=24699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=24699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}