Recently, Bitcoin has begun to be considered not only as digital gold but also as a potential alternative to US Treasury bonds. This opinion was voiced by Bitwise CEO Hunter Horsley.
Bitcoin versus Treasury Bonds
Hunter Horsley notes that the opportunities for Bitcoin are not limited to the market capitalization of gold; the more than thirty trillion dollars used in Treasury bonds as a store of value may also come under Bitcoin's influence. "The opportunity for Bitcoin isn't just gold; it's the $30T+ using Treasuries as a store of value," he stated in his post.
Crisis of Confidence in Monetary Policy
The economic situation in the US, according to experts, questions traditional investment approaches. Recent concerns regarding fiscal policy, echoed by figures like Elon Musk, intensify distrust towards government bonds. This has led a significant number of investors to look at Bitcoin as an alternative means of capital preservation.
Future of Bitcoin as an Asset
If trends continue, Bitcoin may become as significant an asset for investment portfolios as Treasury bonds. However, this remains a speculative opportunity for now. With changing preferences among generations and increasing substantial assets invested in cryptocurrency, forecasts for Bitcoin's future are becoming increasingly positive.
Thus, considering the growing interest in Bitcoin and diminishing trust in traditional assets, it could play a more significant role in investment strategies at a global level.
