"Bitwise CEO Predicts Bitcoin Surpassing Gold and Bond Market"

Bitcoin Ready to Challenge Gold and $30 Trillion Treasury Market Bitcoin is set to rival not only gold but also U.S. Treasuries and other conventional savings instruments, according to a prominent digital asset executive. On June 14, Cointelegraph reported that Hunter Horsley, CEO of digital asset investment firm Bitwise, emphasized Bitcoin's expanding competitive field. "Bitcoin is competing in markets that include the $23 trillion gold market and the $30 trillion U.S. Treasury market," Horsley stated. Horsley elaborated, "The opportunity for Bitcoin extends beyond gold, offering potential as a new store of value within the $30 trillion Treasury market." He made these remarks in response to economist Mohamed El-Erian's recent commentary on shifting capital flows within U.S. Treasuries. **Bitcoin's Potential Beyond Gold** Referencing El-Erian, Horsley pointed out that U.S. Treasuries are no longer the reliable safe-haven for risk-averse investors they once were. Instead, investors are increasingly turning to traditional inflation hedges like gold and silver amid economic and geopolitical uncertainty. In a public statement on Twitter, Horsley posted: > “The opportunity for Bitcoin isn’t just gold. It’s the $30T+ using Treasuries as a store of value.” > — Hunter Horsley (@HHorsley) June 13, 2025 El-Erian had earlier warned that Treasuries may no longer be the primary indicator of safety, highlighting a shift in investment preferences. Geopolitical Tensions and Fiscal Excess Fuel Bitcoin Adoption Bitcoin’s appeal is growing amid rising geopolitical tensions and significant government spending. Investors increasingly turn to Bitcoin to hedge against inflation and manage the credit risk linked to fiat currencies under central authority. Under President Trump’s previous administration, the introduction of the "Big Beautiful Bill" added an estimated $2.5 trillion to deficit spending, pushing the U.S. national debt closer to $37 trillion. Critics argue that such fiscal policies are unsustainable and could further erode the country's financial health in the long run. Notably, Elon Musk joined these criticisms, highlighting the vulnerabilities in current fiscal policies. Rising Bond Yields Signal Uncertainty Rising U.S. debt and policy actions have also led to increased volatility in the U.S. Treasury market. In April, after new tariff policies were announced and the national debt soared, Treasuries experienced a sharp sell-off. Investors selling Treasuries in large volumes drove bond yields higher, reflecting growing concerns about lending to the U.S. government. Investors began demanding higher returns to compensate for increased risks. This convergence of factors creates an ideal environment for alternative assets like Bitcoin. As traditional safe havens such as Treasuries and gold face challenges amidst fiscal strain and geopolitical risks, Bitcoin is increasingly being seen as an innovative store of value and hedge against systemic risks.