According to Cointelegraph on the 14th (local time), Bitwise CEO Horsley said, "Bitcoin's total addressable market
"The Total Asset Management (TAM) market includes not only the $16 trillion gold market, but also the $30 trillion-plus U.S. Treasury market," he said, emphasizing that "Bitcoin's opportunity is not limited to gold. More than $30 trillion is in Treasury bonds."
"It's used as a store of value through blockchain. Bitcoin is the technology that can replace this entire market."
This is according to economist Mohamed El-Erian.
This is in response to Chairman El-Erian's statement that "Treasury flows are no longer the primary indicator of market risk aversion." Instead, he said, "Gold and silver flows are the primary indicator of market risk aversion."
"We should look to gold and silver, which are safe-haven assets traditionally used as a hedge against inflation," he said.
Geopolitical tensions and excessive government spending are the main factors driving the growing demand for Bitcoin.
Investors are choosing Bitcoin as a decentralized store of value to protect their assets from the inflation and constant credit risks of a centralized fiat currency system.
In the United States, President Donald Trump has promoted the "Big Beautiful Building" initiative.
The proposed "Debate Bill" is expected to add up to $2.5 trillion in spending, which has been criticized as threatening fiscal health and adding to the national debt, which is already at $37 trillion.
Critics, including former Department of Government Efficiency (DOGE) Minister Elon Musk, have said the bill "is not a long-term solution, unlike President Trump's goals."
"This could further weaken the fiscal health of the United States."
2025/06/16 17:01 KST
Copyright(C) BlockchainToday wowkorea.jp 117