Bitcoin could capture $ 30,000 billion from the US bond market

And if the largest reserve of tomorrow was no longer guaranteed by a state, but coded in a protocol? In a world undermined by inflation and the explosion of sovereign debts, Bitcoin is increasingly essential as a credible alternative to American treasury bills. Hunter Horsley, CEO of Bitwise, argues that this transition is no longer a marginal theory, but a substantive tendency brought by increasing adoption and disenchantment vis -à -vis traditional shelters.

Bitcoin in front of the Treasuries market: an assumed ambition

Bitwise anticipates a record influx of $ 420 billion towards bitcoin by 2026, carried by the growing interest of institutional investors. In this dynamic, Hunter Horsley, leader of one of the largest asset managers, believes that Bitcoin should no longer be compared solely to gold, but also to American sovereign obligations, used as a value reserve by individuals and institutions.

“The opportunity for Bitcoin is not limited to gold, it includes the more than $ 30,000 billion using Treasuries as a value reserve”he said in a post published on Friday June 13, 2025 on the social network X.

This outing comes in response to Mohamed El-Erian, who guest Analysts to no longer focus only on flows towards Treasuries to assess the search for investor safety.

Concretely, outside the information information on a potential change in the allocation of global savings, now focused on American public debt securities. Here are the key facts mentioned:

• The American Treasuries market represents more than $ 30,000 billion, used by many players as a reserve of stable value;

• Bitcoin is now seen as a credible alternative, especially in the face of the rise in risks linked to American budgetary policies;

• In April 2025, the markets reacted strongly to the announcement of the “Big Beautiful Bill” of President Trump, a controversial budgetary measure which could widen the deficit of an additional $ 2,500 billion;

• This situation caused a massive sale of US bonds, with a brutal increase in rates on treasuries at 10 years old;

• Saifdean Ammous, author of “The Bitcoin Standard”has summary The market atmosphere: “The US tax situation is bad, and Trump's ideas have scared the bond markets”.

These elements contribute to a questioning of the ability of the United States to continue to play their historic role as a reliable refuge assets. Bitcoin, by contrast, could embody a reserve of algorithmic, unalterable, and disconnected from political management.

A crisis of monetary confidence that opens a boulevard in Bitcoin

Beyond the comparison with the Treasuries, Hunter Horsley's analysis is part of a general trend: that of a progressive tilting towards forms of storage of independent value of the states.

Bitcoin continues to attract the attention of investors as an alternative savings technology. This highlights its ability to protect savers from “Macroeconomic shocks, geopolitical tensions and risky markets”.

This positioning of Bitcoin as an active refuge, in the same way as gold, is explained in particular by the growing distrust towards the American fiscal policy. The budget bill, defended by Donald Trump, alone could widen the deficit of $ 2,500 billion. This situation even alarm of figures in the technological sector, like Elon Musk.

To understand this dynamic, it is also necessary to observe sociological transformations at work. A growing part of the population, including baby boomers, historically faithful to traditional assets, is now turning to Bitcoin.

This generation, which holds around $ 79,000 billion in assets, is starting to integrate Bitcoin into its heritage strategies. This phenomenon is not trivial, because it reflects an evolution in the very perception of risk, where sovereign debt no longer necessarily embodies security.

Ultimately, if this trend is confirmed, Bitcoin could earn a status equivalent to that of Treasuries in institutional portfolios. The consequences would be deep: redefinition of international capital flows, transformation of public financing mechanisms, and potential reconfiguration of the role of central banks. Of course, such a scenario is still largely speculative. However, the emergence of bitcoin as an active refuge credible calls into question the very idea of ​​what it means “Investing without risk” in today's world.