The CEO of Bitwise stated that Bitcoin is targeting the $30 trillion U.S. Treasury market.

Gate News bot message, Hunter Horsley, CEO of Bitwise and asset management executive, posted several posts on social media platform X, expressing an optimistic view on Bitcoin, highlighting that people’s perceptions of safe-haven assets are changing.

On June 13, Hosseini responded to the comments made by Allianz’s Chief Economic Advisor, Mohamed A. El-Erian, who criticized the effectiveness of U.S. Treasury bonds as a safe-haven asset. Hosseini emphasized that the potential of Bitcoin goes far beyond being digital gold: “The opportunity for Bitcoin lies not only in gold but also in over $30 trillion using U.S. Treasury bonds as a means of value storage.”

Before Hossly made the above statement, El-Erian posted on X that after Israel’s attack on Iran, the U.S. Treasury yields reacted minimally to the geopolitical tensions, in stark contrast to the significant inflow into gold and silver.

He stated: “Funds are indeed flowing; it’s just that they are not heading towards US Treasuries as historical experience indicates.”

Horsley takes this opportunity to vigorously promote the wide-ranging uses of Bitcoin as a modern alternative to gold and government bonds, suggesting that capital allocation will undergo an intergenerational shift.

This executive has always been optimistic about Bitcoin. Earlier this week, he remained optimistic about Bitcoin’s impact on institutional financing and retail behavior. On June 12, he pointed out that the large-scale Bitcoin purchase transactions by public companies are still pending:

Source: Bitcoin.com News