Bitcoin does not just compete with gold as an alternative store of value, but all savings instruments, including government securities. <\/p>\n
Bitcoin’s (BTC<\/a>) total addressable market encompasses the $16 trillion gold market and the $30 trillion US Treasury market used as a store of value by individual bondholders and institutions, according to Hunter Horsley, the CEO of digital asset investment firm Bitwise.<\/p>\n \u201cThe opportunity for Bitcoin isn\u2019t just gold; it is the $30 trillion-plus using Treasuries as a store of value,\u201d the CEO wrote<\/a> on Friday.<\/p>\n Horsley was responding to an earlier post<\/a> from economist Mohamed El-Erian, in which the economist cautioned analysts that US Treasury flows are no longer a barometer for investor flight to safety.<\/p>\n Instead, the economist said that analysts should watch flows into gold and silver \u2014 the traditional hedges against currency inflation<\/a> \u2014 for an indication of where investors are seeking safe haven from market risks.<\/p>\n Bitcoin continues to attract investor attention as it emerges as an alternative savings technology<\/a> and a store-of-value asset with gold-like properties, that can hedge against geopolitical turmoil, macroeconomic shock, and downturns in risk-on markets.<\/p>\n Related: <\/strong><\/em>Bitcoin price expected to soar as global bond markets break \u2014 Here\u2019s why<\/strong><\/em><\/a><\/p>\n Geopolitical tensions and excessive spending by governments are fueling Bitcoin adoption<\/a>, as market participants seek to protect the value of their savings from the corrosive effects of inflation and the ever-present counterparty risks inherent in centrally managed fiat currencies.<\/p>\n In the United States, President Trump\u2019s \u201cBig Beautiful Bill\u201d is estimated to add up to $2.5 trillion in deficit spending<\/a>, piling onto the nearly $37 trillion national debt<\/a>.<\/p>\nBitcoins Geopolitical tensions and runaway government spending fuel Bitcoin adoption<\/h2>\n