Bitwise CEO Drops Truth Bomb: Bitcoin Isn’t Competing With Gold—It’s Gunning for US Treasuries
Move over, gold. Bitcoin's real showdown is with Uncle Sam's debt machine.
The crypto giant's CEO just flipped the script on traditional safe-haven narratives—and Wall Street's scrambling to adjust their spreadsheets.
The trillion-dollar cage match
While gold bugs cling to their shiny rock thesis, Bitcoin's quietly eating Treasury's lunch. Every institutional dollar parked in BTC is one that isn't propping up America's ballooning deficit.
Yield hunters vs digital scarcity
Treasuries? That's just risk-free returns waiting to get disrupted. Bitcoin's fixed supply and decentralized nature make it the ultimate hedge against monetary policy gone wild—or just another Tuesday at the Federal Reserve.
Funny how the 'barbarous relic' crowd never mentions the $34 trillion elephant in the room.
New adoption barriers for Bitcoin
While regulation has long been viewed as BTC’s biggest hurdle, Horsley now sees other issues rising to the surface.
According to him, regulatory uncertainty has become less of a concern due to US President Donald Trump’s pro-crypto administration. Yet, despite improved clarity, mainstream investor adoption remains slow.
He attributed the slow uptake to institutional fatigue. Many firms, he said, are overwhelmed by competing investment opportunities and lack the bandwidth to evaluate BTC properly.
He said:
“Most investors and allocators are very busy. They’re constantly presented with opportunities, including things that could 10x. Why do they need to turn their attention to Bitcoin, which for many is still a complicated topic.”
Horsley also warned that branding Bitcoin as “digital gold” might do more harm than good in markets like the US, where interest in the precious metal is relatively low.
