Bitwise CEO Hunter Horsley recently took to X and highlighted Bitcoin’s (BTC) potential of capturing not just the gold market, but the $30 trillion US Treasuries market. Horsley stated, “The opportunity for Bitcoin isn’t just gold; it is the $30 trillion-plus using Treasuries as a store of value.“

Will Bitcoin Capture the Gold and US Treasuries Market?

Horsley’s Bitcoin (BTC) comment came as a response to an analysis by Mohamed A. El-Erian. El-Erian believes that US Treasuries no longer hold their “safe haven” status. He highlighted how treasury yields barely moved after the Israel-Iran conflict. El-Erian instead asked market participants to look at gold and silver. He stated, “The flows are happening; they’re just not headed to Treasuries as historical experience would suggest.“

Horsley added to El-Erian’s argument that Bitcoin (BTC) could be the asset that competes with gold and US Treasuries as a store of value.

Gold has a market of about $16 trillion. The US Treasury market, on the other hand, is valued at around $30 trillion. Together, they could expose BTC to a potential total of $46 trillion. If funds flow to BTC instead of gold and US Treasuries, the asset may not just store value, but give massive returns as well.

Also Read: Bank Of America Compares Bitcoin to The Creation Of The Internet

Bitcoin (BTC) has been one of the best-performing assets of the last decade and a half. The original crypto has even outperformed major tech company stocks. BTC entered mainstream US finance after the SEC approved BTC-based ETFs last year. Several financial institutions have drastically increased their exposure to BTC over the last year. The figure is only expected to grow over the next few years.

Despite the increase in Bitcoin (BTC) exposure, the budding asset class still represents a small percentage of global investments. There is still a lot of room for exponential growth.