Bitcoin is not just digital gold — it’s a challenge to traditional savings
Bitcoin is rapidly evolving beyond being viewed as just a digital alternative to gold. Analysts now argue that Bitcoin’s total addressable market includes the $30 trillion US Treasury market, widely used by institutions and individual savers as a store of value.
“The opportunity for Bitcoin isn’t just gold; it’s the $30 trillion-plus used in Treasuries as a store of value,” industry experts note. This suggests that Bitcoin could one day replace traditional government bonds in portfolios seeking long-term security and capital preservation.
US Treasuries losing their safe-haven status
Historically, US Treasury bonds were considered the safest investment during times of economic uncertainty. However, recent macroeconomic volatility, rising national debt, and controversial fiscal policies are eroding confidence in these instruments.
In early 2025, the bond market experienced a sharp sell-off, as investors reacted to growing deficit spending and inflation concerns. The 10-year Treasury yield surged, indicating that investors now demand higher returns to offset increased risk.
“The US fiscal situation is bad,” noted one economist, referring to the long-term impact of multi-trillion dollar spending packages and rising debt, which now exceeds $37 trillion.
Bitcoin as an alternative to bonds and fiat currencies
Amid this backdrop, Bitcoin is emerging as a viable alternative for storing wealth. Its fixed supply, decentralization, and resistance to inflation make it an attractive option for those concerned about the erosion of purchasing power in fiat systems.
Geopolitical instability, inflation, and runaway debt are fueling Bitcoin adoption, as both institutional and retail investors look for non-sovereign assets that can preserve value.
Bitcoin gaining credibility as a macro hedge
In light of these developments, many investors now view Bitcoin not just as a speculative asset, but as a legitimate macroeconomic hedge. As confidence in traditional instruments like bonds and savings accounts declines, Bitcoin’s appeal as a long-term store of value grows stronger.