Why Bitcoin Treasuries Matter: Key Takeaways from Bitwise CEO Hunter Horsley
Bitwise CEO Hunter Horsley views corporate Bitcoin treasuries as potential stabilizers that bring long-term discipline to the volatile crypto sector.Summary
Public companies now hold over 1 million BTC, with 90.4% concentrated in the US, leading to discussions about Bitcoin competing with traditional US Treasuries. Hunter Horsley, CEO of Bitwise, suggests that Bitcoin Treasury Companies and Digital Asset Trusts (DATs) can stabilize the crypto industry by providing investor relations, yield strategies, and long-term balance sheet discipline, moving away from purely speculative behavior. This corporate adoption occurs while US 10-year Treasury yields are rising, creating a challenging backdrop for risk assets like Bitcoin. Despite macroeconomic headwinds, some analysts believe declining OTC supply and slowing long-term holder sales suggest underlying institutional demand remains strong, potentially countering bearish sentiment spread by those seeking cheaper Bitcoin. Furthermore, executives like Jack Mallers argue the real competition is Bitcoin challenging US Treasuries in global finance, positioning Bitcoin as neutral money offering a superior store of value compared to government bonds.
(Source：BeInCrypto)