The fight for Bitcoin control in safe home assets intensifies as government bonds emerge as their most intense rivals, restructuring investor strategies as they ease regulatory hurdles and change the wealth paradigm.
Government bonds emerge as a major competitor for Hunt Bitcoin for safe haven assets
The role of Bitcoin in global finance is increasingly debated as it competes with both traditional and new value stores. Hunter Horsley, CEO of Bitwise Asset Management, shared his views on Bitcoin's competition on social media platform X this week. Horsley said on June 19:
I don't think that Bitcoin competition will ultimately become gold…or rather, I think that Bitcoin competition will become bonds from the US Treasury and other governments.
The executive explained that gold is less volatility and BTC is more volatility, while both attract investors looking to replace traditional financial assets.
On June 20th, Horsley distinguished institutional investors from individual investors. He said for most individuals, real estate functions as a major reservoir of value. He questioned whether residential real estate, which he appreciates due to the imbalance of supply and demand, could be a true addressable market for Bitcoin, and shifted comparisons from financial instruments to tangible wealth storage assets.
CEO Bitise also discussed the changing obstacles for Bitcoin investment. He said:
Previously, “regulatory uncertainty” was the biggest obstacle to Bitcoin for investors. This is no longer the case in 2025. This is very unlocked. The shock has not yet been fully visible.
He detailed that the main obstacles that emerge are time constraints and perceptions of Bitcoin's value. Many investors and allocators are overwhelmed by many opportunities. Some have the potential for big returns, making it difficult for many to prioritize attention to BTC, which remains complicated. Furthermore, these issues are expected to become more pronounced in the coming quarter as a comparison between Bitcoin and “digital gold” is shunned entirely by some investors, such as family offices, and consider it to be an unpopular asset class in the US, but not immediately concerned.
