The Slow Death of “Risk-Free”: Why Wall Street’s Bitcoin Bulls Have Stopped Talking About Price

BitcoinWorld The Slow Death of “Risk-Free”: Why Wall Street’s Bitcoin Bulls Have Stopped Talking About Price For most of Bitcoin’s history, the loudest arguments in its favor were about price  –  how high it could go, how many multiples of gold it could capture, how early you still were.

What’s changed in the last year, and what surfaced again this weekend in comments from Bitwise CEO Hunter Horsley, is that the more interesting argument coming out of crypto’s institutional wing isn’t about price appreciation at all.

It’s about what happens to the asset that’s supposed to have no risk in the first place: the U.S. Treasury bond.

Horsley’s prediction  –  that capital will migrate out of Treasuries and into Bitcoin and gold over the next decade  –  landed alongside a related, more provocative claim from Bitcoin commentator Fred Krueger, who argued China could fully exit its Treasury holdings within seven years and replace them with gold.