$ 2,000,000,000 in demand for US treasury may come from digital assets in the following years: Treasury Secretary Scott Bessent
US Treasury Secretary Scott Besent says that digital assets can create $ 2 trillion demand for US treasury in the coming years.
On Tuesday morning, the Congress House Committee focused on the international financial system, Bessent saying The US should take on the world leadership of digital assets.
“We believe that the United States should be the main destination for digital assets, and since members of this committee and Senate are trying to make it, create a good market structure around it that our best practices are used around the world.”
He also says that the crypto market can give us the huge demand of the Treasury.
“Digital assets are an important source of innovation that can use the use of the US dollar worldwide, as well as Stablein's legislation. It is speculated that over the next few years, up to $ 2 trillion demands for digital assets for US government securities.”
Last month, Macroinvestor of veterans explained that Bitcoin (BTC) could affect the demand of the US Treasury. According to Gromen, the Bitcoin Bull Market usually increases the demand for dollar-puppet cryptocurrencies known as stable.
Stablecoin issuers, such as Tether and Circle, are predominantly hoping for the Treasury's invoices in support of their coins 1: 1. Since December 2024, Tether has invested over $ 94.47 billion to support USDT. As of February this year, Circle owns $ 22.047 billion T-bills to support its stable, USDC.
At the same time, the two stable bills that have been conducted through Congress demand for the 2025 stable law and the 2025 Genius Act, to invest in t-invoices and other real world assets to support their coins.
https://www.youtube.com/watch?v=v2fib2wx_i8
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