US Treasury Secretary Scott Bessent says digital assets can create $ 2 trillion in demand for the next few years.
Bessent, who appeared before the House of Representatives, who focused on the International Financial System on Tuesday morning, said the United States should play a global leadership for digital assets.
“We think that the United States should be the best destination for digital assets, and we create a good market structure for US model cases to be used around the world as our members and senators work together.”
He also says the encryption market can give us a huge demand to the Treasury.
“Digital Assets, like the Stablecoin law, is an important source of innovation that can lead the use of US dollars around the world. It is speculated that there may be up to $ 2 trillion in demand for US government securities for US government securities.”
Last month, Veteran Macro investor Luke Gromen explained that Bitcoin (BTC) could affect the demand for the US Treasury. According to GRON, the Bitcoin Bull market generally increases the demand for many dollars known as Stablecoins.
STABLECOIN issuers, such as tethers and circles, are mainly dependent on the Treasury Books and support the coins by 1: 1. As of December 2024, TETHER has invested more than $ 94.47 billion in T-Bills to support USDT. As of February this year, CIRCLE owns $ 224.7 billion worth of T-Bills to support Stablecoin and USDC.
Meanwhile, two stable legislation through parliament, stable law in 2025 and the 2025 genius law (Genius Act of 2025) require the issuer to invest in T-Bills and other real assets to support coins.
https://www.youtube.com/watch?v=v2FIB2WX_I8
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