Bitcoin Seen as a Collateral Asset to Replace U.S. Treasury Bonds

Bitcoin (BTC) has been suggested as a potential "top-tier collateral asset" that could replace U.S. Treasury bonds in the long term. Bill Barhydt, CEO of Abra, stated on the podcast "The Wolf of All Streets" on the 23rd that the demand for Bitcoin as collateral will increase alongside advancements in AI. He projected that AI models will evolve every six months and reach a stage where they can solve real-world problems within the next four years. CEO Barhydt emphasized that the core role of Bitcoin is not as an "investment" but as "collateral," explaining that once AI enters a phase of selecting and trading assets, Bitcoin could be utilized as a reliable collateral. He analyzed that Bitcoin might correct to the low $70,000s after recovering to $85,000, and if it finds stability, it could rise to $100,000. He also added that the U.S. Treasury's funding policies could impact the liquidity of the digital asset market.

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