Caitlin Long: US fiscal burden is driving bitcoin and stablecoin demand
- —Long: without $40T in debt and Medicare/Social Security obligations there would be no BTC or stablecoin demand
- —The US Treasury is pressing banks to accept tokenized dollars, creating fresh demand for Treasuries
- —Tether users in emerging markets save in dollars rather than local currency, adding marginal Treasury demand
- —Long: the Fed is hostile to crypto, and it is the only cautious holdout inside the Trump administration
Why it matters: The argument ties bitcoin and stablecoin demand directly to US fiscal policy, reinforcing the 'bitcoin as a debt hedge' narrative.
Source: TokenPost