Binance Research： The issuance scale of US Treasury bonds may exceed $31 trillion by 2025, which may affect the performance of the cryptocurrency market

Foresight News reported that according to the analysis of Binance Research, the total issuance of US treasury bond bonds (including refinancing) in 2025 is expected to exceed $31 trillion, equivalent to about 109% of the US GDP in that year, and 144% of M2, indicating unprecedented financing pressure. About one-third of US Treasury bonds are held by overseas investors, and if they reduce or shift their holdings, it may push up financing costs and bond yields. Binance Research points out that even if demand is stable, supply itself will still exert structural pressure on the interest rate market. If the government ultimately chooses debt monetization, that is, filling the deficit through "printing money", it may strengthen the position of hard assets such as Bitcoin as hedging tools against currency depreciation. It is recommended to closely monitor the relevant macro trends.