Binance Research: US Treasury Bond Issuance Size Key Macro Indicator, Cryptocurrency to Be Significantly Impacted

BlockBeats News, April 18, Binance Research released a report titled "Record U.S. Treasury Supply in 2025 - Impact on the Macro Economy and Cryptocurrency," stating: "The U.S. Treasury plans to issue up to $31 trillion in debt in 2025, equivalent to 109% of projected GDP and 144% of M2 money supply, reaching a historical high. Foreign holders own about one-third of U.S. debt, and a decrease in demand may drive up funding costs. Even if demand remains stable, the sheer size of the issuance is a structural challenge. While recent risk asset markets have seen some relief, possibly due to optimism in trade negotiations, the relief's impact on alleviating the continued pressure on the entire 2025 interest rate market is minimal."

"The sustained interest rate pressure from Treasury supply may affect risk assets (including cryptocurrencies). However, if the government eventually turns to debt monetization — i.e., covering deficits by printing money — this could strengthen the argument for Bitcoin and other hard assets as a hedge against currency devaluation. This macroeconomic trend is worth close attention. The unprecedented expansion of the 2025 U.S. Treasury issuance is a key macro indicator, and its ripple effects may extend from risk-free rates to market liquidity; if yields surge, it could compel policy responses from the White House and the Federal Reserve."