Binance Research Institute: The issuance scale of US treasury bond bonds is a key macro indicator, and cryptocurrency will be deeply affected

BlockBeats news, on April 18, the Binance Research Institute released the report "The supply of US treasury bond bonds will reach a record in 2025- the impact on the macro-economy and cryptocurrency", which pointed out that: "The US Treasury Department plans to issue up to US $31 trillion of debt in 2025, with a scale of 109% of the estimated GDP and 144% of the M2 money supply, a record high. Foreign holders own about one-third of the US debt, and declining demand may push up financing costs. Even if demand remains stable, the huge size of issuance itself is a structural challenge. The recent surge in the risk asset market may be related to the optimism of trade negotiations, but it will have little effect on easing the continuous pressure on the interest rate market in 2025." "The continuous pressure from the supply of treasury bond to raise interest rates may have an impact on risky assets (including cryptocurrencies). However, if the government finally turns to monetization of debt - that is, to offset the deficit by printing money - this may strengthen the argument that Bitcoin and other hard assets are used as hedging tools for currency depreciation. This macroeconomic dynamic deserves close attention. The unprecedented expansion of the issuance of U.S. treasury bond in 2025 is one of the key macro indicators, and its chain reaction may extend from risk-free interest rates to market liquidity. If the yield soars, it may force the White House and the Federal Reserve to take policy responses."