Bitcoin Could Outlast Dollar, Says Bitwise’s Jeff Park
Jeff Park, Head of Alpha Strategies at Bitwise Invest, suggests that Bitcoin (BTC) may have a higher chance of outlasting the U.S. dollar over the next three decades.
Park’s comments come in light of a major liquidity rupture in the bond market, which revealed growing stress in short-term funding. He described this as “an actual truth to grapple with,” underscoring Bitcoin’s potential in comparison to the dollar.
The remark followed an overnight shift in market conditions, notably the SOFR-Fed Funds spread, which fell to -3.46 basis points. A negative spread typically signals liquidity stress and is often a precursor to broader market volatility.
Liquidity Stress Signals Growing Concerns in Traditional Markets
The decline in the SOFR-Fed Funds spread is just one indicator of a deepening liquidity crisis, as multiple financial metrics align to show increasing tension in the markets. Park pointed to these signals, such as hedge funds deleveraging and rising Treasury yields, amid mass selling of traditional risk-off assets. With traditional safe havens like Treasuries showing weakness, Bitcoin could be positioning itself as a safer, more stable alternative in uncertain times.
Spencer Hakimian, Founder of Tolou Capital Management, described the market’s reaction as a “liquidation spiral” after a breakdown in the 10-year yield market. Forced sales of U.S. government debt further stressed the bond market, revealing the deepening fragility in traditional assets.
Global Trade Instability Amplifies Bitcoin’s Appeal
In addition to market turbulence, President Trump’s ongoing trade war has compounded the situation. The U.S. has now imposed tariffs on over 60 countries, including major economies like China, the EU, and Japan, with some levies exceeding 100%. These disruptions, coupled with China’s retaliatory measures, including rare earth export restrictions, have added further instability to global supply chains.
Luke Broyles from TheBTCAdviser pointed out that the lack of demand for bonds, coupled with a 30% Bitcoin drawdown, highlights the continued decline of traditional safe havens. Broyles maintains that Bitcoin is better positioned to outperform equities and bonds amid this evolving economic landscape.
In light of these developments, Bitcoin appears to be emerging as a more resilient asset, potentially overshadowing the dollar and traditional financial instruments as investors seek refuge from growing market uncertainty.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
