Doomberg: US pressure to hold Treasuries is 'wildly bullish' for bitcoin and gold

Doomberg ties Treasury pressure to a bullish case for bitcoin and gold

Financial analyst Doomberg argues that U.S. pressure on allied countries to hold U.S. Treasuries could push central banks toward gold and bitcoin over the long term. He made the case in a video interview published by Bitcoin Magazine on October 30, 2026.

Treasuries are U.S. government bonds that many central banks hold as reserve assets — savings used to support their currencies and settle international payments. Doomberg says pressure to keep those bonds changes the math for the countries that hold them.

Key points from the interview

• Doomberg says allies under pressure to hold Treasuries cannot freely sell them in a crisis.
• He argues that in a crisis "you sell what you can sell, not what you want to sell," which he says explains gold's weakness since February 28.
• He calls the long-term setup "wildly bullish" for gold and bitcoin as neutral reserve assets — assets not controlled by another government.
• He says younger, highly online generations are more likely to choose bitcoin over gold.

The "sell what you can" argument

Doomberg's reasoning works like this: if a country is pressured to hold its U.S. Treasuries, those bonds stop being a reliable source of emergency cash. In a crisis, he says, a central bank would have to sell whatever assets it is still free to sell — including gold.

He points to gold's short-term weakness since February 28 as a sign of that kind of forced selling. Over the longer term, he argues, the same pressure makes neutral reserve assets more attractive, because no foreign government can restrict their sale. He describes that setup as "wildly bullish" for both gold and bitcoin.

On the choice between the two, Doomberg says younger, hyper-online generations are more likely to pick bitcoin.

Other topics in the discussion

The full interview covers a wider set of subjects, according to its chapter guide. Topics include the Federal Reserve, Kevin Warsh and the U.S. midterm elections, the possibility of a renewed U.S.–Iran conflict after the midterms, Houthi refinery strikes and a scenario with Brent crude at $110 a barrel, how a diesel shortage can turn into a glut, Europe's energy crisis, French bonds and U.S. Treasuries, whether Germany would bail out France and the future of the EU, gold versus bitcoin as reserve assets, and Christine Lagarde's early exit and politics at the European Central Bank.

What is opinion, not confirmed fact

These are Doomberg's views and forecasts, not confirmed events. The article does not provide data showing that allies have been formally barred from selling Treasuries. Several items in the interview — such as a renewed U.S.–Iran war — are framed as open questions, and the claims about gold's recent weakness and the long-term case for bitcoin are his interpretation.

Sources

• Bitcoin Magazine