Bitcoin may behave more like US Treasury bonds: Bloomberg Intelligence
Bitcoin markets will behave more like that of Treasury bonds and gold during market recovery, said the analysts. The latest crypto market research from Bloomberg Intelligence suggests that Bitcoin may start to behave more like United States (U.S.) Treasury bonds and gold, rather than stocks.In its August Crypto Outlook report, penned by Senior Commodity Strategist Mike McGlone and Senior Market Structure Analyst Jamie Coutts, the research unit compared Bitcoin markets to those of gold, bonds, and oil.The authors suggested that macroeconomic influences such as the Federal Reserve’s monetary....
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The declaration appears as Bitcoin pops back above $50,000, with its addition in a Gold-Bond portfolio outperforming the S&P 500 index. What is protecting an investment portfolio from potential stock market volatility? As per Bloomberg Intelligence's Mike McGlone, a merged exposure of Bitcoin (BTC), gold, and government bonds.The senior commodity strategist, who sees BTC heading to $100,000, pitted derivatives in a new report representing the three safe-haven assets against the performance of the S&P 500 index, finding that the trio has been outperforming the benchmark Wall Street index at....
“Bitcoin is the answer” is a phrase that’s thrown around regularly both in a serious and comical manner all across the crypto community. But in a future where there is limited potential upside in equities and bonds, the cryptocurrency could very well be the solution to further wealth accumulation. That’s exactly what a Bloomberg Intelligence Senior Commodity Strategist claims, offering a chart with Bitcoin “juxtaposed” versus quantitative easing to back up the theory. Here’s what […]
A major bank in Australia is developing a blockchain-based system for the sale of government bonds. The Australian Financial Review reported that Commonwealth Bank of Australia has designed a blockchain network concept that could be utilized to issue and exchange government bonds. The Queensland Treasury Corporation, which acts as the Australian state’s central financing authority and provider of treasury services, is said to have tested the concept. Other states in Australia, according to the newspaper, have also eyed the technology. Deputy CEO for the Queensland Treasury Corporation....