Why turmoil in the bond market is boosting gold and Bitcoin - KEYE
Why turmoil in the bond market is boosting gold and Bitcoin - KEYE
Source: KEYE
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DW NOTE
Bond markets are pricing in sovereign insolvency risk for the first time in a generation — that's what sends capital into assets governments can't print more of. With the US deficit running at $1.9 trillion (6% of GDP) and the Fed holding rates at 3.65% while oil supply is down 4%, treasury yields can't compensate for real erosion. Gold at $4,654 and Bitcoin's strength aren't speculative bets; they're rational exits from paper claims on bankrupt states.