Why turmoil in the bond market is giving a boost to gold and Bitcoin - Baltimore Sun
Why turmoil in the bond market is giving a boost to gold and Bitcoin - Baltimore Sun
Source: Baltimore Sun
―
DW NOTE
The last time Treasury volatility spiked this hard was March 2020, when the Fed had to buy $1 trillion in a fortnight to stop the market seizing up. Gold is up 3.66% this week because investors have noticed that the world's reserve asset now trades like a penny stock whenever someone sneezes. Bitcoin benefits from the same dynamic: when sovereign debt looks riskier than code, the code starts to look like the safer bet.