#peterschiffbitcoin
peterschiffbitcoin
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Economist and well-known crypto critic Peter Schiff warns that falling U.S. Treasury bonds could change the landscape for Bitcoin as a store of value and “digital gold.”
When bond prices drop, their yield or interest rate rises.
Schiff argues that an environment of high yields in sovereign, risk-free assets makes speculative or non-cash-flow-generating assets less attractive, such as BTC.
If investors are looking for a hedge against inflation or the deterioration of the U.S. fiscal outlook, they will prefer to take shelter in physical gold or in the real yield of government debt, leaving BTC vulnerable to mass liquidations.
Schiff’s position boils down to this: pressure in the bond market will expose Bitcoin’s volatility, dismantling the idea that it can act as a safe haven during monetary turmoil.
#EEUU #oro #BTC #PeterSchiffBitcoin #BonoDelTesoro $BTC $XAU
When bond prices drop, their yield or interest rate rises.
Schiff argues that an environment of high yields in sovereign, risk-free assets makes speculative or non-cash-flow-generating assets less attractive, such as BTC.
If investors are looking for a hedge against inflation or the deterioration of the U.S. fiscal outlook, they will prefer to take shelter in physical gold or in the real yield of government debt, leaving BTC vulnerable to mass liquidations.
Schiff’s position boils down to this: pressure in the bond market will expose Bitcoin’s volatility, dismantling the idea that it can act as a safe haven during monetary turmoil.
#EEUU #oro #BTC #PeterSchiffBitcoin #BonoDelTesoro $BTC $XAU
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