My Martin Young
Bitcoin markets will behave more like that of Treasury bonds and gold during market recovery, said the analysts.
Bitcoin may behave more like US Treasury bonds: Bloomberg IntelligenceNEWS
The latest crypto market research from Bloomberg Intelligence suggests that Bitcoin (BTC) may start to behave more like United States 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 policies have resulted in similarities in Treasury bond markets and Bitcoin: