The bitcoin market is facing a macro environment unlike any it has encountered in its 17-year existence.
That’s tied to inflation-adjusted returns on bonds. The 30-year Treasury Inflation-Protected Security (TIPS) is now offering a yield of close to 3%, the highest in 17 years, according to TreasuryBonds.com.
“This is one of the greatest wealth preservation opportunities in decades. Investors can lock in nearly 3% annual returns above inflation for the next three decades, backed by the U.S. government,” the site noted.
In traditional markets, bonds are considered safe havens. When a haven asset offers a 3% return in excess of inflation, it raises the opportunity cost of holding non-yielding or riskier assets like gold and…
