Bitcoin could behave more like US Treasuries: Bloomberg Intelligence

Bitcoin Markets Will Behave More Like Treasuries and Gold During Market Recovery, Analysts Say .

The latest crypto market research from Bloomberg Intelligence suggests Bitcoin may start behaving more like US Treasuries and gold, rather than stocks.

In its August Crypto Outlook report, authored by senior commodities strategist Mike McGlone and senior market structure analyst Jamie Coutts, the research unit compared Bitcoin markets to those of the gold, bonds and oil.

The authors suggested that macroeconomic influences such as the Federal Reserve's monetary policies have resulted in similarities between the Treasury bond markets and Bitcoin:

"Tighter markets and falling global growth support the Federal Reserve's shift to a meeting-by-meeting bias in July, which could help pivot Bitcoin into a directional tilt closer to the good US Treasury than stocks."

They also added that a “dump nature of commodities” and falling bond yields suggest an increase in the likelihood that bonds, gold and bitcoin will be supported as inflation wanes.

Is rinsing complete? Booms, Busts and #Bitcoin vs. #Gold, #Bonds, #Oil - That the falling tide has calmed down for most assets is the main binary issue for 2H, and in most scenarios Bitcoin and Ethereum look set to exit on your mind. Link to Pdf: https://t.co/iFSCZIULHe

Treasury bills, often referred to as T-Bonds, are long-term government debt securities issued by the US Treasury Department. They have a fixed rate of return and a fixed maturity period...