Thursday , July 18 2019
Home / FT Alphaville / Bitcoin is the 10-year Treasury of our time

Bitcoin is the 10-year Treasury of our time

Summary:
Well this is embarrassing. Just weeks after we were forced to admit there was a cracking use-case for bitcoin, we've once again been left red-faced. Bitcoin has risen while other risky things have fallen, and in so doing has proven, once and for all, that it is a safe-haven asset. Don't believe in central banks? No worries. Bitcoin is the US 10-year Treasury of the modern era. It hit a nine-month high on Sunday of around ,400. Nuff said. For proof of its risk-free credentials, look no further than Twitter, where you will find plenty of cool-headed market commentary, featuring lists of high-risk things (like shares in actual companies and the currency of the world's second-biggest economy) in the red, and safe things (like bitcoin) in the green. As one example, here's chart crime maestro

Topics:
FT Alphaville considers the following as important:

This could be interesting, too:

Eric Crampton writes Stats and IDI funding

Bradford DeLong writes Brad DeLong's Grasping Reality 2019-07-17 21:45:52

Bradford DeLong writes Brad DeLong's Grasping Reality 2019-07-17 21:31:26

Bradford DeLong writes Brad DeLong's Grasping Reality 2019-07-17 20:10:29

Well this is embarrassing. Just weeks after we were

FT Alphaville
FT Alphaville is a free daily news and commentary service giving finance professionals the information they need, when they need it. In a world where market professionals are inundated with information there is a pressing need to edit and filter, and hopefully sow a few ideas along the way. That’s where the FT Alphaville team comes in.

Leave a Reply

Your email address will not be published. Required fields are marked *