Here’s why Bitcoin is becoming an option for Wall Street veterans

The disappointing state of Treasury bonds could trigger a rescue plan from the Fed. Either way, Bitcoin is likely to attract more liquidity. Here’s how…growth over the last few days may have gladdened the hearts of market players. However, according to IntoTheBlock, the king coin’s performance has also influenced the macroeconomic landscape, especially in the U.S.U.S.

“This creates structural problems for the economy since the rates the government pays on their debt continue rising along with the size of their debt.Meanwhile, the loss of the bonds seems to be a gain for Bitcoin as Wall Street veterans who are mostlyto traditional assets are looking in the direction of the cryptocurrency. This was also evident in the digital asset investment report of 16 October.that investment products around Bitcoin rose for the third consecutive week.

In terms of volatility, BTC has been less volatile than bonds in the last 30 days, despite the former recognition as a very volatile asset. However, there are specific reasons for theBitcoin has enjoyed lately. One of which is the increasing optimism around the market that a Bitcoin spot ETF would soon beAnother factor is the resolute nature displayed by long-term holders of the coin. At press time, about 80% of Bitcoin holders have held for at least six months.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street analysts expect a near-term pullback while retail investors remain bullishBulls or Bears? Wall Street vs. Main Street puts together leading analysts and regular metals investors to find out where they think gold is headed next week. Picked up and quoted by other leading news organizations, this feature has become a cornerstone for the industry and an indicative benchmark.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Stock market today: Wall Street closes out its worst week in a month with more lossesNEW YORK (AP) — Wall Street closed out its worst week in a month with more losses. The S&P 500 fell 1.3% Friday. The Dow lost 286 points, and the Nasdaq composite dropped 1.5%.
Source: SooToday - 🏆 8. / 85 Read more »

Netflix jumps another 15% as Wall Street applauds 'upside surprises' in earningsNetflix stock jumped another 15% on Thursday after the streamer beat earnings expectations in the third quarter. Analysts are bullish on its future.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »