Bloomberg expert unveils major impediment for Bitcoin's hopes of bull run
that a new economic reality is dawning on Bitcoin , which appears to be a major competitor for the premier digital currency. According to the analyst, the realities of Bitcoin competing with a 5% interest rate in Treasury Yield might stump its growth in no small measure.The Bloomberg market expert likened Bitcoin to a"teenager raised on a high-sugar/stimulant diet of extraordinarily low-interest rates and facing weaning.
He presumed that the majority of the positive network features, like its limited supply and early adoption trend that gave in the early days, cannot help it withstand the shift in interest from government bonds that offer so much safety.might be akin to a teenager raised on a high-sugar/stimulant diet of extraordinarily low interest rates and facing weaning. The basics of limited supply and early days of global adoption may be superseded by the star youth performer confronting 5% US Treasury bills and…
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