BitcoinBitcoin.combridgewater associatesCryptocurrenciesEconomicsInflationteslaTreasury BondsU.S stimulusu.s. congressU.S. Federal Reserve

Hedge Fund Manager Says Sell-off in US Treasury Bonds a Threat to ‘High-Flying Assets’ Like BTC

Hedge fund manager Bob Prince has warned that the recent sell-off in the U.S. government bond market could accelerate and this could “threaten high-flying assets” like cryptocurrencies and blank cheque companies. Prince, who is the co-CIO at Bridgewater Associates, links this looming downturn in the $21 trillion Treasury market to the improving economy as well, as growing inflation pressurizes.

These two factors according to Prince could “push the Federal Reserve to consider reeling back its stimulus measures.” Still, as one report explains, the Federal Reserve policymakers are “brushing off the Treasury sell-off as a healthy reaction to the budding U.S. economic recovery.”
However, Prince asserts that this “surge in cryptocurrencies like bitcoin is a manifestation of that environment created by the loose monetary policy of the US central bank and stimulus provided by the U.S. Congress.”

Story continues on Bitcoin.com

Related posts
BitcoinCointelegraph.comETFGrayscaleInstitutions

Digital asset investment products hit record $4.2B inflows already this quarter

Bitcoin dominates but Ethereum is growing in popularity for institutional investment products. According to digital asset investment manager, CoinShares, institutional-grade crypto asset investment products inflows have already reached record levels so far in 2021.According to Coinshares’ March 15 Fund Flows…
$630 Billion AUManalystsBank of America SurveyBitcoinBitcoin.comBloomberg economics editorBOABoA SurveyBTCeconomistsEconomyEdward MoyaFed ChairFinancefund managershyperinflationInflationInflation Concernsjerome powellMonetary TighteningPeter CoyV-shaped recovery

Inflation Concerns Supersede Covid-19: 220 Investors Managing $650B Say Economy’s Biggest Risk Is Inflation

As mainstream media pundits like the Bloomberg economics editor Peter Coy tell Americans to “tune out the hyperinflation hype,” fund managers from a recent Bank of America survey who collectively manage $630 billion, believe inflation is the biggest risk to…
AdoptionBitcoinCointelegraph.comInvestmentmorgan stanleyNewsNYDIG

NYDIG head says major firms will announce Bitcoin ‘milestones’ next week

“I know starting more or less next week, you’re going to see an absolute drumbeat of pretty game-changing milestones from some of these firms.” — Stone Ridge co-founder We are on the brink of Bitcoin’s mass adoption, says the CEO…