Investors Dem Dey Run Come Bitcoin Pass Bonds Amid Yield Wahala and ETF Boom
Bitcoin dey gbadun well well cos di wahala wey dey for yield volatility and risk wen dem get for fiat currency dey make investors commot for sovereign bonds. As US Dollar Index drop reach 12-month low and real yields dey weak, di 30-day correlation between Bitcoin and S&P 500 pass 0.4—di highest since 2020. US service inflation wey no dey stop, fiscal deficits wey dey widen and Moody’s downgrade to AA1 don make bond market dey shake, Japan debt crisis na example. For di past three years, Bitcoin don return 375.5%, pass gold, S&P 500 and Nasdaq 100. Approval of 12 US spot Bitcoin ETFs with $132.5 billion AUM don support institutional adoption. Modern portfolio theory talk say 16% Bitcoin allocation fit optimize Sharpe ratio pass 0.3–0.5 wey US bonds get. High-profile investors and corporate treasuries don hold big BTC positions now, showing Bitcoin scarce and e fit yield well as hedge against fiat and bond risks.
Bullish
Di shift wey dey happen from sovereign bonds to Bitcoin because of yield wahala, dollar wey weak plus how institutional ETFs dey take am show say people dey get more confidence for Bitcoin as hedge. For short term, more ETF money wey dey enter plus big people wey dey endorse fit make price go up. For long term, Bitcoin fixed supply, correct portfolio allocation plus how corporate and institutional holdings dey expand dem dey support better bullish feeling even as macro risk and de-dollarization still dey.