Bitcoin Hits Record High Against BlackRock's U.S. Treasury ETF as Investors Search for Returns: Van Straten

Coindesk
04 Nov 2024
  • BlackRock's long-term U.S. treasury bond ETF, TLT, has dropped 8% year-to-date against bitcoin, which is up 55%.
  • U.S. Treasuries are considered a liquid, global reserve asset.
  • Bitcoin dominance made new highs over the weekend at 60.56% of crypto-market cap.

Bitcoin (BTC) is becoming even more dominant in crypto markets and is growing in importance against U.S. Treasuries, the bedrock of the American financial system and among the world's largest and most liquid markets, in a signal some investors may be looking to take on more risk in the search for greater returns.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10