Gold has climbed 32% over the past year while Bitcoin has fallen 46%, challenging the idea that BTC would be the preferred scarce asset during a period of mounting government debt concerns. Global government bond yields have returned to levels Bitcoin has never experienced. A Bloomberg index tracking long-term sovereign debt recently reached its highest yield since July 2008months before Bitcoin launched in January 2009 amid the global financial crisis. The pressure extends across major economies. UK 10-year government bonds yield about 5.05%, while Germany and Japan offer roughly 3.21% and…
Source:: Gold Outshines Bitcoin as High Bond Yields Pressure BTC