‘Time for Plan ?,’ Says VanEck Exec as Negative Yield Bonds Hit $15 Trillion
Jack Martin's original article for cointelegraph.com reduced by 53%
According to Deutsche Bank, 27% of global bonds traded are now negative yield, so expected to pay out less than their initial cost. Or as VanEck digital asset director, Gabor Gurbacs, commented Aug. 14, this is 75 times the total Bitcoin market cap.
This prompted Bitcoin perma-bull, Max Keiser to tweet that "Bitcoin has no top because fiat has no bottom." Global economic uncertainty around unchecked quantitative easing, trade wars, deflationary technology and political instability has driven more and more investors towards negative yielding bonds. The total value of such bonds has risen to $15 trillion dollars, almost tripling since Oct. 2018.
Countries such as Switzerland, Sweden, Germany, France, the Netherlands and Japan, are all issuing bonds with negative interest rates. Faced with negative yield from government bonds as one safe haven investment, investors must surely look to alternatives such as gold and increasingly Bitcoin as the technology is now over a decade old.
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CN [too long; didn’t read]
Summarised crypto news.