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Wednesday, March 22, 2023

Bitcoin Might Follow The Course Of US Treasury Bonds

Bitcoin is one of the most famous names when it comes to cryptocurrency. The company is largely responsible for popularizing the idea of digital assets to the outer world. They emerged as the powerhouse in the cryptocurrency market in the last few years. The company progressed rapidly over the years and gained a huge amount of profit as well. Bitcoin has been the reason most investors have gotten attracted to the crypto market. Sadly enough, it seems as if the majority of the investors are losing their faith in the company.

According to recently published data, several companies have been disposing of the shares they had in Bitcoin. As per the latest news, as many as 236,237 BTCs have been sold since the month of May. These coins amounted to a whopping $5.452 billion. However, all these figures are not concerning the experts at all. They have reassured all the investors about the trend being a rough patch.

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Prominent analysts have stated that even though the prices of BTC shares are significantly low, they are still five times more than what it was in the month of March. The ability of the company to power through and grow even in tough times has hinted at its strength and potential for the future. A recent report has hinted that Bitcoin might follow the patterns of the US Treasury Bonds soon. Let us learn more about the story in detail below. 

Bitcoin To Follow US Treasury Bonds Model? 

Bitcoin has been showing steady signs of a comeback. Such a trend has made the experts speculate about the ultimate path they are going to follow in the future. 

According to a recently published report, the rules and regulations of Bitcoin are very much similar to that of the US Treasury Bonds. Thus, it is possible that the company might be headed in that direction. 

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