Is Bitcoin Decoupling From The Economy? – Bitcoin Magazine

The following is a direct excerpt from Marty’s Bent Output #1271: “Rising prices, begging and the relative strength of Bitcoin. Sign up for the newsletter here.

Last week we discussed the fact that sovereign credit default swap spreads are completely deviating from their historical averages. In this article, we have highlighted that rapidly rising interest rates are beginning to have a significant impact on government bond interest payments. Our friend Lawrence Lepard has done some rough calculations on the precise implications of this type of high-yield environment for the amount of money the US government will owe its counterparts in interest payments if interest rates continue to rise. At that rate, interest payments will be about 3.5 times what they will be in 2020. Of course, this will not happen immediately as many of these government bonds have to mature. However, looking at the maturity calendar, a significant portion of these Treasuries will mature over the next two years.

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