Historic moment: Gold yields surpass US Treasuries for the first time!
Investors prefer holding non-yielding gold over 'risk-free' US Treasuries — a crisis of trust in the traditional financial system.
Reasons:
High inflation and negative real yields on US Treasuries;
Geopolitical risks and the weakening status of the US dollar as a reserve;
Central banks around the world are buying gold aggressively and selling US Treasuries.
Impact on the crypto market: Bitcoin = digital gold, with even greater opportunities! Institutions have included it in their hedge allocations.
Gold + Bitcoin are joining forces to challenge the dollar's hegemony.
