I've seen this dude, Mohamed El-Erian, on CNBC a few times over the years, seems like a nice fella, anyways, prolly nothing... https://www.thestreet.com/crypto/ma...bitcoin-emerging-as-safe-alternative-to-bonds Advisor for $2 trillion Allianz says bitcoin emerging as 'safe' alternative to bonds In a recent interview, Mohamed El-Erian pointed out that more people are turning to bitcoin as a government bonds lose confidence. SABRINA TOPPA OCT 30, 2023 4:02 PM EDT Bitcoin, the world’s largest cryptocurrency, offers more of a safe haven than U.S. government bonds these days, according to the chief economic advisor of Allianz, a German financial services company with $2 trillion under management. "We haven't seen the flight to quality and the flight to safety [to U.S. Treasurys] that you would expect, given what's happening in the world," Mohamed El-Erian, Allianz chief economic advisor and president of Queens' College, Cambridge, told CNBC. The latest turmoil in the Middle East has not brought more people to the Treasury market, traditionally seen as a place to retreat during times of political and economic turbulence. Instead, El-Elrian noted that bitcoin is becoming a more appealing investment. “You have people talking about bitcoins, about equity being the 'safe asset' because they've lost confidence in government bonds being the safe asset," El-Erian explained. “But the reality is that the 10-year yield today is a good 70 basis points higher than it was before this latest conflict erupted."
Bond traders are supposed to be very smart Do not show them this page. Bonds are going to 0 against bitcoin https://www.pricedinbitcoin21.com/landing
I saw this page. The bond traders are one of the happiest traders in this world. Those bond traders who shorted say ZB bond @128, 3 months ago are laughing all the way to the bank. Now ZB is at @110, ie 16% movement. The 16% seems relatively small but Bond traders typically trade in very huge quantities. If it goes to zero, then they will be trillionaires.
And in (Safe) millennial news... executives from Safemoon have been indicted by DoJ and FBI this week. Braden John Karony and Thomas Glenn Smith have been arrested, while Kyle Nagy is still at large. I honestly didn't expect arrests to happen. It was such an obvious rug-pull, only a millennial would be foolish enough to fall for it. And that they did!
The worst performing asset class in the past 3 years are bonds, and those bond investors are finding out that bitcoin-linked bonds are the best performing, mstr and El Salvador prolly nothing...