This article was quite interesting. A 1% increase in price for BTC is $93 million currently, gold is $2 billion and the bond market is multiple times that of gold. If the money starts moving out of bonds, we can see a huge shift in the markets.
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Do you think a lot of bond money could find its way into Bitcoin? Maybe I havent been paying attention but they seem like completely different buyers. I would guess that a lot of the bond money would end up in equites.
That said, the bond market is so big even a few percent of the whole moving into Bitcoin would be an enormous number.
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Yea a few percent from the bond market can make BTC jump 50% easily. Imagine the people freaking out if BTC was at 100k because 2-3% of money from bonds went to BTC.
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I think 2% of the bond market would be $600 billion.
That certainly would change things.
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