TV presenter and founder of Heisenberg Capital, Max Kaiser, linked the decline in the quotes of the first cryptocurrency with an increase in the yield of US Treasury bonds.
Data: X.
“Rising rates will continue to challenge the price of bitcoin with the flow of capital into high-yield instruments,” he wrote.
Kaiser’s response followed a report that 10-year Treasury bonds were approaching their highest yield since 2008.
“Get ready for 8%+ mortgages and 30%+ credit card rates,” The Kobeissi Letter said.
In August 2020, Kaiser managed to predict the growth of bitcoin above $28,000. In May 2021, he predicted the rise of the first cryptocurrency to $220,000, but this has not yet happened.
Recall that in May 2023, Kaiser supported the position of the head of the US Securities and Exchange Commission, Gary Gensler, that all cryptocurrencies, with the exception of bitcoin, are securities.
On Thursday, August 17, the price of digital gold plummeted from $28,000 to $25,000. Experts attributed this to Elon Musk’s SpaceX bitcoin sale, the crisis of Chinese real estate developer Evergrande, and the sale of a major market participant.
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2023-08-20 08:16:48
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