Cryptocurrencies are facing a new threat: the lure of Treasuries offering a similar payout for a whole lot less risk.
Cryptocurrencies are facing a new threat: the lure of Treasuries offering a similar payout for a whole lot less risk. In a rare reversal, crypto yields that institutions typically seek out have fallen below what the US government pays to borrow for three months, giving the hedge funds and family offices that have flocked to the digital space one less reason to keep investing.
The Federal Reserve's hawkish stance is driving up interest rates almost everywhere -- except in the speculative world of crypto, where yields have collapsed alongside volumes, wiping out some of the main avenues for generating double-digit returns, while the implosion of the Terra stablecoin project and the failures of crypto lenders like Celsius Network shook confidence.
“Two years ago, interest rates in crypto were at least 10% and in the real world rates were either negative or near-zero,”...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...