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Bitcoin Correlation with US 10-Year Treasury Suggests Hedging Use

Bitcoin closely tracks inverted US 10-year Treasury (UST10Y) performance, new data reveals, leading to fresh suggestions of its use as a hedging asset.

BITCOIN THE BOND HEDGE


A chart published on social media by Stock Board Asset founder and CEO, Alastair Williamson, delivers a curious new trend for Bitcoin price $9547.77 +0.04%.


A 10-year Treasury reading reflects how much in terms of returns investors require to leave their cash for a 10-year period. Correlation between the two assets could reveal Bitcoin really is used to hedge against US bonds. 


Over the past six months, the performance of the inverted UST10Y and BTC/USD appeared to rise in tandem. Williamson described the chart as “probably one of the most interesting” pertaining to Bitcoin.

Read More at Bitcoinist...

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