Pension Partners' Charlie Bilello: Bitcoin Has a Higher Yield than Government Bonds in 18 Countries

Bitcoin has performed impressively since the start of May and registered significant gains as a result.

The coin has somewhat managed to overcome several stumbling factors and maintained its incredible momentum to trade at $8,000 at the time of writing. As a result, the cryptocurrency now has a market cap exceeding the $100 billion mark, mainly due to positive investor sentiments.

The soaring value of Bitcoin has had a similar effect on altcoins. The world’s largest digital currency has also closed the gap with real-world assets regarding the impact and market valuation. One of the casualties of this resurgence by Bitcoin is government bonds.

According to Charlie Bilello, a renowned crypto trader cum analyst, Bitcoin currently offers a higher yield than government bond in 18 countries. The central banks in these countries also happen to be trying to devalue their fiat currencies to inflate the prices of digital assets. Charlie, who also works at Pension Partners, posted this news on his Twitter.

The tweet further revealed that the majority of the government bonds had a negative yield. Bitcoin, on the other hand, had a 0% yield, meaning that it was the outright winner. Charlie attached a negative bond yield matrix graph to show the validity of his statements. Throughout the chart, which had a 10-year timeframe, Bitcoin maintained a 0% yield rate whereas several countries had a negative yield rate.

Over a 5-year period, Switzerland, Denmark, and Germany had yield rates of -0.69, -0.49 and -0.48, respectively. Other countries that were in the red zone include the Netherlands, France, Sweden, Slovakia, Austria, Finland, Belgium, Japan, Spain, Slovenia, and Ireland.

Over a 10-year period, the yield rates for Switzerland, Germany, and Japan were -0.36, -0.07 and -0.05, respectively. Throughout this period, Bitcoin held its yield at 0%, meaning that it is effectively the winner.

In the subsequent tweets, Charlie mentioned that Bitcoin has improved by a whopping 112% over the past 12 months. He further tweeted that, Bitcoin has grown by an impressive 1,100% since the ECB introduced the negative interest rate policy in June 2014. The BOJ took similar action in January 2016, and Bitcoin has since grown by 1,900%.

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