There seems to be a belief by some people that:
1) The money that is currently put into negative-yielding Treasury bonds needs a new "home" and
2) That new "home" is likely to be bitcoin
Can someone explain this in more detail. Why are Treasury bonds being compared to bitcoin? I understand the rationale behind point 1, but don't really see why a large portion of it will move into bitcoin. I can see it moving away from Treasury bonds, but I also see it moving to stocks, real estate, gold, silver, other commodities, art, pokemon cards etc.
Treasury bonds generally pay a fixed interest rate and making that possible with Bitcoins would generally be impossible since they have super volatile rates which would make it not only harder for the company to analyze it but at the same time, it would not be a good idea for the people to hold them with a third party.
I understand the fact that it would be good to hold them for 20-30 years, but cryptocurrencies like bitcoins generally are best suited when they are owned by their owners and not by any third party since the whole point is actually nothing. But then again there are people who generally invest in Bitcoin futures so some might do that as well, but how different they would be from lending cryptos? Might be more secure but it would be wiser to just own your coins.