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.
There isn't a simple or a straight answer to this. Sometimes people act in a predictable way!!!
This is to say that some people feel the hype of Bitcoin and learn the truth of how profitable it can be relative to alternatives outside of the crypto space (while having been omitted from the fact that timing is critical) and so start moving their funds to the one coin that they think it will do better, for some with the lack of knowledge that it make take years to reap the rewards.
It is not a bad thing, it is a sign of growth and one that hopefully translates into people becoming more curious about the space and spend the time it takes to learn about it.