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.
This seems like it is a bit late to the party. Interest rates were at record lows the last few years, meaning that investors had to look to potentially riskier assets to make a return on their money - so a lot of it flowed into all sorts of things like property, stocks and things like cryptocurrency. The money printing press has also been running at full speed pretty much since the 2008 financial crisis, meaning there is a lot of cheap money floating around the economy which is also looking for a return on investment. What we could start to see in the coming years is inflation going up, which means interest rate rises as central banks try to cool it off but Bitcoin will still stay strong regardless.