CoinVoice has recently learned that data shows Bitcoin has reached a historic high against the BlackRock U.S. Treasury ETF. Last week, as BTC approached its historic high of over $73,000 in March, its trading price reached 800 times the value of BlackRock iShares 20+ Year Treasury Bond ETF (TLT), surpassing the 466 times it reached during its peak in November 2021.
Analysis indicates that the lack of incentives for price increases may be the reason why this ETF (with total assets of $60 billion) has fallen 7% this year while Bitcoin has risen 55%. The relative performance may suggest that investors might shift part of their portfolios from long-term U.S. Treasuries to Bitcoin. (CoinDesk) [Original link]
