The current mainstream view in the market is that since the debt levels of major countries have reached unprecedented levels, the probability of a debt crisis in the next few years exceeds 80%, which will lead to varying degrees of decline in the value of some currencies.
Therefore, some large institutions have invested heavily in hard currency-gold, and some of them have invested in $BTC
billion-dollars, including the founder of the famous Bridgewater Fund.
There are also some bigwigs who do not support investing in big bills-Peter, who also hopes that the Biden administration can sell big bills to reduce the deficit before Trump takes office.
No matter how the market views big bills, from the current logic of big bills rising, it is necessary to pay close attention to the bond markets of major global countries next year, which may produce certain linkages.