Max Keiser has expressed the opinion that Bitcoin is losing value due to buyers redirecting their capital into US Treasury bonds, which have reached their highest yield since 2008.
He expects that, given the current macroeconomic environment, more capital will flow into high-yield instruments and place greater pressure on the cryptocurrency.
Indeed, BTC has dropped below $29,000, leading the entire market’s capitalization to dip to $1.1 trillion.
The volatility of the market is still low, but the pressure on BTC keeps running high, resulting in a decrease in its value.
