The pile of bonds paying negative returns is just keeps climbing

With global interest rates in the gutter and expected to be there for some time, bonds are taking it on the chin.

The pile of bonds yielding negative returns just keeps climbing and climbing.

Sees:

(Source: https://twitter.com/PrestonPysh/status/1318646067521531905/photo/1)

What do you think is going to happen to this pile of bonds paying investors nothing when bitcoin makes a new all time high?

I have a guess.

There is so much dry powder out there that could potentially find its way into bitcoin, it's unreal.

When bitcoin breaks its old all time highs and everyone is sitting on gains and feeling good about their bitcoin investment, FOMO will officially begin.

The last time we broke old all time highs was at $1k, and the price ended up going 20x those highs.

A repeat of that pattern now would say bitcoin breaks $20k, and ultimately goes to $400k.

I don't think it will repeat that kind of a move, but $100k seems perfectly doable to me.

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