SummaryWho would've thought Treasuries and some fiat currencies would be just about as volatile as Bitcoin? That's about what we saw in to wrap up Q3.The Grayscale Bitcoin Trust has fallen off many folks' radars as it continues to grow cheaper versus its net asset value.Favorable seasonal trends suggest a long position in crypto could make sense, but investors should avoid GBTC's questionable future.Nobody seems to be talking about Bitcoin (BTC-USD) anymore. The biggest cryptocurrency has not moved much in the last three months after a wild first half of 2022. Remarkably, long-dated Treasuries were just about as volatile as Bitcoin during the latter half of September as the market grappled with intense uncertainty about what central bankers around the world will do next. Perhaps the latest hot coin is the 30-year UK Gilt!But seriously, since the middle of June, Bitcoin’s price range is roughly $17,000 to $25,000. Since September 14, though, BTCUSD has a low near $18,200 with a high of around $20,400. For comparison, the iShares 20+ Year Treasury ETF (TLT) has about a 7% range over that period.Bitcoin Hovers Above Its June LowTradingViewLong-Term Treasury Bonds Plummet As Rates RiseStockcharts.comAnd would you believe that the world’s most important cryptocurrency outperformed global stocks and the U.S. bond market during the third quarter? Bloomberg data show that BTC-USD was up fractionally, almost matching the U.S. Dollar Sp...
Bitcoin Price Prediction For March 21
