Bitcoin's Meteoric Surge: Market-Neutral Bets Yield 3x U.S. Treasury Notes
TL;DR Summary
Bitcoin surged 9.5% on Wednesday, marking its biggest single-day gain since October, reaching $64,000 and sparking predictions of continued upward movement. Analysts anticipate prices hitting six figures in the coming months, with some forecasting a peak of $200,000 by September 2025. Additionally, the market-neutral bitcoin cash and carry strategy is yielding over 14%, three times more than the 10-year U.S. Treasury note, potentially attracting more investment to the crypto market.
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- Bitcoin to the moon? Here’s why it’s near an all-time high CNN
- Bitcoin surges to top $60,000, putting it within striking distance of all-time high Yahoo Finance
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