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Crypto is a ‘Fantastic Hedge’ Against Bubble in Bonds - Pantera’s CEO
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cryptonews.comInvesting in crypto is a “fantastic hedge” against a bond market that will get destroyed once the US Federal Reserve stops its asset purchases, Dan Morehead, CEO of the crypto investment firm Pantera Capital, wrote in a recently published note.
According to Morehead, the Fed’s actions since the onset of the pandemic has fuelled a historic bubble in the bond market that will sooner or later -- implode.
“Bonds investors are going to get absolutely destroyed when the Fed stops manipulating the bond market,” Morehead warned before explaining that “if real rates were no longer manipulated,” they would return to their 50-year average.
Per the CEO “bond market prices would fall 30 percentage points, which is "against the maximum possible upside of
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