Debt maturity wall may revive money printing, boosting gold and Bitcoin on weakness

A strong real economy is draining liquidity from financial markets, but mounting debt maturities could eventually force policymakers to expand the money supply again, creating an opening for gold and Bitcoin. Rapid nominal growth across the global economy is drawing capital into the real economy and tightening financial-market liquidity. As refinancing pressures increase, renewed monetary expansion by major economies could benefit gold and Bitcoin. In an Oct. 19 Bitcoin Magazine interview, Michael Howell, CEO of CrossBorder Capital, said the real economy and financial markets are competing for funds, as reflected in rising bond yields and a flattening yield curve.

Source: TokenPost