TechFlow news, March 12 — According to Bitcoin Magazine, Ohio gubernatorial candidate and entrepreneur Vivek Ramaswamy stated at the "Bitcoin For America" summit that the return rate of holding bitcoin for over ten years has become the new benchmark yield for high-risk investments. He believes the world is returning to an era of "capital scarcity," contrasting with the past 15 years of massive money printing by the Federal Reserve.
Ramaswamy explained that institutional investors will once again need to consider the "cost of capital opportunity" and establish benchmark yields for both low-risk and high-risk investments. He noted that the benchmark for low-risk investments is the 10-year U.S. Treasury bond, while the benchmark for high-risk investments is the 10- to 15-year return rate of bitcoin.
"Bitcoin, and what it represents—not only as a financial asset but also as fulfilling people's desire for symbols representing American greatness," said Ramaswamy, "at the national level, it is a more suitable asset to fill our strategic national reserves."
