Unsustainable Bond Yields Will Lead to Hyperbitcoinization: Analyst

Rising government bond yields signal a coming “structural” shift that will create a Bitcoin “supercycle” of rising prices, as investors flee debasing assets for one that cannot be inflated, according to Shang Wu, a senior research analyst at crypto exchange BitMEX.The yield on the 30-year US Treasury broke past 5.14% on Tuesday, while the Bank of Japan’s 10-year government bond yield touched 2.8%, Wu said. These yields are unsustainable in the long-term and will force…

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Chipotle rival Guzman y Gomez Mexican Kitchen closes all US restaurants

Guzman y Gomez Mexican Kitchen, an Australian-born Chipotle rival that once planned to open hundreds of U.S. locations, has abruptly closed all of its American restaurants after six years in the Chicago area. “All GYG USA restaurants permanently closed,” a message on the company’s U.S. website says. “Effective from May…