Bitcoin has recently achieved a significant milestone, reaching an all-time high against BlackRock's U.S. Treasury bond ETF. This surge is indicative of investors shifting towards cryptocurrencies as they seek greater returns in a volatile market.

Key points:

• BlackRock's long-term U.S. Treasury bond ETF, TLT, has decreased by 8% this year, while Bitcoin has risen by 55%.
• As we approach the U.S. elections, Bitcoin's market dominance has surged to 60.56%. This suggests that investors might be reducing their risk exposure with the electoral uncertainties looming.

The performance gap between Bitcoin and traditional treasuries highlights a growing interest in riskier assets amidst a backdrop of economic uncertainty. As Bitcoin's price reaches new heights, it appears to be gaining traction as a viable alternative for investors looking to diversify from conventional assets.