Bitcoin and Risk Assets Under Pressure as 30-Year Yields Push Above 5% - CryptoPotato
Bitcoin and Risk Assets Under Pressure as 30-Year Yields Push Above 5% - CryptoPotato
Source: CryptoPotato
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DW NOTE
The 30-year yield last crossed 5% in 2007, before the Fed discovered it could simply buy its own debt indefinitely. Now the market is pricing in what happens when $36 trillion in federal debt rolls over at rates the Treasury hasn't paid in two decades—and Bitcoin, which spent years being sold as a Fed-hedge, is falling alongside everything else.