France's 30-year bond yield surges to highest level since 2008, and crypto should be paying attention - Crypto Briefing
France's 30-year bond yield surges to highest level since 2008, and crypto should be paying attention - Crypto Briefing
Source: Crypto Briefing
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DW NOTE
France's 30-year yield hasn't touched 2008 levels because of some abstract fiscal concern — it's there because the market finally priced in what happens when you run 5%-plus deficits with no growth plan and a parliament that can't pass a budget. Bitcoin exists precisely because sovereign debt crises don't resolve themselves, they monetize themselves.