Saifedean Ammous: The Bond Crisis & Bitcoin’s Rise as a True Macro Asset
Bitcoin Magazine Saifedean Ammous: The Bond Crisis & Bitcoin’s Rise as a True Macro Asset Falling volatility is Bitcoin's most bullish signal right now, according to Saifedean Ammous. This post Saifedean Ammous: The Bond Crisis & Bitcoin’s Rise as a True Macro Asset first appeared on Bitcoin Magazi
Source: Bitcoin Magazine
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DW NOTE
Ammous notes that Bitcoin's drawdowns have compressed from 87% to 77% to 54% across successive cycles. That matters because $40 trillion in US debt now rolls at yields above 4.9%, and every basis point increase is structural bleeding that can't be papered over. The bond crisis isn't hypothetical — it's already priced into the 10-year at 4.96%, a multi-decade high occurring *during* a tightening cycle that restarted this month after three years of pause.