What Bitcoin’s 22% week says about fiscal dominance - EnterpriseAM
What Bitcoin’s 22% week says about fiscal dominance - EnterpriseAM
Source: EnterpriseAM
―
DW NOTE
Bitcoin surging 22% in a week while the 10-year yield climbs tells you the market has stopped pretending deficits matter for rates. When a $1.9 trillion fiscal hole — 6% of GDP — coexists with Fed funds at 3.5% and bond vigilantes are nowhere in sight, the central bank isn't independent, it's hostage. That's fiscal dominance, and traders are pricing the only exit: debasement.