What Bitcoin’s 22% week says about fiscal dominance - EnterpriseAM
What Bitcoin’s 22% week says about fiscal dominance - EnterpriseAM
Source: EnterpriseAM
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DW NOTE
Bitcoin rallied 22% while the 10-year Treasury yield climbed to 4.69% and the Fed sits at 3.5%. That's not a flight to safety — it's a repricing of what counts as an asset when the central bank won't defend the currency and Congress won't stop spending. Fiscal dominance means monetary policy is subordinate to the borrowing schedule, and markets now price accordingly.