BITCOIN IS FACING THE HIGHEST BOND YIELDS IN ITS ENTIRE EXISTENCE.
This has never happened before.
Not once since Bitcoin was created.
US 30Y and 10Y yields sitting between 4.5% and 5%.
60% probability of a rate hike before year end.
The cost of money has never been this high while Bitcoin existed.
Why does this matter?
When bonds yield 5% risk free the argument for holding a volatile asset weakens dramatically.
Institutions don't need to take risk when safety pays this well.
Liquidity is severely constrained.
Confidence is shattered.
The risk premium for Bitcoin has never been less attractive.
But here is the pivot point nobody is discussing.
The moment bond yields start falling.
And they always eventually fall.
Every dollar parked in treasuries becomes a dollar looking for better returns.
$273 billion in stablecoins sitting ready.
Trillions in treasury holdings waiting to rotate.
The mechanism takes months to play out.
But when it does.
The wall of money entering Bitcoin will be unlike anything this market has ever seen.
Patience is not optional right now.
It is the entire strategy.