Bitcoin’s never dealt with borrowing costs like these; global bond yields just hit heights we haven’t seen since July 2008, back when Bitcoin wasn’t even around. What happened? Gold shot up 32% this year, but Bitcoin sank 46%. When government bonds start offering safe, inflation-beating returns, investors don’t feel the need for a digital gold substitute. Bitcoin was supposed to shine during a debt crisis like this. So far, it hasn’t shown it can.
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@BNB Chain #Portal