US 10-year Treasury yields closed at 5.15%. Every 1% increase on $1 trillion in refinanced debt adds $10 billion annually to the interest bill—roughly $27 million per day, without any new borrowing.
Politicians face a choice: sell voters on higher taxes, deep spending cuts, or push for cheaper money. Expect the latter.
That's the $BTC thesis in a nutshell—own an asset governments can't print away rather than betting on fiscal discipline that never arrives.
Politicians face a choice: sell voters on higher taxes, deep spending cuts, or push for cheaper money. Expect the latter.
That's the $BTC thesis in a nutshell—own an asset governments can't print away rather than betting on fiscal discipline that never arrives.