In brief

  • U.S. debt above $40,000 billion, but Bitcoin remains well below its 2025 all-time high.

  • BloFin: Treasury buybacks could mark a new phase of debasement trade and rising financial repression risk.

  • The next test for Bitcoin is whether falling real yields and stronger policy will outweigh the traditional four-year cycle.

Read the original story of U.S. debt reaches $40 trillion: where is Bitcoin's debasement trade? at BloFin Research: nl.beincrypto.com

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