In brief

  • Bernstein now links its $300,000 bitcoin outlook to government debt, not the halving.

  • American debt exceeds $40,000 billion as Treasury bond buybacks double.

  • Balchunas: the devaluation trade pushes IBIT and GLD beyond AI funds.

Read the original story: Biggest Bitcoin catalyst is not the halving—does U.S. debt drive BTC to $300,000 at Lockridge Okoth: nl.beincrypto.com