Canary Capital CEO Steven McClurg sees an opportunity in Bitcoin ETFs as he warns that 10-year U.S. Treasury yields could reach 8% within four years. According to NS3.AI, McClurg said higher borrowing costs could pressure debt-dependent companies and long-duration bonds, pushing investors to look for alternatives.

McClurg said Bitcoin has a stronger correlation with global M2 money supply than with equities and prefers ETFs for Bitcoin exposure under his higher-rate scenario. He added that higher rates do not automatically benefit Bitcoin, which remains volatile rather than a dependable hedge against rising rates.