Fidelity research, October 15: The correlation between $BTC ’s market cap and the 10-year U.S. Treasury real yield has surged above 0.6—a record high. Over the past two months, BTC has climbed nearly 30%, Treasury yields have risen over 10%, and federal debt has topped $40 trillion.
It used to be that whenever yields rose, crypto got crushed. Now they’re both rising side by side.
A counterintuitive question: Is digital gold dancing with Treasuries this time, or has it been strapped to the same chariot as the fiscal deficit?
Pick a side: A) Even Fidelity’s backing says fiscal collapse = a long-term tailwind for BTC; B) Correlation is just statistics—if yields really explode, BTC will still get hammered
#美债 #数字黄金 $ETH
It used to be that whenever yields rose, crypto got crushed. Now they’re both rising side by side.
A counterintuitive question: Is digital gold dancing with Treasuries this time, or has it been strapped to the same chariot as the fiscal deficit?
Pick a side: A) Even Fidelity’s backing says fiscal collapse = a long-term tailwind for BTC; B) Correlation is just statistics—if yields really explode, BTC will still get hammered
#美债 #数字黄金 $ETH