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Paradoxically, in an age of technological democratization elsewhere (DeFi, Robinhood, fractional investin etc.)... the actual center of value creation in the economy has become more gated than ever in private markets
Paradoxically, in an age of technological democratization elsewhere (DeFi, Robinhood, fractional investin etc.)...
the actual center of value creation in the economy has become more gated than ever in private markets
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The U.S. Treasury just said it will buy back up to $6 billion of long-dated bonds this week. Yields climbed anyway. The 10-year hit 4.845%, its highest since late 2023. The two-year also jumped. Markets clearly shrugged off the move. Bitcoin slipped back near $78,500. Stocks fell. Oil stayed strong above $101. Treasury Secretary Bessent wanted lower long-term rates. Instead, the bond market pushed yields higher and called the bluff. A buyer who always steps in can actually invite more selling. This is the opposite of the late-August move that helped Bitcoin rally hard. Liquidity support looks weaker this time. #USTreasuryToBuyBackUpTo$6BLongDatedDebt $BTC $ETH $SNDK
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