AI boom now running on debt and it's getting expensive.
SpaceX, Broadcom, Oracle raising billions for AI infrastructure. Broadcom alone hunting $50B.
Meanwhile:
• US 10Y yield above 5.3%
• Dollar at 18-month highs
• Oil pushing $100
This hits $BTC too.
AI was the growth narrative. But when you're financing it with debt in a high-rate environment, the risk profile flips.
Higher borrowing costs = tighter credit conditions = pressure on equities, crypto, and all risk assets.
The real question: how much can the system actually finance before something breaks?
If credit tightens more, don't expect $BTC or tech to be immune. Everything bleeds together when liquidity dries up.
SpaceX, Broadcom, Oracle raising billions for AI infrastructure. Broadcom alone hunting $50B.
Meanwhile:
• US 10Y yield above 5.3%
• Dollar at 18-month highs
• Oil pushing $100
This hits $BTC too.
AI was the growth narrative. But when you're financing it with debt in a high-rate environment, the risk profile flips.
Higher borrowing costs = tighter credit conditions = pressure on equities, crypto, and all risk assets.
The real question: how much can the system actually finance before something breaks?
If credit tightens more, don't expect $BTC or tech to be immune. Everything bleeds together when liquidity dries up.