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. McClurg argues that higher borrowing costs could pressure debt-dependent companies and long-duration bonds, encouraging investors to seek alternatives. McClurg says Bitcoin has a greater correlation with global M2 money supply than with equities. McClurg prefers ETFs for Bitcoin exposure under his higher-rate scenario. However, higher rates do not automatically benefit Bitcoin, which remains volatile rather than a dependable hedge against rising rates.