WS #15194
Global bond markets are under severe pressure, with US 10-Year Treasury yields hitting a 24-year high and sovereign debt costs rising globally, a headwind for rate-sensitive growth assets. In stark contrast, Bitcoin is surging past $80,000, with Citi raising its 12-month target to $113,000 as ETF inflows resume. This divergence suggests that digital assets are decoupling from traditional risk assets and acting as a primary hedge against fiat debasement and geopolitical uncertainty.
Macro Tightening & Bitcoin Rally
Global bond markets are under severe pressure, with US 10-Year Treasury yields hitting a 24-year high and sovereign debt costs rising globally, a headwind for rate-sensitive growth assets. In stark contrast, Bitcoin is surging past $80,000, with Citi raising its 12-month target to $113,000 as ETF inflows resume. This divergence suggests that digital assets are decoupling from traditional risk assets and acting as a primary hedge against fiat debasement and geopolitical uncertainty.