First, let’s look at the core data of the U.S. Treasury bond collapse: the auction rate for 20-year U.S. bonds surged to 5.047%, and the subscription rate by foreign investors fell below the critical line of 70%! What does this mean? The U.S. debt of $36 trillion consumes 4% of GDP just in interest every year, which is a black hole devouring twice the military budget! And on the very day of the U.S. bond collapse, the correlation between Bitcoin and U.S. bonds experienced a death cross for the first time—when U.S. bonds fell, Bitcoin rose, and this perfect hedging relationship is rewriting financial rules!
Here comes the key point! BlackRock bought $2.7 billion worth of Bitcoin spot ETFs in just one week, and global exchange inventories have dropped to their lowest point since 2018. What does this indicate? Large funds are treating Bitcoin as digital gold! Why? Because Bitcoin has three major disruptive advantages:
The first is its hard currency property. The total supply is permanently capped at 21 million coins, with an annual issuance of less than 2%, while global central banks have printed 120 trillion in currency post-pandemic! This scarcity countering inflation is overturning the 5,000-year status of gold!
The second is its anti-censorship system. During the Russia-Ukraine war, both sides used Bitcoin to evade sanctions, and Iran used it to settle oil transactions to avoid dollar blockades. After El Salvador adopted Bitcoin as legal tender, national reserves have already increased by 60%! This is essentially a financial bulletproof vest for the digital age!
The third function is the wealth of reality. The Lightning Network allows Bitcoin to process 10 transactions per second, with transaction fees only at one ten-thousandth of a dollar. This is no longer a laboratory concept, but a payment system that can replace Visa! The global stablecoin trading volume has reached 27 trillion, already surpassing the total of Visa and Mastercard!
Look at this set of hard evidence: the proportion of 'diamond hands' holding Bitcoin for over 5 years has surged to a historical high of 28%, the proportion of institutions in the futures market has surpassed 62%, and the correlation between Bitcoin and Nasdaq has dropped below 0.3. Morgan Stanley predicts: for every 1% of the gold market that Bitcoin captures, the price can rise by another $80,000!
This is not just a simple rise and fall of assets, but a life-and-death showdown between old and new financial systems! When U.S. Treasury bonds, this traditional safe haven, start to leak, and when gold is also diluted in value by excessive currency issuance, global capital is awakening—blockchain technology represented by Bitcoin is establishing a financial immune system that is not controlled by any country!
Hong Kong has issued 10 virtual asset licenses, and the U.S. has passed the GENIUS stablecoin bill. These moves indicate that the regulatory framework is taking shape. It's reminiscent of the eve of the internet explosion in the 90s; when the old system shows cracks, new species will tear open a new order with technological revolutions! History is repeating itself, and this time, the players at the table are blockchain and Bitcoin!
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