What Widening U.S. Credit Spreads Mean for Bitcoin: Risk or Opportunity?


👇1-15) The marginal buyer of Bitcoin may increasingly be U.S. investors concerned about a sharply weakening dollar as global capital continues to exit U.S. financial markets.


This dynamic is the flip side of running (and attempting to reverse) a persistent trade deficit—its consequences now becoming evident not just in the dollar's declining value and rising bond yields but also through stress in the credit markets and continued pressure on U.S. equities.


👇2-15) As we highlighted in yesterday’s report, it remains premature to adopt a bullish stance.


With capital flowing out of the U.S., the euro appears to be emerging as a relatively safer haven in the current environment.


The 90-day tariff truce was a clear attempt to stabilize spiking U.S. Treasury yields—but with yields now threatening to retest their recent highs, the move seems to have backfired, highlighting the market’s skepticism and the limits of such short-term interventions.


👇3-15) Full report: https://update.10xresearch.com/p/what-widening-u-s-credit-spreads-mean-for-bitcoin-risk-or-opportunity


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