What impact will the maturity of U.S. Treasury bonds in June have on us?
The maturity of U.S. Treasury bonds means
— "The U.S. pays back the principal to investors and repays interest"
So if the U.S. doesn't have the money to pay, it has to "issue new debt to pay off old debt."
To attract funds to buy new bonds, the interest rate on new bonds must be relatively high for the market to be willing to buy.
This will lead to:
1. The U.S. issues new bonds.
2. The capital in the market is financed in U.S. Treasuries.
3. Funds are leaving riskier assets.
This is also why I would suggest that those who haven't bought Bitcoin (BTC) in the past few weeks can hold off; perhaps June is not a very good time to enter.
I would have suggested buying in large amounts in early April; it was truly a very good opportunity.
But at this juncture, I recommend hitting the brakes.
The next few days, I will consider as a tail end of the cryptocurrency market,
especially since the Bitcoin Greed Index has already reached 76, the market is starting to show some FOMO behavior.
It might rise for a few days, and around early June, I would suggest reducing positions.
If it rises in the meantime, I will ignore it,
the next increase is just for unloading, and after June, we will wait for the opportunity to re-enter.