Amid concerns over fiscal stability and inflation, rising bond yields are challenging the traditional safe-haven status of US Treasury. Bitcoin, defying conventional risk models, is thriving in the face of worsening macro conditions. The global economic backdrop is increasingly fragile, with surging bond yields in the US and Japan, stalling global growth, and historic lows in US consumer confidence. Despite past threats to Bitcoin's price, current macro conditions are fueling its ascent, reflecting a shift in investor risk interpretation and refuge-seeking behavior. The US debt crisis and escalating Treasury yields are at the core of this realignment. As the US debt surpasses $36.8 trillion, efforts to lower yields face challenges due to Federal Reserve resistance and inflation concerns. Investors are turning away from Treasurys, signaling significant problems in the US economy. The surge in Japanese bond yields further complicates the global economic landscape, potentially benefiting Bitcoin as a credible alternative store of value amidst mounting instability. Read more AI-generated news on: https://app.chaingpt.org/news

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