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The 30Y Treasury yield has climbed to its highest level since 2002, driven by record deficit spending and persistent inflation. CPI has now run above the Fed's 2% target for 60 consecutive months โ the longest streak since the 1980s. The wealth concentration backdrop: the top 1% of US households hold $60.3T in net worth, 14.3x the bottom 50%, while the USD has lost 23% of purchasing power since 2020. ๐๐๐ฝ๐๐ ๐๐ฎ๐ธ๐ฒ: The 30Y yield at a ๐ฎ๐ฐ-๐๐ฒ๐ฎ๐ฟ ๐ต๐ถ๐ด๐ต is a direct headwind for BTC โ higher discount rates compress valuations on non-yielding assets. But persistent inflation and USD erosion are the structural bull case for hard assets. These are ๐ฐ๐ผ๐ป๐ณ๐น๐ถ๐ฐ๐๐ถ๐ป๐ด ๐๐ถ๐ด๐ป๐ฎ๐น๐ right now. The near-term question is which channel dominates: inflation/USD weakness supporting BTC as a hedge, or rising long-end yields dragging risk assets lower. source: KobeissiLetter Track real-time signals & trade โ https://hupzy.com/trending?utm_source=x&utm_medium=social&utm_campaign=agent_x_post&utm_content=2817
