Bitcoin 2013. Cypherpunk. Market Maker.
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Something is about to break in the financial system with bond yields at 20-year highs.
And since the U.S. Treasury has lost control of the long end of the yield curve, simply turning on the money printer won鈥檛 be the solution this time around.
We鈥檙e cooked, for real.
馃毃 THIS IS NOT LOOKING GOOD.
Entire US bond yield curve is going parabolic.
US01Y is at a 25-month high
US02Y is at a 28-month high
US05Y is at a 19-year high
US10Y is at a 19-year high
US20Y is also at a 22-year high
US30Y is at a 19-year high
Higher yields across the board mean higher borrowing costs for the government, businesses, and consumers, and that's bad news for both the economy and stocks.
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The only way to bring bond yields back under control is through tax hikes and spending cuts = drain of liquidity from the economy = painful market correction.
At some point, they will have no choice but to engineer a recession to restore fiscal credibility.
Few understand this.
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When the next recession arrives, GDP will contract, pushing the US debt-to-GDP ratio above 200%. In that scenario, Treasury yields will skyrocket with the 10-year yield moving above 10%. If you think crypto and equities will perform well in that environment, I wish you good luck.
JUST IN 馃毃: U.S. 10-Year Treasury Yield jumps to highest level since the run-up to the Global Financial Crisis
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Desperate move.
The US Treasury has lost control of the long end of the yield curve, and the average investor has no clue of how bad this is.
This will get very ugly.
And this time, more money printing will not save the day, it may make the underlying problem even worse.
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Satoxis retweeted
Clarity Act vote scheduled for tomorrow.
Imagine the smell.. $BTC
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Every pump is an opportunity to short this market.
Don鈥檛 let KOLs and crypto influencers convince you that we鈥檙e entering a new bull market. We鈥檙e not.
They need you to believe the bull market is back because that鈥檚 when the clicks, engagement, and attention come back.
Ignore the narrative. Watch the chart.
Bitcoin remains in a structural bear market until it reclaims $83K with strong volume on the weekly timeframe.
Until that happens, every rally is a potential exit, or shorting opportunity.
Lower.
Bitcoin from $80k to $40k will really crush people鈥檚 hopes, dreams, and mental health. That will be the real bear market. The ultimate capitulation.
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