Bitcoin’s hard-money thesis is colliding with 5% Treasury yields

Bitcoin was created as a response to the kind of debt-financed monetary disorder now playing out across global bond markets. The original thesis was that when governments borrowed recklessly and debased their currencies, hard-money assets would absorb the resulting demand. What that thesis left unresolved is the possibility that the debt spiral could tighten financial […] The post Bitcoin’s hard-money thesis is colliding with 5% Treasury yields appeared first on CryptoSlate.