Bitcoin's Super Cycle May Be Triggered by Rising Bond Yields

Huo Xing Cai Jing reports that Shang Wu, Senior Research Analyst at BitMEX, wrote in a post that the sustained rise in government bond yields signals an impending "structural" shift that will create a "super cycle" of price appreciation for Bitcoin. Shang Wu noted that under pressures such as the U.S. government’s $39 trillion debt and massive spending on AI infrastructure, central banks will ultimately respond through currency depreciation and covert liquidity injections. At that point, investors will sell off depreciating traditional assets and reallocate into Bitcoin, a scarce asset immune to inflation. Last week, the yield on 30-year U.S. Treasury bonds surpassed 5.14%, while Japan’s 10-year government bond yield reached 2.8%. He believes that while short-term volatility is inevitable, in the long term, this represents Bitcoin’s most significant structural tailwind.