Image credit to X user @CryptoTubeYT, I added the text.

Global Debt/GDP

Thank you Danielle DiMartino Booth at Quill Intelligence for this chart. As you can see in response to the 2008 Global Financial Crisis (GFC), rates were pushed to their 5,000-year nadir.

This is a Bloomberg index of the total amount of globally negatively yielding debt. From nothing pre-2008 GFC, it reached a high of $17.76 trillion in 2020. This was made possible by central banks globally cutting rates to 0% and below.

Bitcoin (white) vs. US 10-yr Treasury Yield (yellow)

Bitcoin acted like all other long-duration assets when interest rates rose … it fell.

ETF Wif Hat

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