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BitMEX Analysts Predict a New Phase of Bitcoin Growth
BitMEX analyst Shan Wu believes that rising government bond yields may signal the beginning of major changes in the global financial system. In his view, this could strengthen investor interest in Bitcoin as an asset that is less dependent on inflation and central bank policies.
The expert pointed to the rise in yields on 30-year US Treasury bonds above 5.14%, as well as the increase in yields on 10-year Japanese government bonds to 2.8%.
According to Wu, such levels create additional pressure on national budgets and increase risks within the debt market.
The analyst noted that central banks are facing a difficult situation. On the one hand, high interest rates help contain inflation. On the other hand, they increase government debt servicing costs.
Easing monetary policy could support economic growth, but at the same time it may place additional pressure on national currencies.
Wu also suggested that authorities could resort to hidden liquidity support measures. These include yield curve control and government bond purchase programmes.
Such tools could effectively become an alternative form of quantitative easing without the need for rapid benchmark rate cuts.
Other macroeconomic experts share a similar view. They note that rising debt burdens and inflation risks could increase investor interest in safe-haven assets, including Bitcoin and gold.
As for the broader cryptocurrency market, it continues to face pressure from instability in the Middle East.
The sharp rise in energy prices has pushed investors to withdraw capital from high-risk assets. At the same time, it is important to note that a gradual outflow of capital from spot funds has now begun.
This points to a local decline in institutional demand.
