Rising Treasury Yields May Be Bullish for Bitcoin, Says Financial Educator Mark Moss
Financial educator Mark Moss is challenging the conventional wisdom that rising Treasury yields are automatically bearish for Bitcoin. Moss argues that the traditional framework of higher rates being bad for risk assets and lower rates being good is too simplistic.
Despite 30-year Treasury yields surging to a 24-year high of 5.63% and the 10-year Treasury yield rising roughly 135 basis points since late 2023, Bitcoin has approximately doubled in value.
Moss expects the yield curve to steepen as short-term rates fall while longer-term yields stay elevated, potentially supporting bank lending and liquidity.
He identifies two potential forces behind higher long-term yields: fiscal pressure from mounting U.S. debt and expectations for stronger economic growth. Moss favors the latter explanation, pointing to growing investment in AI, infrastructure, and other technologies that boost productivity.