Treasury Yields Near 30-Year High: What's Next for Bitcoin?

The US Treasury yield has been steadily increasing and is now at a level not seen in decades. In fact, if it reaches 6%, it would be the highest level since 1993. But what does this mean for Bitcoin?

Before we dive into that, let's take a step back. The last time Treasury yields hit 6% was in 1993. Back then, Bitcoin didn't exist yet.

So, what happens if Treasury yields reach 6% again? Some experts point out that a higher yield can make other assets more attractive to investors, which could potentially impact demand for cryptocurrencies like Bitcoin.