Challenges Ahead for US Economy, Bitcoin Swings, and BlackRock's Positive BTC Remark

The U.S. bond market is at a tipping point, with the 10-year Treasury note yield rising above 4.95% for the first time since 2007. This is significant and marks a point where the median returns on treasury bills pay a higher return than real estate and the S&P 500. The US has been in better shape… In addition to this, several key indicators suggest potential challenges ahead for the U.S.

The Really Positive News While the ETF news turned out to be a fad, what was really exciting for this week was Blackrock’s CEO, Larry Fink, making remarks that the increased interest in BTC lately could be seen as a “flight to quality” driven by current geopolitical tension. That’s pretty big. I can’t remember a time when I have heard such positive rhetoric regarding Bitcoin from one of the world’s largest asset managers.

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