Global financial crisis fears grow as bond yields hit 1998 levels and Bitcoin drops below $80,000
CryptoSlate
Rising bond yields, inflation, and geopolitical shocks are fueling global economic instability, testing Bitcoin's resilience as a financial asset.Summary
The global economy is facing increasing strain due to a combination of high sovereign debt, sticky inflation, and energy supply shocks stemming from instability in the Strait of Hormuz. With government bond yields reaching levels not seen since 1998 in some regions, policymakers are struggling to balance inflation control with financial stability. While banks are more resilient than in 2008, the lack of fiscal policy space and rising debt-service costs create a fragile environment. Bitcoin's performance under these conditions is currently being tested to see whether it will act as a scarce hedge or remain a high-beta risk asset.
(Source：CryptoSlate)