The Breakdown Bitcoin Hits All-Time High — But Nobody Seems to Care
26 snips
May 23, 2025 Bitcoin has soared to new heights, yet the market response has been oddly subdued. The discussion highlights this unique moment in Bitcoin’s history and explores its evolving role in global finance. There's a dive into Japan's bond market turmoil and rising fiscal concerns in the U.S., suggesting a potential shift for safe haven assets. Are we witnessing Bitcoin decoupling from traditional markets, or are these signs of an impending larger credit crisis?
AI Snips
Chapters
Transcript
Episode notes
Quiet Bitcoin All-Time High
- Bitcoin reached a new all-time high quietly without euphoric mania or clear catalysts.
- This reflects a shift in Bitcoin's role as an asset, showing maturity beyond hype-driven cycles.
Bitcoin's Dual Role Emerges
- Bitcoin's price rose despite risk-off market signals, suggesting it’s gaining safe haven qualities.
- It behaves both like a liquidity-sensitive risk asset and a safe haven, unlike gold or tech stocks.
Japan Bond Market Crisis
- Japan’s bond market faces a crisis with ultra-long JGB yields spiking sharply.
- The Bank of Japan's yield curve control policies are unraveling, causing severe auction demand drops.