Are Rising Yields Bearish for Bitcoin? Don't Jump to Conclusions, Mark Moss Says

Bitcoin (CRYPTO: BTC) has remained resilient despite rising Treasury yields, challenging the conventional view that higher long-term rates are automatically bearish for risk assets.

30-year Treasury yields surged to a 24-year high of 5.63% and since late 2023, the 10-year Treasury yield has risen roughly 135 basis points while BTC has approximately doubled.

Financial educator and Market Disruptors host Mark Moss expects the yield curve to steepen as short-term rates fall while longer-term yields stay elevated, potentially supporting bank lending and liquidity.

“Price is truth,” Moss said in an interview with the Bitcoin Magazine, arguing that the traditional framework of higher rates being bad for risk assets and lower rates being good is too simplistic.

10-year Treasury yield above 5% does not necessarily signal market trouble.

Rising Yields Don’t Have to Be Bearish for BTC

Bitcoin climbed from the $60,000 range into the $80,000s even as long-term yields moved higher and the Fed raised short-term rates.

Moss argues the bond market may be pricing in stronger economic growth, massive investment and higher productivity.

This backdrop could ultimately benefit Bitcoin and recent price action is evidence that investors may be misreading the recent rise in yields.