Why Bitcoin Could Top $100K As Treasury Battles Higher Rates

00:00 Speaker A

Yeah, we just had um uh your compadre there at Funstrat Tom Lee on uh Coinge last week kind of highlighting why he's also in the same camp. particularly I guess, when it comes to this idea of tokenization really starting to heat up and obviously, as the chair of Bitmine, uh very much exposed to Ethereum kind of capturing some of that. But I'm glad you point out kind of some of the macro stuff because I guess pushback would be conventional wisdom is when we see, you know, rates moving higher

00:30 Speaker A

right now, the yield on the 10-year being I think the highest since 2002. Uh generally that would send some jitters through markets and into crypto, but we're not really seeing that yet. So maybe if you could just explain why uh you think that is and why you think it kind of leads to maybe more confidence in Bitcoin being able to move higher.

00:54 Speaker B

Yeah, I mean that tension right there is a bull case in and of itself. I think that the you know, we've seen, I think we have four rate hikes priced in the curve over the next 12 months. We like you said, we have the 10 year, the highest level since 2007. And this is a function of a macro backdrop, a um, you know, a scene in which the US has a debt to GDP profile over 120%,