BitMEX analyst says rising bond yields could trigger a Bitcoin "supercycle"

BitMEX senior research analyst Shang Wu argues that a jump in government bond yields reflects a structural shift that could ultimately act as a long-term tailwind for Bitcoin. He pointed to the US 30-year Treasury yield breaking above 5.14% on Tuesday and Japan's 10-year government bond yield touching 2.8%, warning that such levels are unsustainable and may force governments to choose between currency debasement or a sovereign-debt crunch.