BTCUSDT Analysis by @AltcoinDaily

The All-In podcast discusses the US government debt and the implications for various markets. The speaker outlines a non-linear relationship between the deficit and interest rates, which exacerbates the debt problem. The market is signaling concern about the current bill being passed, suggesting a high deficit. This may lead to investors selling US debt in favor of assets like gold and Bitcoin, both of which have started to rally. Chamath Palihapitiya gives a warning, that with government debt expanding, the price of Bitcoin can only go up, highlighting Bitcoin as a hedge against government debt and potential defaults. The ten-year Treasury yield is at 4.533% and is expected to pass 5% by the end of the year, which will encourage deleveraging from the US. The speaker predicts that due to fiscal policy and the state of the markets Bitcoin could hit $150,000.