Bitcoin Price Rose 84% Since January 2024 Alongside Rising Treasury Yields

WHY IT MATTERS

U.S. Treasury bonds are loans you make to the government, and the yield is the interest rate they pay you back. When yields go up, these safe investments become more attractive, which can pull money away from riskier investments like stocks or crypto. Think of it like a savings account suddenly offering much better interest — you might be less tempted to put money into something uncertain. But in this case, Bitcoin's price rose significantly even while Treasury yields climbed, partly because new investment products called spot Bitcoin ETFs made it easier for more people to buy Bitcoin through traditional brokerage accounts. This challenges the simple assumption that higher bond yields are always bad for Bitcoin.