Still feeling pretty bullish on BTC, Even though the real yield on U.S. Treasury bonds is currently high, plus the strong dollar suppressing non-yielding assets like gold and Bitcoin has become common consensus. But this consensus doesn’t align with the underlying logic of assets in the medium to long term. Higher interest rates mean faster ballooning of government interest expenses, and since accelerating debt is unsustainable, the only way out in the end is through monetization, aka inflation. In fact, 2023 and this year have already proven that even in a high-interest-rate environment, gold and Bitcoin can still hit new highs.