Fidelity: Bitcoin's correlation with 10-year real Treasury yields tops 0.6
- —Bitcoin's correlation with 10-year real Treasury yields exceeded 0.6 for the first time
- —BTC gained nearly 30% in the two months before the report, while 10-year yields rose over 10%
- —US federal debt has passed $40 trillion, with interest payments now the second-largest budget expense
- —Fidelity research VP Chris Kuiper tied rising yields to investor demand for Bitcoin
Why it matters: If Bitcoin now tracks real yields instead of moving against them, hedges and portfolio allocation models built on the old relationship may behave differently.
Source: Crypto Briefing