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JUST IN: Bonds vs. Bitcoin, the Battle for Liquidity in a High Interest Rate Environment.
Attributing Bitcoin's price behavior solely to its mathematical design and the programmed reduction of its issuance is an incomplete view that ignores the complexity of the global financial system.
Although digital scarcity and protocol upgrade events are fundamental, this asset does not exist in isolation.
On the contrary, Bitcoin is immersed in the same capital flows that drive stocks, commodities, and, above all, sovereign debt.