Bitcoin price preparing for ‘up only mode’ as US bonds suffer worst selloff since 2019

Bitcoin is expected to thrive in the current economics, as a decline in the U.S. Treasury market marks the largest drop since 2019.

The prospect of multiple Federal Reserve rate cuts intensifies, enticing traditional investors towards Bitcoin amidst growing uncertainty.

Analysts, including Arthur Hayes, emphasize a bullish perspective for BTC, with expectations for significant price increases as confidence shifts from U.S. Policy.