Bitcoin Bull Run Predicted as Rising Treasury Yields Prompt Money Printing Fears

Arthur Hayes predicts a Bitcoin bull market as U.S. faces a "bear steepener" with rising long-term interest rates.

Hayes argues rising treasury yields will lead to liquidity issues and the need for money printing to save bond markets.

The 30-year U.S. treasury bond yield recently hit 5% for the first time since 2007.

Philip Swift agrees a return to quantitative easing could catalyze a Bitcoin bull run.

The U.S. national debt rose by $275 billion in one day, over half of Bitcoin's market capitalization.