Bloomberg strategist says 5% U.S. Treasury yields could draw money out of Bitcoin and gold
first published 2026-09-18T11:50:05Z
Bloomberg Intelligence senior macro strategist Mike McGlone says rising U.S. Treasury yields near 5% may make Bitcoin and gold less attractive. He argues that continued Fed tightening and higher energy prices raise recession risks and could push capital from alternative assets into U.S. bonds.
AI Analysis
The summary directly says higher Treasury yields near 5% may make Bitcoin less attractive and could trigger a rotation out of alternative assets and into U.S. bonds. That is a clear near-term bearish macro signal for Bitcoin, but it is still an opinion-based market view rather than a concrete event.
Expected Investor Sentiment: Bearish
Potential Market Impact: Significant
