Yahoo Finance | EN590 Commodities
EN590 Commodities GroupMarket Analysis 2026-09-23T01:51:00+00:00
Strive CEO Matt Cole says Bitcoin (BTC) could effectively go to infinity against the US dollar, arguing that a mounting Washington debt crisis, not Bitcoin's own scarcity, is what will ultimately break the currency's value. Cole made the comments on Bloomberg Crypto, as digital assets have reclaimed $3 trillion in market value since January. Strive, a Bitcoin treasury company that raises capital to buy and hold BTC on its balance sheet, has been one of the more aggressive buyers through the cycle. Cole argued that the 10-year Treasury yield would already sit north of 10% if the Federal Reserve and the Treasury Department stepped back from the bond market entirely. He credits Treasury Secretary Scott Bessent with capping long-end rates for now, but says that intervention only delays a recko
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