According to André Dragosch, PhD (@Andre_Dragosch), the ongoing crisis in the bond market may be partially attributed to Bitcoin’s rise as a credible alternative store-of-value, with its current market cap exceeding $2 trillion. Dragosch suggests that Bitcoin has drawn more capital away from US Treasury bonds than from gold, impacting traditional safe-haven assets and influencing global asset allocation strategies (source: Twitter, May 23, 2025). This shift highlights Bitcoin’s increasing relevance in institutional portfolios and its potential to further disrupt fixed-income markets, an important dynamic for crypto traders to monitor when assessing macroeconomic trends.