[Analysis: U.S. 30-Year Treasury Yield Hits Highest Level Since 2002, Bitcoin Faces Dual Signals] BlockBeats News, October 3 – The yield on the U.S. 30-year Treasury bond has risen to its highest level since 2002, driven by record fiscal deficit spending and persistent inflation. The U.S. CPI has remained above the Federal Reserve's 2% inflation target for 60 consecutive months, marking the longest stretch since the 1980s. Wealth distribution in the U.S. is highly concentrated, with the net assets of the wealthiest 1% of households totaling approximately $60.3 trillion, 14.3 times that of the bottom 50% of households. Since 2020, the purchasing power of the U.S. dollar has declined by 23%. The rise in the 30-year Treasury yield to a 24-year high poses direct pressure on Bitcoin, as higher discount rates could compress the valuation of non-yielding assets. On the other hand, persistent inflation and the decline in the dollar's purchasing power may strengthen Bitcoin's narrative as a hard asset and an inflation hedge. The market is currently facing two conflicting signals. In the short term, the key question is whether inflation and a weakening dollar will support BTC, or if the rise in long-term Treasury yields will dominate by suppressing risk assets. [Original Link]