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News Block: Bond Yields Hit a 20-Year High, Mortgages Break 7%, and Bitcoin Price Held Anyway

9/29/2026 · 8 min · transcript via mlx

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Key topics

— U.S. Treasury 10-year yields hit nearly 5.3%, their highest in 20 years, pushing mortgage rates above 7% and forcing Washington to pay over $1 trillion annually in interest alone.

— Bitcoin held firm above $82,000 despite bond yield spikes, with $2.4 billion flowing into spot Bitcoin ETFs last week—their largest inflow since October 2024.

— Ric Edelman, the top-ranked independent financial advisor in America, raised his Bitcoin allocation floor from 1% to 10% for conservative investors and up to 40% for aggressive ones, declaring the 60/40 stock-bond portfolio dead.

— MicroStrategy proposed daily dividend payments on its preferred shares (Stretch, Strife, Strike, Stride) to compete with rising Treasury yields while continuing to accumulate Bitcoin.

— BitGet exchange suffered a $387 million hack when attackers breached backend systems and forged transaction data; customers are covered by a protection fund.

— Regulators proposed mandatory one-to-one backing of stablecoins with cash or Treasury bills, turning stablecoin issuers into forced buyers of government debt at a time of elevated yields.

Market & price signals

— Bitcoin held above $82,000–$83,000 range during a week when Treasury yields spiked to 20-year highs and mortgage rates crossed 7.5%. Bitcoin ETFs took in $2.4 billion last week, flipping the year-to-date 2024 flow figures positive after being nearly $6 billion underwater in July. Gold fell during the same period. Bitcoin hit over $87,000 on Monday before dipping, suggesting buyers are choosing a non-yielding asset over government debt paying 5.3% risk-free. MicroStrategy added 1,665 Bitcoin, pushing holdings past 847,000.

Actionable insights

— When the world's safest borrower (U.S. government) pays 2007-level rates and billions still flow into an asset paying zero interest, they are likely moving out of currency debasement risk, not chasing yield—a signal worth monitoring for macro instability.

— If you hold funds on any exchange (as demonstrated by BitGet), you own a promise, not Bitcoin; consider moving keys to self-custody or a qualified institutional custodian to eliminate counterparty hack risk.

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