US, even targeting Iran's Bitcoin?" Is the era of government bond collapse starting a digital safe-haven asset scramble? | Seo Dong-ju, Kim Dong-hwan, Baek Hun-jong, SmashFi CEO [Crypto PLUS]
Speakers
Baek Jung
— CEO, SmashFi
Summary
The video discusses a structural rise in long-term government bond yields across developed countries, driven by waning trust in sovereign debt. The speaker argues that the Fed will eventually resort to stealth quantitative easing, spurring a flight from financial assets to real assets like gold and Bitcoin. Bitcoin, with its scarcity and imminent legal catalysts, is positioned to become a digital safe haven over the next two years.
- Global long-term bond yields are rising simultaneously without a clear trigger, signaling a loss of trust in sovereign debt.
- The Fed faces a dilemma and will likely engage in stealth QE to prevent a bond market crisis.
- Financial assets (bonds, stocks) may lose appeal as liquidity floods real assets.
- Gold is presented as a timeless safe haven but is relatively less attractive than Bitcoin.
- Bitcoin is expected to transition from a risk asset to a real asset due to its scarcity and market dynamics.
- Legal catalysts like the Clarity Act and ARMA Act could accelerate Bitcoin adoption by governments.
- A global Bitcoin arms race among nations is anticipated following US policy moves.
- The speaker recommends monitoring Bitcoin and long-term bonds for regime change.
Trade Ideas
Long-term US yields will rise.
Long-term US Treasury yields (especially 30-year) are rising simultaneously across developed countries without clear reason, indicating a structural loss of trust in sovereign debt. The Fed will be forced into stealth quantitative easing to avoid a bond market crisis, but yields will continue to rise over the next two years as the market repudiates financial assets. This makes long-term US Treasuries unattractive and likely to decline in price.
Gold is perfect safe haven asset.
Gold is a timeless, simple real asset that becomes a perfect long-duration safe haven when faith in government bonds collapses. Its large market cap and recent price run-up make it less attractive than Bitcoin on a relative basis, but it remains a core real asset for the coming regime shift.
Bitcoin becomes digital safe haven.
Bitcoin will transform from a risk asset into a digital real asset as global trust in sovereign bonds erodes and central banks engage in stealth QE. Bitcoin's scarcity (stock-to-flow ratio 124 vs gold's 60), smaller market cap (1/15 of gold), and upcoming legal catalysts (Clarity Act, ARMA Act) will drive massive demand over the next two years, positioning it as a premier safe-haven asset.
Up Next
This 3PRO TV (삼프로TV) video, published May 27, 2026, features Baek Jung discussing TLT, GLD, BTC. 3 trade ideas extracted by AI with direction and confidence scoring.