Borrowing large sums of money at near zero interest rates to dump into risk on assets is a thing of the past.
As interest rates continue to rise, people will be less inclined to put their money into risk on assets, specifically growth stocks and cryptocurrencies.
Historically, 200M MA has hovered and served as resistance for the US 10Y. Not only has the US 10Y breached above the 200M MA, but US10 Y has flipped the 200M MA into support.
Buying risk on assets like bitcoin is not a good idea with a parabolic US 10Y and DXY. Buying gold is not a good idea with a parabolic US 10Y and DXY. Buying "Future" related stocks with absurd valuations didn't work in 2022 as shown by ARKK and Cathie Wood. Working hard to earn more dollars and keeping that money in a savings account is not a good idea thanks to inflation that is apparently "under control" and is "transitory". There really is no escape or "safe haven" asset to hide behind. These hedges against inflation have all miserably failed, and will continue to fail as US 10Y makes history.
"By 2030, you will own nothing and be happy!" - World Economic Forum