Bitcoin's Uptrend Faces Pentagon-Backed Inflation Warning

As bitcoin appeared poised to break through the $80,000 barrier, macroeconomic uncertainty has reemerged. The Pentagon's classified briefing to US lawmakers revealed that clearing mines in the Strait of Hormuz could take at least six months, potentially keeping gasoline and oil prices elevated until the US-Iran conflict ends. This could lead to persistent inflation, limiting the Federal Reserve's ability to cut interest rates and negatively impacting risk assets like bitcoin, which is highly sensitive to interest rates and global liquidity. Rising essential costs may also reduce investor appetite for speculative assets. Markets are already reflecting these risks, with WTI crude climbing to around $95 and government bond yields rising. Some analysts urge caution, citing the rally's lack of broad-based support in the spot market, while others point to sustained demand in US-listed spot bitcoin ETFs. The market capitalization of USDT has reached a record high, and speculation in non-serious tokens is intensifying.