Bitcoin's Upward Trend Confronts Inflation Concerns Backed by the Pentagon

As bitcoin appeared poised to break through the $80,000 barrier, macroeconomic uncertainty resurfaced. A classified briefing by the Pentagon to U.S. lawmakers stated that clearing mines in the Strait of Hormuz could take at least six months and may lead to sustained high energy costs, potentially keeping inflation elevated and limiting the Federal Reserve's ability to cut interest rates. This could negatively impact risk assets, including 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 prices rising and government bond yields increasing across major economies. Despite this, U.S.-listed spot bitcoin ETFs continue to see sustained demand, but some analysts warn that the rally lacks broad support in the spot market, posing correction risks if traders take profits while spot demand contracts.