The debt market is collapsing, and no one is prepared

Most investors haven't noticed what's happening right now.

Global bond yields are rising in unison.
This is not just a local issue but a systemic shift.

Look at this chart:
— 2020: Money was almost free, interest rates near zero
— 2023: Already risen to 3–4%
— Now: Close to 5% globally
— Forecast: Heading toward 7%

This is not just rate hikes; the entire financial system is being re-priced.

Let's break down the logic behind this.

When interest rates are near zero, governments take on huge debts.
Approximately $300 trillion worldwide.

But there was a key assumption at the time:
The cost of debt repayment was very low.

Now, this model is breaking down.

Each new bond issued → higher cost
Each rollover of debt → greater pressure
Each passing year → more interest payments

Here's a simple example:
The U.S. now pays $1.23 trillion annually just in interest
And this number is rising exponentially

What does this mean?

It's not just "loans are getting more expensive,"
But:

— Fiscal capacity is starting to falter
— Deficits are accelerating
— The money-printing machine becomes unavoidable
— Markets begin demanding risk premiums

The real critical point is coming.

This is not 2008. This is more severe.

The problem in 2008 was in the banks.
Now, the problem is in the government itself.

Back then, we could "save the system,"
But now, the system itself is the problem.

But there's no need to panic excessively.

Markets won't crash overnight.
This evolution is gradual.

The typical scenario is:

1. Yields continue to rise
2. Stock and real estate markets come under pressure
3. Liquidity crises emerge
4. Central banks intervene
5. A new round of easing begins

And this phase will also give rise to the core assets of this cycle.

Bitcoin.

Not as a speculative tool,
But as an alternative to the current system, especially when debt becomes uncontrollable.

Key points to watch:

If yields continue to rise:
— Risk assets will remain under pressure
— Liquidity will tighten further
— Volatility will increase

If a turning point occurs:
— It means the system is being "rescued" again
— And this often fuels the next rally

Core insight:

We are not in a normal cycle.
We are in the phase of the debt economy itself breaking down.

And such moments often harbor the greatest opportunities, as well as the biggest traps.