US Long-Term Treasury Bonds Post Worst Performance Since Records Began, Raising Questions About Bitcoin's Role
Long-term US government bonds have delivered negative returns over the past decade for the first time in their 223-year history. According to Bank of America data, long Treasuries lost about 2% annually through August 2026, with yields rising due to inflation and Federal Reserve rate hikes. This marks a historic shift as bonds have traditionally been considered one of the safest investments. The poor performance contrasts sharply with Bitcoin's early years, which began during an era of near-zero interest rates after the 2008 financial crisis. Now that Treasury yields are approaching pre-crisis levels—10-year at 4.8% and 30-year at 5.25%—Bitcoin faces a new challenge: delivering returns higher than those offered by bonds. The situation raises questions about Bitcoin's appeal in an environment where cash is no longer free, with investors weighing the risks of holding non-yielding assets against traditional safe havens.
Tickers: $BAC
Topics: Bitcoin inflation Treasury yields US bonds