Yesterday I was listening to a podcast about the upcoming Sunday elections in Japan and the so-called "Reiwa rice crisis": rice prices have nearly doubled, increasing pressure on voters. This surge in food inflation is shaking bond markets: yields on Japanese government bonds with maturities of 10 to 30 years have reached multi-year highs, as investors fear that the cost of rice and new spending promises will translate into more debt.
If yields continue to rise, global bond markets could be destabilized; think of a domino effect that will spread to Treasuries, mortgages, and interest rates globally. This fragility reminds me why Bitcoin is important to own: it's outside that broken system. When governments mismanage basic goods like food and public finances, bonds falter and traditional savings shrink, but SATs continue to operate, free from political risk.
That's why holding Bitcoin provides peace of mind: a financial refuge when fiat systems falter.