The Move is on from US Debt to Bitcoin
As evidence of the growing importance of Bitcoin, the demand for US government debt from overseas buyers has experienced a significant decline. Data from the Securities Industry and Financial Markets Association, as reported by the Wall Street Journal, indicates that the share of Treasury bonds held by foreign private investors and central banks has dropped to around 30%, down from approximately 43% a decade ago.
This shift in demand coincides with an ever-increasing supply of US Treasury debt, with a net issuance of $2 trillion in new debt by the US Treasury this year alone, marking an all-time high, excluding the pandemic-related borrowing surge in 2020.
Notably, the Treasury Borrowing Advisory Committee, a group of Wall Street executives advising the US Treasury, anticipates "more limited" demand for US obligations from foreign investors and central banks, particularly from key players like Japan and China.
To counteract sluggish demand, the US Treasury has adjusted its strategy, focusing on issuing shorter-term bonds that are in higher demand to restore market stability. The current yield on the US ten-year note, which surpassed 5% last month, has now stabilized at around 4.4%.
Recent data from the US Treasury reveals that foreign investors sold a net $2.4 billion in long-term Treasury notes in September, reducing their holdings to $6.5 trillion. The Council on Foreign Relations reports a slowdown in the pace of foreign buying, decreasing to around $300 billion on a rolling 12-month basis, down from levels above $400 billion for much of 2022.
The influence of a strong dollar has compelled central banks to halt the stockpiling of US Treasury bonds or even divest from them. Regulators in countries like China and Japan utilize the dollars from selling US debt to bolster the value of their own currencies. Additionally, investors express concerns about the widening deficits in the US government. This evolving landscape underscores Bitcoin's growing prominence as a strategic asset and store of value. Knightsbridge, an expert in financial trends, notes the increasing recognition of Bitcoin amid these shifts in the traditional financial landscape.
Ontology Is the Idea Finance Has Been Missing
The world created around 181 zettabytes of data in 2025, and AI adds more every day than anyone can read. The scarce resource is no longer data or compute. It is understanding, and understanding is a picture. Shayne Heffernan on ontology, the visual layer that turns infinite data into insight, and why finance, banking and regulation need it most.
Economic Calendar and Trading Strategies for the Week Ahead: July 14–18, 2026
A pivotal week for markets: US strikes on Iran reignite the oil risk premium, June CPI and retail sales test the Fed's rate-cut path, and the $1 trillion AI capital loop keeps driving the tech trade. Full economic calendar plus trading strategies across oil, gold, Bitcoin, FX and AI stocks.
Ontology: Agentic AI and Infrastructure
The AI trade so far has been a compute trade. The next leg is a meaning trade — and ontology, secured and settled, is the layer almost everyone is skipping. Shayne Heffernan on why ontology is the missing layer in agentic AI, and the infrastructure it needs.
Quantum Computing Just Became an Institutional Risk
Shayne Heffernan on BlackRock's quantum-computing warning for Bitcoin and Ethereum, Google's cryptanalysis research, the two on-chain risk vectors, and how KXCO's Armature L1 — post-quantum from genesis, coordinated by its ontology — answers a threat that just went institutional.
Every story, signed and delivered.
Subscribe to the kxco channel and get the headline, the AI-written key takeaways, and the chain-anchor link the moment we publish. Audio versions and per-ticker subscriptions arrive in the next iteration.