Could Bitcoin's Next Big Catalyst Come From the $300 Trillion Bond Market?

Bitcoin (BTC) may see growth as it targets the $300 trillion global bond market through BTC-backed credit products, according to Richard Byworth of BYZ Partners. Strategy (NASDAQ:MSTR) is launching perpetual preferred equity products that offer yields backed by Bitcoin-heavy corporate balance sheets. Byworth noted that several countries are considering Bitcoin-backed bonds for financing energy infrastructure, which could reduce reliance on traditional lenders. Currently, Bitcoin is consolidating around $82,000, with signs of selling pressure nearing exhaustion.