AI Debt Lifts 30-Year Treasury Yield to 5.27%: Can Bitcoin Compete?

The US government now pays 5.27% to borrow for 30 years, the highest rate of 2026. Artificial intelligence (AI) companies are a large part of the reason. Bitcoin (BTC) is losing the fight for the same money.

Bitcoin trades near $63,517, down 46.1% over the past 12 months. Gold rose 32.6% in the same stretch. The gap between them is almost 79 percentage points.

AI Borrowing Now Competes With the US Treasury

Start with the trend. US technology companies used to sell about $61 billion of bonds a year. That is the five-year average, JPMorgan Asset Management said in July. In 2025 they sold $131 billion. By late July 2026 they had sold $192 billion.

One sector now accounts for 27% of all net investment-grade bond sales, by JPMorgan's count. Across every US company, issuance reached $1.68 trillion through July. That tally comes from the Securities Industry and Financial Markets Association.

Here is why that matters. The buyers are the same pension funds and insurers that fund Washington. Nomura Securities estimates Big Tech borrowing now equals roughly 25% of Treasury net bond sales to private investors. A year ago the share was five times smaller.

… Continue reading the full article at the original source below.