There are many pensions, insurance funds and others that are required by *mandate* to only, or mostly invest in risk-free US bonds. Everyone has always given the US a pass by even attaching the term "risk free" to the name (which has always been ridiculous since the 1971 Nixon default on gold, clearly the US has defaulted before so its not risk free). So those who are mandated to buy must go down with the ship because I doubt they can make changes fast enough even if they wanted to to avoid disaster. From here on out, the only risk-free asset will be bitcoin because that understanding has been made painfully clear to Afghanistan & Russia (and the world) that money you don't self-custody isn't really your money afterall. So "risk-free" will be forever redefined, as well it should.

There are many pensions, insurance funds and others that are required by *mandate* to only, or mostly invest in risk-free US bonds. Everyone has always given the US a pass by even attaching the term "risk free" to the name (which has always been ridiculous since the 1971 Nixon default on gold, clearly the US has defaulted before so its not risk free). So those who are mandated to buy must go down with the ship because I doubt they can make changes fast enough even if they wanted to to avoid disaster. From here on out, the only risk-free asset will be bitcoin because that understanding has been made painfully clear to Afghanistan & Russia (and the world) that money you don't self-custody isn't really your money afterall. So "risk-free" will be forever redefined, as well it should.

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