Michael Saylor Defends Bitcoin Strategy as BTC and USD Reserves Exceed Debt

Goldman Sachs believes that high interest rates are a headwind for the stock market, but not a force to end the bull run. The 30-year US Treasury yield soared to 5.3%, but historical data shows that the average return of US stocks 12 months after a rate hike is as high as +9%. Corporate balance sheets are at their strongest level in 20 years, and AI investments and ongoing merger waves continue to boost profit expectations. It is expected that the S&P 500 earnings per share will reach $340 in 2026, a 24% year-on-year increase.