Don't get me wrong - to me, any yield is too low because bonds are shit and it would NEVER cross my mind to lend my money to the State mafia.
But I guess under 2%?
Discussion
That seems like a good area to be considered low. Wonder how long it will take to get back there. My guess is 3-4 years
There are more factors though, like the halvening in March 2024, and the BIS regulation that allows central banks to have up to 2% of their reserves in BTC (and likely ETH), starting in January 2025.
2% of the world's bank reserves is 3-4 trillion dollars. Just with 2 of those, the price of BTC would shoot up to $100-150k. Plus all the institutional and retail money that will go behind... we may be looking at new ATHs an order of magnitude larger than last cycle.