Germany's planning to hit the bond market hard next year—we're talking a record $600 billion in issuance. That's a big number. Why does this matter for us in crypto and digital assets? When governments flood the market with bonds, it typically signals something about their fiscal situation and can ripple through global capital flows. More bond supply competes for investor attention and capital. Interest rate dynamics shift. It's the kind of macro data point that shapes where money moves, especially in a world where yield-seeking capital has become more sophisticated about diversifying across traditional and alternative assets. Keep an eye on how European debt dynamics play out—they often set the tone for broader asset allocation trends.