Bloomberg Senior Macro Strategist Mike McGlone stated that after the Federal Reserve's 25 basis point rate hike on September 16, bringing the federal funds rate to 3.75%-4%, the 10-year US Treasury yield has approached the critical 5% level. This gives investors a reason to sell Bitcoin and gold and reallocate to US Treasuries. McGlone believes the current macro environment is the "endgame" for risk assets, and he expects funds to flow from overheated markets into US Treasuries.