The stress in the tyres is due to the difference between the internal pressure trying to burst the tyre and the external atmospheric air pressure supporting the tyres.
Now, the difference in atmospheric air pressure between sea level and the top of any mountain you could ride up will only be a few pounds per square inch.
For example, the atmospheric pressure at the top of the 29,000 ft Mount Everest is about one third of that at sea level - say about 5 lb/square inch (psi), compared with 14 lb/square inch at sea level.
So, the tyres will experience an apparent increase of pressure of 14 - 5 = 9 lb/square inch.
As bicycle tyres are typicality pressurised to 70 or 100 lb/square inch (psi) it isn't going to make much difference. The increased stress is well within the safety zone for over pressurising a bicycle tyre above its recommended pressure.
More realistically, the atmospheric air pressure at the top of a 10,000 ft mountain is about 70% of sea level - say 10 lb/square inch, so the change is only 4 lb/square inch.
See
How to Achieve the Perfect Bike Tire Pressure
[Bicycle] Road tires typically require 80 to 130 psi (pounds per square inch); mountain tires, 25 to 35 psi; and hybrid tires, 40 to 70 psi.
It applies to car tyres too - how often do you see reports of motorists being stranded on mountains because their tyres have burst? Or Tour de France cyclists having their tyres explode on mountain finishes?
As a child I lived at an altitude of about 5,000 ft. Mercury barometers typically stood at 66cm, not 76cm; and water boiled at 95C.