Analyst: Trump's interest rate cut on 10-year treasury bonds may potentially benefit the rise of Bitcoin
Coindesk analyst Omkar Godbole stated that US Treasury Secretary Scott Bessent said in an interview on Wednesday that the Trump administration aims to reduce borrowing costs by lowering the yield of 10-year U.S. Treasury bonds. A decrease in the 10-year yield is often seen as beneficial for risk assets, including Bitcoin (BTC). Trump plans to lower yields by controlling inflation, which could be beneficial for BTC, but reducing budget deficits may not be favorable for risk assets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Bhutan government transferred 377.77 BTC to two unknown wallets
Sonic SVM announces that the main network Mobius will go live on February 27th
Trending news
MoreCrypto prices
More![Bitcoin](https://img.bgstatic.com/multiLang/coinPriceLogo/bitcoin.png)
![Ethereum](https://img.bgstatic.com/multiLang/coinPriceLogo/ethereum.png)
![XRP](https://img.bgstatic.com/multiLang/coinPriceLogo/ripple.png)
![Tether USDt](https://img.bgstatic.com/multiLang/coinPriceLogo/0208496be4e524857e33ae425e12d4751710262904978.png)
![Solana](https://img.bgstatic.com/multiLang/coinPriceLogo/solana.png)
![BNB](https://img.bgstatic.com/multiLang/coinPriceLogo/binance.png)
![USDC](https://img.bgstatic.com/multiLang/coinPriceLogo/usdc.png)
![Dogecoin](https://img.bgstatic.com/multiLang/coinPriceLogo/dogecoin.png)
![Cardano](https://img.bgstatic.com/multiLang/coinPriceLogo/cardano.png)
![TRON](https://img.bgstatic.com/multiLang/coinPriceLogo/tron.png)