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Analysis: Rising US Treasury yields may be favourable for Bitcoin
Odaily News Despite the continuous rise in the yield of the US 10-year Treasury bonds, traditional views suggest that this puts pressure on risk assets such as Bitcoin (BTC). However, analysts point out that the current yield increase is mainly due to fiscal expansion and rising sovereign risks, which may actually be favourable for Bitcoin. Under the fiscal policies promoted by the Trump administration, the market expects the 10-year yield to rise to 6% within the next 12 to 18 months. Analysts indicate that persistently high yields reflect an increase in sovereign credit risk, which may enhance Bitcoin's appeal as an alternative asset. (CoinDesk)