Analyst: Trump's interest rate cut on 10-year treasury bonds may potentially benefit the rise of Bitcoin
Bitget2025/02/06 07:31
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.
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