Analysts: Trump's interest rate cut on 10-year Treasury bonds may benefit Bitcoin's rise "
According to online reports, Coindesk analyst Omkar Godbole said that U.S. Treasury Secretary Scott Bessent said in an interview on Wednesday that the Trump administration aims to reduce the borrowing cost of the economy by reducing the yield on the 10-year U.S. Treasury bond. Lower 10-year yields are generally seen as beneficial to risky assets, including Bitcoin (BTC). Trump's plan to lower yields by controlling inflation may be good for BTC, but reducing budget deficits may be bad for risky assets.
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