Analysts: Bitcoin and stocks have not succumbed to rising borrowing costs and are still taking advantage of market enthusiasm for "Trump Deal"
According to online reports, Mohannad Aama, portfolio manager at Beam Capital Management, said that the current higher bond yields can be said to increase market risk. However, neither stocks nor Bitcoin have succumbed to the pressure of rising borrowing costs. Instead, they have been taking advantage of investors 'enthusiasm for the "Trump deal". The "downside" is that this will perfect the pricing of both Bitcoin and stocks. If corporate earnings fail to meet investors 'expectations or Trump fails to deliver on his promise to build a national Bitcoin reserve, both markets could run into trouble.
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