Analysis: Rising US Treasury yields may be good for Bitcoin

Odaily News Although the 10-year U.S. Treasury yield continues to rise, the traditional view is that this puts pressure on risky assets such as Bitcoin (BTC), but analysts point out that the current upward trend in yields is mainly due to fiscal expansion and rising sovereign risks, which may be beneficial to Bitcoin. Under the fiscal policy promoted by the Trump administration, the market expects the 10-year yield to rise to 6% in the next 12 to 18 months. Analysis points out that the continued high yields reflect the rising sovereign credit risk, which may enhance the attractiveness of Bitcoin as an alternative asset. (CoinDesk)