Analysts see 10-year Treasury yield hitting 6%. Bitcoin bulls shouldn’t panic

Analysts see 10-year Treasury yield hitting 6%. Bitcoin bulls shouldn’t panic

Özet: Kripto piyasasında önemli gelişmeler yaşanıyor.

The 10-year Treasury yield, which affects borrowing costs across the U.S.

economy, has been rising for months, and some analysts now think it’s headed to 6%, a level last seen in 2000.

That might sound like bad news for bitcoin BTC$84,117.13.

The effect on bitcoin and on assets like gold, which have no cash flow or built-in yield, depends on what is driving yields higher.

If investors want higher yields because they’re worried about record deficits, rather than a booming economy or Fed rate hikes, that’s a vote of no confidence in U.S.

That’s the bull case for alternatives like bitcoin, which over the long term has been largely uncorrelated with yields, a recent CoinDesk analysis showed.

“When yields rise because the Fed is tightening, bitcoin suffers.

When yields rise on fiscal and term-premium concerns, the picture flips,” Markus Thielen, founder of 10x Research, said in a note to clients Tuesday, forecasting a rise in the 10-year yield to 6% in the coming months.

Analiz: Piyasa hareketliliği devam ediyor.