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Analyst: Bitcoin and stocks have not succumbed to pressure from rising borrowing costs and are still capitalizing on the "Trump trade" market enthusiasm
Editor
2024-11-25 17:03:01 7,591
Golden Finance reported that Mohannad Aama, a portfolio manager at Beam Capital Management, said that the current higher bond yields can be said to have increased market risks, but neither stocks nor Bitcoin have succumbed to rising borrowing costs. Instead, it has been taking advantage of investor enthusiasm for the "Trump trade". The "downside" is that this will make both Bitcoin and stocks priced to perfection. Both markets could be in trouble if corporate earnings don't live up to investor expectations or if Trump doesn't follow through on his promise to build a national Bitcoin reserve.
Keywords: Bitcoin
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