Analysts: Trump's 10-year Treasury rate cut may be positive for Bitcoin's rise
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Coindesk analyst Omkar Godbole said in an interview on Wednesday that the Trump administration aims to reduce the cost of borrowing the economy by lowering 10-year Treasury bond yields . A 10-year yield reduction is often seen as a benefit to risky assets, including Bitcoin (BTC). Trump plans to lower yields by controlling inflation, which may be good for BTC, but reducing budget deficits may be bad for risky assets.