How do treasury benchmarks impact the valuation of cryptocurrencies?

1 answers

• Sumit sharmaMay 10, 2022 · 3 years ago
  At BYDFi, we recognize the influence of treasury benchmarks on the valuation of cryptocurrencies. As treasury yields rise, we often observe a decrease in the demand for cryptocurrencies on our platform. This is because investors tend to prioritize assets with lower risk during such times. However, it's important to note that the impact of treasury benchmarks is just one factor among many that affect the valuation of cryptocurrencies. Other factors like market sentiment, regulatory developments, and technological advancements also play a significant role. Therefore, while treasury benchmarks are important to consider, they should not be the sole focus when assessing the valuation of cryptocurrencies.
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