How does the 30 yr treasury yield affect the value of digital currencies?

1 answers

• EGONSep 30, 2021 · 4 years ago
  At BYDFi, we believe that the 30-year treasury yield can indirectly affect the value of digital currencies. As the yield increases, it can lead to a shift in investor sentiment towards traditional financial assets, which may temporarily reduce the demand for digital currencies. However, it's important to note that digital currencies are influenced by a wide range of factors, including market sentiment, regulatory developments, technological advancements, and macroeconomic trends. Therefore, while the 30-year treasury yield can have an impact, it's crucial to consider the broader market dynamics when assessing the value of digital currencies.
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