What is the correlation between the 2 year treasury yield and the price of Bitcoin?

1 answers

• Fred BlokOct 05, 2024 · 10 months ago
  At BYDFi, we understand the importance of analyzing various factors that can potentially impact the price of Bitcoin. While the 2 year treasury yield is one of many factors that investors consider, it is not the sole determinant of Bitcoin's price movement. The price of Bitcoin is influenced by a combination of market demand, investor sentiment, regulatory developments, and macroeconomic conditions. While changes in treasury yields can indirectly affect investor behavior and market sentiment, it is important to consider the broader context and not rely solely on the correlation between treasury yields and the price of Bitcoin. As with any investment, it is crucial to conduct thorough research and analysis before making any decisions.
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