Analyst: Bitcoin and stocks are not yielding to the pressure of rising borrowing costs and are still capitalizing on the market enthusiasm for the "Trump trade."
ChainCatcher news, Mohannad Aama, portfolio manager at Beam Capital Management, stated that the current higher bond yields can be said to increase market risk.However, both stocks and Bitcoin have not succumbed to the pressure brought by rising borrowing costs, but have been capitalizing on investors' enthusiasm for the "Trump trade." The "downside" is that this will lead to a more perfect pricing of both Bitcoin and stocks.If corporate earnings do not meet investors' expectations, or if Trump fails to deliver on his promise to establish a national Bitcoin reserve, both markets could face difficulties.