The opening ceremony of the "Trump Market" has officially concluded: Observing how the market prices the "debt crisis" from the rise in term premiums
Overall, the author believes that many high-growth risk assets, including the cryptocurrency market, will continue to face price pressure in the short term. This is due to the widening term premium in the U.S. Treasury market and rising medium- to long-term interest rates, which have had an adverse impact. The reason for this situation is that the market is pricing in the U.S. debt crisis.