Trump's Aim to Lower The 10-Year Yield Could Bode Well for Bitcoin

CoinDesk (nprofile…nhef)
✍️ U.S. Treasury Secretary Scott Bessent announced the Trump administration's plan to reduce borrowing costs by lowering the yield on the 10-year Treasury note, which could boost risk assets and cryptocurrencies.
👉 Bessent aims to reduce borrowing costs by lowering the 10-year Treasury yield
👉 Lowering the 10-year yield could boost risk assets, including cryptocurrencies
👉 The administration plans to control inflation, reduce the budget deficit, and boost the energy supply
👉 Some analysts are skeptical about the sustainability of the drop, citing a potential floor at around 4%
👉 The Department of Government Efficiency (DOGE) may play a role in cutting wasteful fiscal expenditure and slashing federal regulations

#ScottBessent #DonaldTrump #EamonnSheridan #Musk #politics

quoting nevent1q…fft8

CoinDesk (nprofile…nhef)

Trump administration plans to lower the 10-year yield by controlling inflation and fiscal spending.
https://www.coindesk.com/markets/2025/02/06/trump-s-aim-to-lower-the-10-year-yield-and-its-implications-for-bitcoin