Analyst: Trump Rate Cut Could Boost 10-Year Treasury Yield, Benefit Bitcoin Rally

On February 6th, Coindesk analyst Omkar Godbole stated that in an interview this Wednesday, U.S. Treasury Secretary Scott Bennett said that the Trump administration intends to lower the country's borrowing costs by reducing the yield of the 10-year U.S. Treasury bond. A decline in the 10-year yield is generally regarded as beneficial for risk assets such as Bitcoin $BTC . Trump plans to lower the yield by controlling inflation, which may be beneficial to $BTC . However, reducing the budget deficit may not be favorable to risk assets.