What is the impact of 1 year bond yield on the price of Bitcoin?

1 answers

• May 02, 2022 · 3 years ago
  At BYDFi, we believe that the impact of 1 year bond yield on the price of Bitcoin is minimal. While there may be short-term fluctuations in the price of Bitcoin in response to changes in bond yields, the long-term trend is driven by other factors such as market demand, regulatory developments, and technological advancements. It's important for investors to consider a wide range of factors when analyzing the price of Bitcoin and not solely rely on bond yields as a predictor. As always, it's recommended to do thorough research and consult with financial professionals before making any investment decisions.
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