Summary
- Samson Mow said Bitcoin is emerging as a safe-haven asset as the 10-year US Treasury yield rises.
- He linked the rise in the 10-year US Treasury yield to Bitcoin market moves, saying the market is beginning to view Bitcoin as a safe-haven asset.
- With the uptrend in US Treasury yields continuing, attention is on whether Bitcoin can attract demand as an alternative safe-haven asset.
Forecast Trend Report by Period
Bitcoin is emerging as a safe-haven asset as the yield on the benchmark 10-year US Treasury rises, according to Samson Mow, chief executive officer of JAN3.
Cointelegraph reported on Aug. 20 that Mow made the remarks in a post on X, formerly Twitter, discussing the rise in the 10-year US Treasury yield and moves in the Bitcoin market.
"As the 10-year US Treasury yield rises, the market is moving toward viewing Bitcoin as a safe-haven asset," Mow wrote.
As US Treasury yields continue to climb, attention is focused on whether Bitcoin can attract demand as an alternative safe-haven asset.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.