US10 Year Yields not correlated to Bitcoin
I keep reading on Trading View that US Ten Year yields are going to fall to 1.2% and this means Bitcoin is going to go back up.
Take a look at the chart - there is little correlation between US 10 year yield rates and the price of Bitcoin. A 50% correlation at best and even if this was higher, correlation doesn't imply causation. Just because Bitcoin has softened while there has been a softening in yields this year - that doesn't make them either correlated or causated.
Bitcoin is going to do what Bitcoin is going to do.
10 Year Yields are going to rise based on i) implied taper talk/rate rising by the Fed because of ii) Implied US GDP Recovery/Growth iii) Jobs Recovery
Take a look at the chart - there is little correlation between US 10 year yield rates and the price of Bitcoin. A 50% correlation at best and even if this was higher, correlation doesn't imply causation. Just because Bitcoin has softened while there has been a softening in yields this year - that doesn't make them either correlated or causated.
Bitcoin is going to do what Bitcoin is going to do.
10 Year Yields are going to rise based on i) implied taper talk/rate rising by the Fed because of ii) Implied US GDP Recovery/Growth iii) Jobs Recovery