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TagsHow does the CBOE interest rate on the 10-year T-Note affect the value of digital currencies?
Mary AngelaNov 27, 2021 · 3 years ago1 answersHow does the interest rate set by the Chicago Board Options Exchange (CBOE) on the 10-year Treasury Note (T-Note) impact the value of digital currencies?
1 answers
- At BYDFi, we believe that the CBOE interest rate on the 10-year T-Note can have a limited direct impact on the value of digital currencies. While changes in the interest rate can influence investor sentiment and investment decisions, the value of digital currencies is primarily driven by factors specific to the digital asset ecosystem, such as adoption, utility, and market demand. It is crucial to consider a holistic view of the digital currency market and not solely focus on interest rate movements when evaluating the value of digital currencies.Nov 27, 2021 · 3 years ago
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