Analyst: Bitcoin and stocks have not succumbed to rising borrowing costs, still capitalizing on "Trump trade" market enthusiasm
2024-11-25 08:47:34
Beam capital management investment portfolio manager mohanad amardesk3cryptocurrencydesktopCrypto News
Mohannad Aama, a portfolio manager at Beam Capital Management, said that the current higher bond yields arguably increase market risk, yet neither stocks nor bitcoin have succumbed to the pressure of rising borrowing costs, but have been capitalizing on investor enthusiasm for the "Trump trade," which "has the downside" of pricing both bitcoin and stocks to perfection. Both markets could be in trouble if corporate earnings do not meet investor expectations, or if Trump does not follow through on his promise to build a national bitcoin reserve.
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