Pythagoras Investments Capital Formation Director: Bitcoin's pullback is mainly due to the recent macro outlook for interest rates and rising Treasur
By:Cointime
Semir Gabeljic, Director of Capital Formation at Pythagoras Investments, stated that the recent decline in Bitcoin to $65,000 is mainly due to the macroeconomic outlook on interest rates and rising bond yields. A high interest rate environment typically lowers investors' risk appetite.
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