Bitcoin’s (BTC) Safe Haven Appeal Strengthens as U.S. Treasury Bonds Disappoint, Allianz’s Advisor El Erian Says

Bitcoin’s (BTC) Safe Haven Appeal Strengthens as U.S. Treasury Bonds Disappoint, Allianz’s Advisor El Erian Says



At 4.9%, the yield on the U.S. 10-year Treasury note is at least ten basis points higher than where it was a day before Hamas attacked Israel on Oct. 7. In other words, the price of the 10-year note has declined, a sign of investors seeking safety in other assets. Bitcoin has risen 23% to $34,460 since Oct. 7.



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