BlockBeats news, September 29: Tom Lee, Chairman of Ethereum treasury company BitMine, stated that Wall Street veteran Jim Bianco has turned bullish on US Treasuries for the first time in six years after yields rose to about a two-decade high, believing the current level is attractive. If US Treasury yields begin to decline, the narratives surrounding the "maximum pain point" yield, fiscal deficit, inflation concerns, and the Federal Reserve's hawkish stance may loosen simultaneously, at which point risk assets such as stocks and cryptocurrencies could see a rebound.
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Tom Lee: If US Treasury yields start to decline, risk assets such as crypto may see a rebound.
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