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Jinse Finance reported, according to Cointelegraph, Bitwise stated that if just 3% to 4% of gold funds rotate into Bitcoin, it could potentially double the Bitcoin price from its current level.

Jinse Finance reported that during the Asian trading session, U.S. Treasury yields edged lower, with the 10-year Treasury yield further falling below 4%. Pepperstone analyst Michael Brown stated in a report: "I find it difficult to justify the two-year (U.S. Treasury yield) dropping significantly below 3.50% or the 10-year (U.S. Treasury yield) dropping significantly below 4.00%, because the U.S. is outperforming other countries, inflation remains high, and overall risk appetite is positive." He said that unless there are major, potentially unexpected macroeconomic downside risks, the room for further gains in U.S. Treasuries is expected to diminish, especially for long-term bonds. (Golden Ten Data)