Bitcoin bulls bets Fed rate cuts will drive bond yields down, but one problem

The Federal Reserve is expected to cut interest rates by 25 basis points on September 17, lowering the benchmark interest rate to 4.00%-4.25%, and is expected to cut further interest rates, bringing interest rates close to 3% within one year. Bitcoin bulls hope that a decline in Treasury yields will boost risk appetite, but fiscal concerns and ongoing inflation may keep long-term yields high, and even rate cuts may limit Bitcoin’s gains.