CoinScoopBitcoin Holds Steady Amid 20-Year High Bond Yields and 7% Mortgage Rates
Bitcoin maintained its value despite a surge in U.S. government borrowing costs to 2007 levels and mortgage rates exceeding 7%. Financial advisor Ric Edelman now recommends a 10% to 40% allocation to Bitcoin for investors. Additionally, a major exchange suffered a $387 million breach, though Bitcoin holdings remained unaffected.
Summaries are written by AI from the original article. Not investment advice.