European Central Bank: Bitcoin has failed to become a global decentralized digital currency, instead becoming a victim of fraud and manipulation
On February 22, the European Central Bank (ECB) posted on social media stating, "Bitcoin has failed to become a global decentralized digital currency and instead has become a victim of fraud and manipulation. The recently approved ETFs cannot change the fact that Bitcoin is expensive, slow, and inconvenient."
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Will a 10-year US Treasury yield rising to 5.5% "attack" US stocks? Societe Generale warns: this could be the valuation tipping point.
Bokobza, Global Head of Asset Allocation at Société Générale, pointed out that if the 10-year U.S. Treasury yield reaches 5.5%, corporate profit growth will not be sufficient to offset the impact of rising rates on valuations, and the stock market will face substantial pressure. However, he believes that the upcoming rate hikes by the Federal Reserve and the European Central Bank will be relatively limited and will not disrupt the current economic cycle.
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