James Butterfly: Slowing inflow of digital asset funds affected by uncertainty, bond market driving force may surpass Federal Reserve

James Butterfill, head of research at CoinShares, stated that the recent slowdown in inflows of $11.1 billion into digital asset funds since mid July reflects uncertainty. The yield of the 10-year treasury bond bond and the 30-year treasury bond bond rose above 5.3% and 5.7%, both of which are at the highest level in more than 20 years. The probability of the Federal Reserve raising interest rates in October has dropped from 71% to 23%. James Butterkill believes that the importance of the bond market may surpass that of the Federal Reserve, and Bitcoin's breakthrough needs to be driven by fiscal logic.