Opinion: Three economic indicators released this week may help Bitcoin soar

Three economic indicators released this week could make Bitcoin soar. First, bond yields on U.S. 10-year Treasury bonds fell to a record 0.667%; second, according to Freddie Mac, mortgage rates fell to a record low of 3.29%, but the number of home buyers Does not necessarily indicate sales performance, sales have stopped for that month, and the number may decline as worries about coronavirus continue; third, the U.S. unemployment rate fell to its lowest point in 50 years and was only 3.5 on Friday %. Although this usually indicates strong economic development, it does not account for the impact of coronavirus, and these figures cover only the first 90 days. Overall, the leading indicators performed weakly, while the lagging indicators performed strongly. These factors indicate that the economy is rapidly weakening, in which case Bitcoin may attract large investments due to its safe-haven status.