According to ChainCatcher, Mohanad Amar, portfolio manager at Beam Capital Management, said that current higher bond yields increase market risks.

Stocks and Bitcoin have been unaffected by rising borrowing costs, taking advantage of investor enthusiasm for the “Trump deal.” But that could lead to both being priced for perfection.

If corporate earnings fall short of expectations or Trump doesn’t follow through on his promise to build a national bitcoin reserve, the stock and bitcoin markets could struggle.