In chat with Anil Singhvi, Market Expert Ajay Bagga talks about increasing bond yields, its impact on economy and Bitcoin price crash
One tweet by Tesla Inc’s Chief Executive Officer (CEO) and Founder Elon Musk led to a significant fall in price of Bitcoin. Market Expert Ajay Bagga in chat with Zee Business Managing Editor and Market Guru Anil Singhvi said that this was akin to hitting your own leg with an axe. Bagga said that the US Market Regulator Securities and Exchange Commission (SEC) has previously warned Musk
On being asked if there is a correlation between the bond yield movements of US and India, Bagga said, There is no correlation as the Indian bond yields are driven by internal forces, he said