According to the source, Don Kaufman of TheoTrade says distributing tariff revenue as “tariff dividends” would put more cash on the streets and provide a short-term tailwind for crypto prices via increased liquidity, but it ultimately pours fuel on an inflation fire that implies higher interest rates and tighter financial conditions, a long-run headwind for digital assets, source: Don Kaufman, TheoTrade, public remarks on X dated Oct 3, 2025.

According to The Kobeissi Letter, the 10-year US Treasury yield is approaching 4.50% again today, causing equities to turn negative. The bond market is currently pricing in higher interest rates and increasing fiscal deficits, suggesting that a sustainable rally in risk assets like stocks and cryptocurrencies may depend on a reversal to lower yields (source: The Kobeissi Letter, May 28, 2025). Crypto traders should closely monitor bond yields as persistent high rates can lead to risk-off sentiment, affecting both stock and crypto market liquidity and valuations.