Why some are calling it a ‘flight to quality’

Between the bond market volatility, concerns about the Federal Reserve’s rate path, and worries about a recession, some are turning to bitcoin (BTC-USD). Sean Farrell, VP of Digital Asset Strategy at Fundstrat Global Advisors, tells Yahoo Finance Live that amid all those concerns, there are now “very well-reputed financial professionals who don’t normally wade into crypto waters saying that this digital bearer asset is a good alternative” to things like a 30-year Treasury. It comes after BlackRock CEO Larry Fink said the recent rally in the digital currency reflects a “flight to quality.”

For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Source link

Previous articleHow to watch Liverpool vs Everton on TV, online and listen for free
Next articleApple and Goldman Sachs: The messy partnership that led to Apple Card