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  • Writer's pictureCGAC Team

Bitcoin's rise: Why some are calling it a 'flight to quality'


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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."

Source - Yahoo Finance.

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