Fidelity Sees Huge Bitcoin Potential in $150 Trillion Bond Market

Bitcoin-focused preferred stocks could draw more income-seeking capital into cryptocurrency purchases, a new Fidelity analysis suggests. The firm sees room for growth within the $150 trillion global fixed-income market, with investment outcomes tied to bitcoin’s performance and issuer strength. Income-seeking investors could become a larger source of bitcoin demand as companies issue dividend-paying shares to finance purchases. In an analysis published Oct. 20, Zack Wainwright, a research analyst at Fidelity Digital Assets, examined how preferred-stock financing for bitcoin purchases could attract capital from the approximately $150 trillion global fixed-income market.

Source: Bitcoin.com News