Steve Weiss lifts cash to 25% as rising yields pressure bitcoin
- —Weiss raised his cash allocation to about 25% and may add more
- —He cited surging bond yields and a spike in energy prices
- —The defensive move comes as pressure builds on equities and bitcoin
Why it matters: A defensive shift to cash by a prominent manager signals risk-off sentiment that could weigh on bitcoin and other risk assets.
Source: Coinotag