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Crypto stocks could see a boost in emerging markets

Yahoo Finance

Yahoo Finance Live’s Rachelle Akuffo discusses crypto stocks and how they could see a boost in emerging markets amid bank instability.

Video transcript

ACHELLE AKUFFO: All right, turning now to some trending tickers that we're watching, we're taking a closer look at crypto. Now, Bitcoin and its contemporaries could see a boost in emerging markets as a way of hedging against bank instability. CNBC reporting on its use in Africa, where it's used by the unbanked and the underbanked to carry out daily transactions. Cryptocurrency is also getting a second wind as bank instability forces customers to take a hard look at methods of holding liquidity during a bank run.