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A recession is coming but here’s how it’s fueling Crypto

Apr 15, 2023 · 1 min read · 39 points
A recession is coming but here’s how it’s fueling Crypto
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Macro Markets Ep # 8 on Cointelegraph Markets & Research: Marcel Pechman explains how a potential looming recession might be causing Bitcoin’s price to rise.

Highlights

  • Marcel Pechman explains how the U.S.’s record-low unemployment rate could be hiding a bigger issue caused by inflation.
  • The S&P 500 being only 13% below its all-time high has been driven by investors moving away from fixed income and why inflation is no longer a primary concern.
  • Pechmen also discusses the link between the banking crisis, a weaker dollar and Bitcoin’s recent rally above $30,000.
  • Join us at Macro Markets every Friday on the Cointelegraph Markets & Research YouTube channel.
  • Make sure to subscribe to the channel to get exclusive and valuable content provided by leading crypto analysts and experts.

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