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.
Read the original article