Marcel Pechman, analyst and writer at Cointelegraph, explains how bitcoin can become part of the $120 trillion mutual fund industry.
The Macro Markets podcast by crypto analyst Marcel Pechman is released every Friday on the Cointelegraph Markets & Research YouTube channel and explains complex things in simple terms, focusing on the causes and impact of traditional financial events on daily cryptocurrency activity.
This week’s podcast begins with a look at the mutual fund business, including big names like BlackRock, Fidelity, and Vanguard, and how the top 15 asset managers manage nearly $54 trillion. Are you kidding me? That’s enough money to buy all the companies in the S&P 500 index, as well as all the gold, banknotes, and coins in circulation around the world.
The role of fixed income in the mutual fund industry and the impact of passive investment tactics on bitcoin
Pechman discusses how the $120 trillion managed by these mutual funds relies heavily on fixed income, and why it remains their top bet despite the fact that it has underperformed the inflation rate for the past three years. In addition, the episode analyzes how passive investment tactics can contribute to the growth of bitcoin.
Cryptocurrency position at different unemployment rates in the US: expert analysis
The following section of Macro Markets answers a question from Film City, which asked him in the comments of a YouTube video last week. Pechman argues why the 40-year low unemployment rate in the US is not necessarily favorable for riskier businesses. On the other hand, the expert demonstrates how rising unemployment rates, especially above 10%, are undoubtedly bad for cryptocurrencies.
Source of information: Cointelegraph