Macro Markets Ep 12 on Cointelegraph Markets & Research: Marcel Pechman explains how lower interest rates benefit Bitcoin.
Macro Markets, hosted by crypto analyst Marcel Pechman, airs every Friday on the Cointelegraph Markets & Research YouTube channel and explains complex concepts in layperson’s terms, focusing on the cause and effect of traditional financial events on day-to-day crypto activity., a Latin American country that is experiencing hyperinflation. After years of populist measures, its local currency, the peso, saw its value go down by 70% in two years.
According to Pechman, gold poses serious problems, as there is no easy way to ensure whether or not the precious metal is fake, and it doesn’t actually work for remittances. Therefore, dollars and euros are the preferred means of savings and exchange for those facing a weak domestic currency. Pechman proceeds to explain how fintechs’ costs and government control limit their potential in Argentina, and why stablecoins are the preferred vehicle for remittances. On the other hand, the analyst shows why cryptocurrencies fail to attract people in those fragile economies, including El Salvador.
The next segment of Macro Markets focuses on the Federal Deposit Insurance Corporation . Reuters reported that the 113 biggest banks in the U.S. will have to cover the recent FDIC loss of $16 billion caused by saving failed financial institutions. Consequently, there’s a cascading effect as the remaining institutions are obligated to cover the losses. Pechman mentions how the Federal Reserve will eventually reduce interest rates and benefit risk-on assets, including Bitcoin.
If you are looking for exclusive and valuable content provided by leading crypto analysts and experts, make sure to subscribe to the
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin Network Starts to Clear Congestion, Onchain Fees Drop by 90% – Bitcoin NewsJust recently, Bitcoin’s congestion has been clearing, resulting in a significant reduction in onchain fees.
Read more »
Bitcoin Miner Marathon Receives Second SEC Subpoena in Connection to Montana Mining Facility Investigation – Bitcoin NewsBitcoin miner Marathon was served with a subpoena by the U.S. SEC in relation to an investigation concerning the firm's Montana mining facility.
Read more »
Large Immersion Cooled Crypto Mining Farms to Extract Bitcoin in Middle East Desert – Mining Bitcoin NewsA project to build two large-scale facilities for cryptocurrency mining is underway in the United Arab Emirates.
Read more »
Bitcoin, Ethereum Technical Analysis: BTC Plunges Under $27,000, Hitting 7-Week Low – Market Updates Bitcoin NewsBitcoin fell to a seven-week low on May 12, as prices dropped below the $27,000 level in today’s session. Ethereum fell below $1,800.
Read more »
Animoca Brands, Cipholio and Cointelegraph Accelerator to host a joint Demo DayCipholio Accelerator partners with Cointelegraph Accelerator, Brinc, and Animoca Brands for a joint Demo Day on May 31 at 1:30 pm UTC. Witness the future of acceleration and innovation in the Web3 and blockchain ecosystem. Don't miss out! Check the link:
Read more »
Canadian Bitcoin Exchange Launches No-KYC Onramp | CoinMarketCapCryptoNews: Bull Bitcoin, a Canadian Bitcoin exchange, has announced a new feature that allows users to buy bitcoin without going through the Know Your Customer (KYC) verification process. 🇨🇦
Read more »