Debt is GOOD for Bitcoin?? Shocking insights revealed
Cointelegraph analyst and writer Marcel Pechman explains why debt might be good for Bitcoin, and discusses JPMorgan’s method for trading debt instruments. In the latest episode of Macro Markets , Cointelegraph analyst Marcel Pechman discusses the United States Federal Reserve’s delicate balancing act of curbing inflation without causing a recession and sheds light on the potential implications for the cryptocurrency market. In the crypto world, the anticipation of rising interest rates could have a short-term negative impact. This may lead to a loss of confidence in the U.S. dollar, potentially resulting in a downturn for the crypto market. Nevertheless, Pechman remains optimistic about the potential of Bitcoin (BTC), highlighting its hard-locked monetary policies as a key factor in maintaining value during times of economic uncertainty. The much-awaited approval of a spot Bitcoin exchange-traded fund takes center stage, as it could be a game-changer for the crypto market, potentially...