Could Bitcoin be part of the $120T mutual fund industry?
Cointelegraph analyst and writer Marcel Pechman explains how Bitcoin could become a part of the $120-trillion mutual fund industry. The show Macro Markets, hosted by crypto analyst Marcel Pechman, which airs every Friday on the Cointelegraph Markets & Research YouTube channel, explains complex concepts in layman’s terms and focuses on the cause and effect of traditional financial events on day-to-day crypto activity. This week’s show starts by discussing the mutual fund industry , including the well-known BlackRock, Fidelity and Vanguard, and how the top 15 asset managers handle over $54 trillion. Can you believe it? That money could buy all the companies listed in the S&P 500 Index, plus all the gold, fiat bills and coins in circulation on the planet. Pechman explains how the $120 trillion managed by these mutual funds relies heavily on fixed income and why it remains their top bet despite paying below inflation for the past three years. Moreover, the show discusses how pas...