Bitcoin is More and More Becoming an Influential Macro Asset

Bitcoin signage outside a shop in El Zonte, El Salvador. (Photographer: Cristina Baussan/Bloomberg)

Bitcoin is More and More Becoming an Influential Macro Asset

El Salvador is not a nation that comes up in global-macro investing discussions very often, but its embrace of Bitcoin as legal tender marks an interesting milestone in the evolution of the cryptocurrency’s role in financial markets. Ben Emons, strategist at Medley Global Advisors, joined this week’s “What Goes Up” podcast to discuss El Salvador’s embrace of Bitcoin and correlations it’s exhibiting with other parts of the market. He also discusses the European Central Bank’s decision to reduce asset purchases, and he shares some current stock-market strategies.

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