about the latest episode market reportCointelegraph analyst Marcel Pechman takes an in-depth look at Grayscale’s victory over the SEC. While a decision has yet to be made on the firm’s application for a spot bitcoin (BTC) exchange-traded fund, the decision favors Grayscale and its Grayscale Bitcoin Trust, which has more than $16 billion in assets under management.
Next, Pechman discussed the fallout from the bankruptcy of Chinese real estate giant Evergrande and questioned why it took nearly two years to declare the company insolvent. According to the Kobeissi Letter, this appears to be related to China’s recent surprise rate cut.
Pageman reminded the audience that China has recently announced several measures to stimulate the stock market. Ultimately, he agrees that an eventual collapse of the Chinese market will have a negative impact on risky assets such as stocks, cryptocurrencies and commodities.
Still, Pechman believes that in another movement, perhaps one to 10 months later, investors could turn to Bitcoin as investors realize governments cannot sustain themselves without injecting liquidity, diluting the their assets, which could benefit cryptocurrencies.
Finally, Pechman explained what happened to the reportedly stolen 16 trillion Pepecoin (PEPE) tokens and offered advice on how to avoid getting caught up in altcoins.To learn more about all these issues, watch the latest episode market reportonly for the new Cointelegraph Markets & Research YouTube Channel.
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