Could Bitcoin be part of the $120T mutual fund industry? By Cointelegraph
Macro Markets, hosted by crypto analyst Marcel Pechman, airs every Friday on the Cointelegraph Markets & Research YouTube channel and explains complex concepts in layman’s terms, focusing 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 (NYSE:), 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.