Bitcoin Outlook Amid Macro Headwinds
— Steady, Means, Unemployment, Reported, Macro, Outlook, Managing, Recession, Amid, Bitcoin — 1 min read
Labor Department reported employers added 372,000 jobs in June, while unemployment rate held steady at 3.6% Medley Global Advisors Managing Director Ben Emons discusses what this means for bitcoin and why it should calm fears of a recession. Emons: Joblessless rate is a good sign the economy will continue to grow despite headwinds from the global economy. He explains why this is good news for bitcoin, and why this should calm concerns about the future of the bitcoin market in the U.S. Emons says it's good for bitcoin investors to see the market as a safe haven for future investors and for investors in the long run of the year. For more information, visit www.medleyglobaladvisors.com/bitcoin Source