MM034: El Salvador's Bitcoin distraction

In this episode, I talk to the Head of Trading Piers Curran about El Salvador’s adoption of bitcoin as a legal tender and the crash in crypto we saw earlier this week. We look at the reasons behind this pioneering move but ask the question of whether it's simply a tactic for President Bukele to push his agenda. We also look at why many major Wall Street banks are turning bearish on US stocks and what would need to happen to see a meaningful correction in the S&P 500 into year-end. Hosted on Acast. See acast.com/privacy for more information.