Blockchain enthusiasts, 📢listen up! Cointelegraph analyst Marcel Pechman recently talked about the strength in U.S. consumption while delinquencies on auto loans and credit card balances are accelerating. 😱 He said that while inflation is coming and governments will be forced to inject liquidity to avoid a recession, betting on the S&P 500 is not a wise move. 😏

In addition, Pechman also analyzed the intervention of the Chinese central bank after the yuan hit a 16-year low against the US dollar. He believes that the market's doubts about China's ability to maintain the appreciation of the yuan is the biggest risk. 🤔While there appear to be no imminent risks to the RMB at the moment, it is still worthy of attention. 🧐

What impact do you think this will have on the blockchain market? Say what you want in the comment section! 💬🚀