Elgato HD60X, PS5, Macbook Pro 2020

I wanted to get an Elgato HD60X. However, I wonder whether my Macbook Pro 2020 2 Thunderbolt 3 is enough.

The specs are:

Processor: 1.4GHz quad-core Intel Core i5

Graphics card: Intel Iris Plus Graphics 645 1536 MB

RAM: 8GB 2133MHz LPDDR3

I wanted to stream on Twitch via my PS5.