Recent Bitcoin interest a result of stock market pessimism? –

This post was originally published on this site
© Reuters.
  • Investors may potentially take refuge in cryptocurrencies as accumulated global debt hits $243 trillion.
  • Richardson GMP, a leading Canadian management firms, has suggested four factors behind the latest bull run.

Robert Burgess, a former global editor in charge of financial markets for Bloomberg, wrote that pessimism surrounding the stock market is probably “spiking fever.” According to the Institute of International Finance (IIF), the total accumulated global debt is worth $243 trillion. Global debt has increased over 50% since the last financial debacle of 10 years ago.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

This post was originally published on *this site*