Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. A risk-on mood is rippling through the markets today, driving up shares, most currencies against the US dollar, and triggering another surge in bitcoin. Hopes of a Brexit free trade deal and a US stimulus package are growing, while the prospect of accommodative monetary policy from the world’s central bankers continues to support markets - and weaken the dollar.
The Bitcoin price is a lagging indicator of humanity's understanding of money.
Don't buy Bitcoin now. Wait until it goes past $100K. Trust in institutions, banks and governments at all-time-lows. Trust in code & leaderless, decentralised 'store of value' at all-time-high. Rules not rulers.
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And by this time tomorrow Bitcoin will probably reach record lows as shares plummets 🤣