There’s a new report out which highlights some pretty exciting aspects regaring the surge in Bitcoin’s price and also the boosted interest in the digital asset.
Bitcoinist online publication makes some interesting assumptions.
They say that the mounting global debt could be triggering pessimism about stocks while at the same time spiking Bitcoin fever.
According to the latest reports, the global debt has reached $243 trillion, and the stock market is also becoming gloomier with each passing day.
It seems that considering this financial scenery, more and more investors are becoming interested in Bitcoin and financial analysts debate the causes of this renewed interest in the most important digital asset.
Pessimism about stocks and surging BTC fever
The online publication mentioned above reported that global debt has increased by more than 50% since the last financial debacle from a decade ago.
According to the Institute of International Finance (IIF), even if the global debt slowed sharply in 2018, it gained “a global debt mountain” of $243 trillion.