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Maryland Smith Experts Weigh Bitcoin s Viability as a Currency and Asset
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Switzer Daily
15 February 2021
Global share markets rose again over
the last week helped by good US earnings, declining new coronavirus cases and ongoing
assurance of easy monetary policy and US fiscal stimulus. For the week, US
shares rose 1.2%, Eurozone shares gained 0.8%, Japanese shares rose 2.6% and
Chinese shares rose 5.9%. Australian shares fell -0.6% for the week, though led
by declines in energy, industrial, material and utility stocks not helped by
Friday’s news of yet another snap lockdown – this time in Victoria. Bond yields
generally rose as did commodity prices and the $A, as the $US fell.
Bitcoin rides again
Bitcoin resumed its melt-up over the last week,