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ASX jumps in broad rally; Fortescue at record high; Link tumbles Save Share S&P500/Nasdaq futures are mixed Asia Pacific markets are on the front foot AUD buys US77.1c 4.59PM – Jan 4, 2021 Robert Guy It s tempting to dismiss the surge in the price of Bitcoin and Ethereum as a speculative blow-off powered by hot money chasing momentum. But the rally in digital currencies reflects an unease about the unholy trinity of debt, deficits, and debased currencies forged by policymakers desperate to revive growth. The rally in Bitcoin beyond $US30,000 is a digital indictment of the easy money policies embraced by the world s central banks, as increasingly aggressive balance sheet expansions obliterate the concept of a price for risk and fuel an ever growing everything bubble . ....