- 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 Bitcoin 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.