Mitchell Askew, Chief Analyst at mining company Blockware, stated that deficit spending and lower interest rates are driving global liquidity higher, while investors are concerned about long-term high inflation, as evidenced by the poor performance of government bonds since the interest rate cut in September. Therefore, investors are beginning to turn to the Bitcoin market, and trading in Bitcoin mining stocks is currently in a "beta" state. Askew added that some Bitcoin miners are also benefiting from diversification in the fields of artificial intelligence and high-performance computing.
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Opinion: Deficit spending and falling interest rates drive increased global liquidity, benefiting Bitcoin and related markets
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