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Loose monetary policy by central banks is fueling Bitcoin

The large amount of cheap money inflated the prices on the crypto markets artificially, as the new CEO of Zurich-based Crypto Finance (Brokerage) AG said in an interview with the AWP news agency.

New all-time highs for Bitcoin and other blockchain currencies such as ether kept the markets in suspense. The loose monetary policy of the central banks, in combination with the rising fears of inflation, would certainly have played a central role: “These not only drove the stock markets to new highs, but also other investment alternatives such as Bitcoin,” Heusser sums up the crypto year 2021.

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