Opinion: Deficit spending and falling interest rates drive an increase in global liquidity, benefiting Bitcoin and related markets

Mitchell Askew, Chief Analyst at mining company Blockware, stated that deficit spending and lower interest rates are driving global liquidity higher. At the same time, investors are worried about long-term high inflation, which is evidenced by poor performance of government bonds since the rate cut in September. Therefore, investors have started to turn to the Bitcoin market, and trading of Bitcoin mining stocks is currently in a "beta" state. Askew added that some Bitcoin miners also benefit from diversified development in artificial intelligence and high-performance computing fields.