(FINANCIAL TIMES) For bitcoin speculators, last year was a bonanza. The cryptocurrency started in January last year at US$7,194 and on Sunday surged above US$34,000 - a more than 360 per cent annual return.
Courtesy of the United States Federal Reserve, asset buyers in general have had a stellar pandemic. Whether it was US Treasuries or junk bonds, equity portfolios or high-end property, the free money gusher has lifted all asset prices. Nor is the Fed inclined to stop the party. This year could offer a similar kind of boom to last.
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