OPINION: Bitcoin’s 80 per cent climb this year has put the growth plans of Aussie-born miner Iris Energy back on track. But it’s another sign of FOMO central bankers could do without.
is yet another sign that central banks fear they are losing the fight against stubborn inflation.was just one example of the growing sense of FOMO that has infected global financial markets, loosening financial conditions at a time when central banks need the opposite.
. So perhaps he’s taking extra encouragement from the remarkable surge in bitcoin, which has risen 80 per cent this year and this week burst back through $US30,000 after jumping 13 per cent in five days. Iris stock is up 37 per cent this week after it announced plans to boost its mining capacity by more than 60 per cent with the expansion of its data centre at Childress in Texas.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Car giant to axe hundreds of Aussie jobs: ‘Will be difficult’Some 400 Australian jobs are set to be lost at car manufacturing giant Ford. 7NEWS
Read more »
Aussie superstar falls one run short of Ashes tonHeartache for Ellyse Perry 😨 But what a knock! 🙌
Read more »
Nine announces initiative to support Aussie OlympiansBREAKING: As the world marks Olympic Day, Nine has announced it will be supporting our athletes as an official partner of the Australian Olympic Committee. 9News DETAILS:
Read more »
Nine announces initiative to support Aussie OlympiansA helping hand on the road to Paris 😍
Read more »
Nine announces initiative to support Aussie OlympiansNine has announced a new partnership with the Australian Olympic Committee which will see the network support athletes on their journey towards the 2032 Olympics in Brisbane. 9News
Read more »