Covid-era features that characterize bull runs in every corner of the financial market, including Bitcoin.
BTC$104,992.63
It has revived in Switzerland, one of the world’s most financial powers.
The Swiss National Bank (SNB) cut interest rates to zero on Thursday, assessing the economic uncertainty caused by the decline in inflation and the trade war between the Swiss franc (CHF) and President Donald Trump.
The return to zero is because tariffs threaten to shrink the nation with trade surpluses such as Switzerland and China.
The latest rate cuts are the bank’s sixth consecutive move since it began reducing borrowing costs in March 2024.
SNB’s return to zero may be a sign of what will come across Europe and other developed countries. A broad-based return to Zero Interest Rate Policy (ZIRP) may work for Bitcoin.
