Bitcoin prices in recent days have been resurgent, rising as much as 20%, and seemingly turning industry sentiment on a dime.
However, as pundits debate potential catalysts for the sudden surge that took hold in an asset that had otherwise been locked in sideways trade for months, one fund manager said the shift in attitude in bitcoin goes beyond the recent rally in the best-known cryptocurrency. “I would say broadly it was central banks,” said Travis Kling, founder and chief investment officer of Ikigai Asset Management.
“We had the Fed do a complete U-turn into dovish mode, then everyone else followed (European Central Bank and Bank of Japan). We…