Bitcoin's Reaction to Economic Changes: Insights from NYDIG
Bitcoin's price is less affected by inflation but responds positively to a depreciating US dollar, according to insights from NYDIG.
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Bitcoin's price is less affected by inflation but responds positively to a depreciating US dollar, according to insights from NYDIG.
After a week of crypto ETP outflows, Bitcoin has made a strong comeback with significant inflows, driven by positive economic data.
NYDIG reports that Bitcoin acts more like a liquidity measure than an inflation hedge, thriving when the US dollar weakens.
As inflation impacts economies, Latin Americans are increasingly relying on stablecoins and cryptocurrencies for financial services, revealing the crypto industry's significance beyond speculation.
Deutsche Bank reports a significant rise in gold reserves among central banks, suggesting potential implications for Bitcoin as a future reserve asset.
As the national debt approaches an unprecedented $38 trillion, investors increasingly view Bitcoin and gold as potential safe havens.
Expectations of interest rate cuts and a rally in gold prices bolster confidence in Bitcoin reaching $125,000.
Bitcoin's price targets $125,000 as gold's upward trend and decreased inflation risks bolster investor confidence in rate cuts and alternative asset rallies.
The recent record prices of precious metals suggest a potential shift in investment towards Bitcoin, as analysts note its undervaluation amidst gold and silver highs.

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