Blockchain

There’s More To Bitcoin’s Rally Than Just Inflation Fears


While some analysts are pointing to inflation fears to explain bitcoin’s recent rally, there are so many other factors at play that affect the cryptocurrency’s rise.

Patrick Tan

Inflating The Price Of Bitcoin

Which is why bitcoin watchers who have witnessed the most recent surge in the dollar-price of bitcoin may have inadvertently noticed that it also coincided with a period when investors became increasingly concerned over inflation.

The Great Inflation Speculation

When interest rates fall, non-yielding assets such as bitcoin typically become more attractive because the opportunity cost of leaving money, in the cryptocurrency, become lower.

Probably gonna need more than just a stethoscope for this one. (Photo by Bermix Studio on Unsplash)

No Easy Answers

Which is why there’s no easy answer for whether or not bitcoin’s rise is due to inflation fears.

Source: https://medium.com/the-capital/theres-more-to-bitcoin-s-rally-than-just-inflation-fears-418c7b168753?source=rss——-8—————–cryptocurrency

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