Forget Inflation: Bitcoin Rallies When The Dollar Falls, Study Finds

According to NYDIG research, Bitcoin’s price moves are driven more by the strength of the US dollar and broad liquidity conditions than by direct ties to inflation. Greg Cipolaro, NYDIG’s global head of research, said the data show weak and inconsistent links between inflation measures and Bitcoin. That view shifts attention away from the old narrative that Bitcoin is mainly an inflation hedge. Related Reading: XRP: The Catalyst For ‘Humanity’s Greatest Shift’ By 2030 —Analyst Inflation Link Weak Cipolaro argued that expectations for inflation are a slightly better signal than headline inflation readings, but still not a tight predictor of Bitcoin’s price source: https://www.newsbtc.com/bitcoin-news/forget-inflation-bitcoin-rallies-when-the-dollar-falls-study-finds/