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Author Topic: Myth breaker: Bitcoin UP after lower inflation predictions...  (Read 192 times)
YOSHIE
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Today at 05:46:17 PM
 #21

Myth breaker: Bitcoin UP after lower inflation predictions..
In my understanding of Bitcoin, I think the behavior or reaction of the crypto market is very difficult and complicated, where in my understanding Bitcoin very often acts as a high-risk asset.

I believe that Bitcoin price movements are greatly influenced by sentiment towards global capital flows, when compared with inflation figures, although it can be said that Bitcoin's rise can be linked to falling inflation, for me that is a myth.

In several cases I have seen inflation go down, but the price of cryptocurrencies like Bitcoin also goes down, and likewise, when inflation is high, the price of Bitcoin actually goes up.

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