Bitcoin's True Driver: Not Inflation, But a Weakening Dollar, Says NYDIG

preview image

Contrary to popular belief, Bitcoin does not act as a reliable hedge against inflation. Instead, research from NYDIG suggests that the cryptocurrency's price movements are more closely tied to the fluctuations of the U.S. dollar. When the dollar weakens, Bitcoin, much like gold, tends to see a price increase.

Read more

Comments

Post a Comment

Popular posts from this blog

BitMEX Exposes Lazarus Group's Cyber Security Vulnerabilities

Image
BitMEX's security team has exposed significant operational security vulnerabilities within the Lazarus Group, a North Korean state-sponsored cybercrime organization. Their counter-operations probe revealed critical lapses, including exposed IP addresses, database access, and tracking algorithms, offering unprecedented insight into the group's methods and structure. Read more
Read more