Bitcoin price correlation
Willy Woo suggests that the Bitcoin price is more effectively correlated with the M2 money supply than with the DXY index. He argues that the DXY index may not be the best measure for assessing Bitcoin’s correlation. Woo emphasizes the importance of understanding the relationship between Bitcoin and monetary supply metrics. This perspective highlights the need for a more nuanced approach to evaluating Bitcoin’s market behavior.
This update was auto-syndicated to Bpaynews from real-time sources. It was normalized for clarity, SEO and Google News compatibility.
