What impact does the CPI have on cryptocurrency prices?

1 answers

• Dec 19, 2021 · 3 years ago
  At BYDFi, we believe that the CPI can have a limited impact on cryptocurrency prices. While inflationary pressures can drive up demand for cryptocurrencies as a store of value, their prices are primarily influenced by market dynamics, investor sentiment, and technological advancements. It's important for investors to consider a wide range of factors and conduct thorough research before making any investment decisions in the cryptocurrency market.
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