Derived from TheCCPress, VanEck’s study reveals that over 50% of Bitcoin’s price variance since 2014 is explained by global M2 liquidity cycles. The research, led by CEO Jan van Eck and Head of Digital Assets Research Matthew Sigel, uses multivariable regression to show a strong correlation (r² = 0.54) between Bitcoin’s price and the top five fiat currency supplies. The study highlights Bitcoin’s role as a hedge against currency fluctuations and notes that Asian markets now lead in Bitcoin price discovery.
VanEck Study Shows 54% of Bitcoin Price Variance Linked to Global M2 Liquidity
CCPressShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.