Ongoing macro-inflation trends are likely to affect Bitcoin this way - Aliens: AI Crypto News & Markets Updates
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Ongoing macro-inflation trends are likely to affect Bitcoin this way

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AMB Crypto

Wed, Jan 19, 2022

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Outumuro pointed out in his report that a similar trend was noticed in Bitcoin’s price movement in 2018 when inflationary pressures and monetary supply decreased.

This correlation between the monetary supply change and Bitcoin’s price has been increasing since then, recorded at a high level of 0.77 in the report.

If the monetary supply decreases going forward, as has been recently indicated by the Fed, Bitcoin’s future outlook could turn increasingly bearish.

This has already been seen playing out in Bitcoin’s trade statistics, as the crypto-asset registered outflows in four out of the five past weeks, totalling over $317 million.

Analyst Alex Kruger highlighted the same on Twitter recently, 13/ Furthermore, bitcoin is now a macro asset that trades as a proxy for liquidity conditions.

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