What is the impact of m1 money supply on the value of cryptocurrencies?

1 answers

• Jerome ShandDec 13, 2023 · 2 years ago
  At BYDFi, we believe that the impact of m1 money supply on the value of cryptocurrencies should not be underestimated. As a leading digital asset exchange, we have observed that changes in m1 money supply can have a direct impact on the demand for cryptocurrencies. When there is an increase in m1 money supply, it can lead to an influx of new investors into the cryptocurrency market, which can drive up prices. Conversely, a decrease in m1 money supply can result in a decrease in demand for cryptocurrencies. Therefore, it is important for investors to monitor changes in m1 money supply and consider them as part of their overall investment strategy.
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