There’s More To Bitcoin’s Rally Than Just Inflation Fears

There’s More To Bitcoin’s Rally Than Just Inflation Fears

Patrick Tan 04/08/2020 7
There’s More To Bitcoin’s Rally Than Just Inflation Fears

While some analysts are pointing to inflation fears to explain bitcoin’s recent rally, there are so many other factors at play that affect the cryptocurrency’s rise.

No Easy Answers

Which is why there’s no easy answer for whether or not bitcoin’s rise is due to inflation fears.

Inflating The Price Of Bitcoin

Which is why bitcoin watchers who have witnessed the most recent surge in the dollar-price of bitcoin may have inadvertently noticed that it also coincided with a period when investors became increasingly concerned over inflation.

The Great Inflation Speculation

When interest rates fall, non-yielding assets such as bitcoin typically become more attractive because the opportunity cost of leaving money, in the cryptocurrency, become lower.

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  • Matthew Bisset

    The previous crash dealt a huge damage to me. I’m currently up 10%, I can see another crash ahead.

  • Bruce Walker

    Excellent article

  • Adam Rosevear

    I've always had my hopes up, this is my season

  • Richie Mcauliffe

    Keep it up!

  • François Leclair

    Excellent and good remarks

  • Bill Murphy

    Great analysis my friend

  • R Rodriguez

    Great analysis

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Patrick Tan

Crypto Expert

Patrick is an innovative entrepreneur and a lawyer passionate about cryptocurrencies and the business world. He is the CEO of Novum Global Technologies, a cryptocurrency quantitative trading firm. He understands the business concerns of founders and business people helping them to utilise the legal framework to structure their companies to take advantage of emerging technologies such as the blockchain in order to reach greater heights. His passion for travel, marketing and brand building has led him across careers and continents. He read law at the National University of Singapore and graduated with Honors in the Upper Division and joined one of Singapore’s top law firms, Allen & Gledhill where he was called to the Singapore Bar as an Advocate & Solicitor in 2005. He created Purer Skin, a skincare and inner beauty company which melds the traditional wisdom of ancient Asian ingredients such as Bird's Nest with modern technology. In 2010, his partner and himself successfully raised $589,000 from the National Research Foundation of Singapore under the Prime Minister’s Office. He has played a key role in the growth of Purer Skin from 11 retail points in Singapore to over 755 retail points in Singapore and 2 overseas in less than a year. He taught himself graphic design, coding, website design and video editing to create the Purer Skin brand and finished his training at a leading Digital Media Company. 

 

   

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