Real Vision founder: 90% of Bitcoin price fluctuations are driven by liquidity

This article is machine translated
Show original

According to , Raoul Pal, founder of Real Vision, tweeted that 90% of Bitcoin's price fluctuations are driven by liquidity, while the proportion for the Nasdaq 100 Index (NDX) is 97%. The remaining part is influenced by market acceptance (i.e., application prevalence). The relative performance of tokens or stocks is almost entirely dependent on verifiable network effects (i.e., market acceptance or application prevalence).

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments