Real Vision Founder: 90% of Bitcoin's Price Volatility is Driven by Liquidity

Foresight News reported that Raoul Pal, founder of Real Vision, tweeted that 90% of Bitcoin's price volatility is driven by liquidity, while this ratio for the Nasdaq 100 index (NDX) is 97%. The remaining portion is influenced by market acceptance (i.e., the level of application proliferation). The relative performance of tokens or stocks is almost entirely dependent on verifiable network effects (i.e., market acceptance or level of application proliferation).