NYDIG Global Research Director Greg Cipolaro stated that Bitcoin has long been referred to as "digital gold" and is often presented as a hedge against inflation, much like precious metals. However, this claim does not hold, as inflation is not a key factor influencing the price of Bitcoin. In reality, in recent years, the inverse relationship between Bitcoin and real interest rates has strengthened, and it has evolved into a liquidity barometer, becoming an indicator of global liquidity.
