NYDIG: Bitcoin is becoming a liquidity barometer, and inflation is no longer a key price factor.

According to CoinDesk Greg Cipolaro,NYDIG's global head of research Stated that Bitcoin has long been called "digital gold" and, like precious metals, is often promoted as an inflation hedge.

However, this claim is unfounded, as inflation is not a key factor influencing Bitcoin's price.

In fact, Bitcoin's inverse relationship with real interest rates has strengthened in recent years, and it has become a liquidity barometer, becoming an indicator of global liquidity.