区块链骑士
52Followers263Articles
Why has the UAE, which started out in the oil industry, become a new hotbed for the crypto industry?
The recent crypto market is experiencing a stark contrast: on one hand, Bitcoin has retreated more than 30% from its all-time high, while on the other hand, the UAE is hosting a variety of crypto conferences, bringing together top institutions and industry veterans.How exactly do M2 and the US dollar affect Bitcoin's price movement? Can we really "avoid the peak" by referring to these two data points?
KOLs on the X platform often simplify the rise in M2 or the weakening of the US dollar as a signal for a surge in Bitcoin, but in reality, the relationship between the two and Bitcoin is not linear, but rather a conditional correlation affected by time lag and market cycles.
