"we find no evidence of any positive links between inflation and either Bitcoin or Ethereum during times of increasing forward inflation expectations. This raises significant doubts over the ability of cryptocurrencies to hedge expected inflation in the short- or long-run."
A really great study, albeit of a completely different topic. Let me explain the it in layman's terms: Can expectation of inflation be used as a trading signal to profit from a rising price of Bitcoin and Ethereum? Result: Not really, it was only briefly possible during Covid19 and does not hold as a general relationship.
My point was: BTC is more deflationary than USD. A relationship between the topic of the study and my statement does not exist. But if you read chart 1 of Figure 1 carefully, you will find that its data in fact supports my statement.
My point was: BTC is more deflationary than USD. A relationship between the topic of the study and my statement does not exist. But if you read chart 1 of Figure 1 carefully, you will find that its data in fact supports my statement.