How does demand pull and cost push inflation affect the price of digital currencies?

1 answers

• Aleksey NikitinJan 10, 2024 · 2 years ago
  At BYDFi, we believe that demand pull and cost push inflation can have a significant impact on the price of digital currencies. When there is an increase in demand for digital currencies, it can drive up their price. Similarly, when the cost of producing digital currencies increases, it can lead to a decrease in their supply, which can also impact their price. It is important for investors to understand these factors and consider them when making investment decisions in the digital currency market.
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