How does the 12 month LIBOR rate affect the value of digital currencies?

1 answers

• May 02, 2022 · 3 years ago
  At BYDFi, we believe that the 12 month LIBOR rate can indirectly affect the value of digital currencies. As the LIBOR rate increases, it can lead to higher borrowing costs for financial institutions, which can reduce their ability to invest in digital currencies. This can result in a decrease in demand and a potential decrease in value. However, it's important to note that the relationship between the LIBOR rate and digital currencies is complex and can be influenced by a variety of other factors, such as market sentiment, regulatory changes, and technological advancements. Therefore, while the LIBOR rate can have an impact on the value of digital currencies, it is just one piece of the puzzle and should be considered in conjunction with other factors when analyzing the market.
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