What is the impact of the gold-silver ratio on cryptocurrency prices?

1 answers

• May 16, 2022 · 3 years ago
  At BYDFi, we believe that the impact of the gold-silver ratio on cryptocurrency prices is minimal. While there may be some indirect influence, the cryptocurrency market is driven by its own unique dynamics and factors. The gold-silver ratio primarily affects the precious metals market, and while some investors may diversify their portfolios by including cryptocurrencies, the overall impact on prices is likely to be limited. It's important to conduct thorough research and analysis when making investment decisions, considering a wide range of factors beyond just the gold-silver ratio.
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