What is the relationship between the money supply M3 and the demand for digital currencies?

1 answers

• May 06, 2022 · 3 years ago
  At BYDFi, we believe that the relationship between the money supply M3 and the demand for digital currencies is an important aspect to consider. As the M3 money supply expands, it can create an environment of increased liquidity, which may attract investors to digital currencies. However, it's important to note that the demand for digital currencies is also influenced by other factors such as market trends, technological advancements, and regulatory developments. Therefore, while the money supply M3 can have an impact on the demand for digital currencies, it is just one factor among many.
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