Bitcoin’s Price is a Leading Indicator of Geopolitical Risk Says Paper
Bitcoin is not only a hedge against geopolitical risk (GPR), but bitcoin’s price (BCP) can also predict it according to a new paper.
“GPR can be positively affected by BCP, which suggests that the Bitcoin market is a leading indicator, when it comes to reflecting and providing contingency for the financial risks associated with the global geopolitical events,” they say.
This is the first time such claim has been made and it is the first time a study finds bitcoin’s price is a leading indicator for anything, let alone geopolitical risk.
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