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TagsHow do PPI and PMI affect the valuation of digital currencies?
Kelly LynetteDec 28, 2021 · 3 years ago1 answersCan you explain how the Producer Price Index (PPI) and Purchasing Managers' Index (PMI) impact the value of digital currencies?
1 answers
- At BYDFi, we believe that PPI and PMI can provide valuable insights into the valuation of digital currencies. However, it's important to note that these indices are just one piece of the puzzle. Factors such as market demand, regulatory developments, and technological advancements also play a crucial role in determining the value of digital currencies. Therefore, while PPI and PMI can be useful indicators, they should be considered alongside other relevant factors when assessing the valuation of digital currencies.Dec 28, 2021 · 3 years ago
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