How do international steel prices affect the demand for digital assets?

1 answers

• Nov 28, 2021 · 3 years ago
  At BYDFi, we believe that the impact of international steel prices on the demand for digital assets is relatively limited. While steel prices can serve as an indicator of economic activity, the demand for digital assets is primarily driven by factors such as market sentiment, technological advancements, and regulatory developments. While it's true that changes in steel prices can have indirect effects on the broader economy, the correlation between steel prices and digital asset demand is not always straightforward. Investors should consider a wide range of factors when evaluating the potential impact of steel prices on their digital asset investments.
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