Casey McmahonDec 16, 2021 · 3 years ago8 answers Is there a correlation between the USD to THB rate and the price of Bitcoin?
I'm curious to know if there is any relationship between the exchange rate of USD to THB (Thai Baht) and the price of Bitcoin. Are these two factors correlated in any way? Can changes in the USD to THB rate affect the price of Bitcoin? I would like to understand if there is any connection between these two variables and if it can be used as a predictor for Bitcoin price movements.