Compared with economic factors, the price of encrypted money is more affected by market sentiment

The price of bitcoin, Ethernet currency and other encrypted currencies depends on investor sentiment rather than any economic indicator. He observed that the price change patterns of the 14 largest encrypted currencies reflect the past returns of the investors and the emotional changes they experienced when they observed an increase or decline in value. He believes that this can be attributed to the fact that bitcoin and other encrypted currencies have not been included in the terms of reference of the government or financial institutions.