PANews reported on October 26 that according to CoinDesk, Greg Cipolaro, global research director of NYDIG, said that Bitcoin has long been called "digital gold" and is often promoted as an inflation hedge tool like precious metals, but this statement is actually untenable. Inflation is not a key factor affecting Bitcoin prices. In fact, the inverse relationship between Bitcoin and real interest rates has strengthened in recent years, and it has evolved into a liquidity barometer and an indicator of global liquidity.