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Samyukhtha L KM

Bitcoin’s price moves closely with RBI liquidity despite ‘no intrinsic value’ claim

At a media event in Mumbai, RBI Deputy Governor T. Rabi Sankar criticized Bitcoin and stablecoins, arguing they lack intrinsic value and pose risks to monetary stability. At the same time, Bitcoin’s major rallies and drawdowns appear to closely mirror shifts in RBI liquidity, with expansions aligning with price gains and tightening coinciding with weakness.
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