Bitcoin Education Institute

Bitcoin’s price drivers are changing. A new paper, "From Network Fundamentals to Macro-Financial Integration: The Evolving Predictability of Bitcoin Returns," by Rafael Palazzi (University of Sao Paulo), Gerson de Souza Raimundo Júnior (Pontifical Catholic University of Rio de Janeiro), and Marcelo Cabus Klotzle (Pontifical Catholic University of Rio de Janeiro), shows how return predictability has shifted from on-chain fundamentals toward macro and financial markets as Bitcoin has matured. The authors find that metrics such as the market-to-realized value ratio, funding rates, and open interest still matter in every regime. But after 2019, stocks, rates, and volatility increasingly shape Bitcoin’s returns, especially during stress periods such as 2022–23. This matters because it shows Bitcoin is no longer a fully isolated asset. Bitcoin still runs on internal cycles, but it now plugs into global liquidity and risk conditions when markets are under pressure. See the full paper here: papers.ssrn.com/sol3/papers.cf…

Who is the Students Network @BTCStudents for? All of you!! Quick shoutout to the great @BTCedu + to all of you out there supporting the future of Bitcoin ie. the youth!

@saultienut @KorokRay @gladstein Shoot us a message!

@KorokRay @gladstein How can I help?

I am thrilled to announce the launch of the Bitcoin Education Institute (BEI), a new non-profit dedicated to advancing understanding of Bitcoin through education. Bitcoin is the most important and least understood technology of our time. Few know what Bitcoin really is, how it works, or why it has value.  The BEI wants to change this at scale. We plan to build out an army of Bitcoin educators, integrate Bitcoin throughout curriculum, and give Bitcoin a place on the podium of human knowledge, which it rightly deserves. Follow @BTCedu for updates!

#Bitcoin is a profound scientific breakthrough, a singular human achievement that should inspire generations to come. We must study it. We must teach it. We must understand it. Korok Ray on the launch of the Bitcoin Education Institute @BTCedu, a new nonprofit advancing Bitcoin education.