---
title: "Research suggests Treasury bills as main influence on Bitcoin's price. Not all new money affects risk assets."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/276260511.md"
description: "Recent research conducted by Keyrock has revealed that the creation of new money does not uniformly impact risk assets, as the flow of fresh liquidity differs in its effects on the economy. Keyrock's findings suggest that not all newly generated money influences risk assets in the same way, highlighting the complexities of liquidity dynamics."
datetime: "2026-02-18T18:10:44.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/276260511.md)
  - [en](https://longbridge.com/en/news/276260511.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/276260511.md)
---

# Research suggests Treasury bills as main influence on Bitcoin's price. Not all new money affects risk assets.

Recent research conducted by Keyrock has revealed that the creation of new money does not uniformly impact risk assets, as the flow of fresh liquidity differs in its effects on the economy. Keyrock's findings suggest that not all newly generated money influences risk assets in the same way, highlighting the complexities of liquidity dynamics.

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