What We Found
- Strong correlation (r = 0.67) between economic anxiety and crypto adoption
- Statistically significant at p < 0.0001
- M2 money supply is the strongest predictor
- 65% directional accuracy using only macro data
Economic Drivers of Blockchain Adoption
Exploring the relationship between macroeconomic conditions and cryptocurrency adoption
Correlation
r = 0.67
Directional Accuracy
65%
Primary Driver
M2
Key Findings
Honest Limitations
- Not a definitive forecast — 65% accuracy indicates limited but meaningful signal
- Cannot predict cryptocurrency prices
- Limited by small sample size (~80 months)
- May not generalize to unprecedented events
Adoption vs Economic Anxiety
How the two indices move together over time. Explore the full analysis for correlation details and drivers.
Current Economic Anxiety Reading
Economic Anxiety Index
53.6
Index score (0–100)
Stable
Last updated: 2026-02-21
T5YIE, T10YIE
58.9%
Inflation Fear
M2 Growth
38.4%
Monetary Debasement
Yield Curve + Sentiment
63.6%
Recession Fear
This is a research indicator with 65% historical accuracy. Not financial advice.
Want to dive deeper?
Explore the full data, methodology, and limitations. This is academic research—we report what we found and what we didn’t.