Cortisol is the stress hormone. It affects a lot of body functions. One thing cortisol does is prevent your body from creating one of the key ingredients in hair (GAS9). All the estrogen in the world can’t make your body produce more GAS9.
Also, it is true that higher estrogen levels is correlated with being less likely to become bald. However, there is a point when there is too much estrogen to the point that it inhibits hair growth
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