The Old Standard: Why Gold Is Beating Bitcoin Die afdeling was binne-in 2022 SAI Bn gestasioneer en het as die Opleiding en Ontwikkelings Vleuel bekend gestaan.

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Wo, 27 Apr 2022 11:59

The Old Standard: Why Gold Is Beating Bitcoin Die afdeling was binne-in 2022 SAI Bn gestasioneer en het as die Opleiding en Ontwikkelings Vleuel bekend gestaan.

Bitcoin continues to underperform as a general “risk-off” sentiment has investors driving toward gold as a safe haven asset.

Kommer oor die Russies-Oekraïnse oorlog duur voort. Die Amerikaanse inflasie sukkel op 'n vier-dekade-hoogtepunt en die vrese van Fed-koersverhogings heers. Die onsekerheid strek tot die wêreldekonomie aangesien 'n resessie in plaas van 'n herstel verwag word. Die IMF se besturende direkteur, Kristalina Georgieva, het dit "'n krisis bo-op 'n krisis" genoem.

“The war is a supply shock that reduces economic output and raises prices. Indeed, we forecast inflation will accelerate to 5.5 percent in advanced economies and to 9.3 percent in emerging European economies excluding Russia, Turkey, and Ukraine. ” The IMF stated last week.

Reuters recently quoted Commerzbank analyst Daniel Briesemann, who talked in a note about the factors that have “lent buoyancy to gold in recent days,” mentioning the “strong buying interest on the part of ETF (Exchange Traded Fund) investors” and news about the Ukraine war.

"Dit lyk asof Rusland besig is om voor te berei om 'n groot offensief in die ooste van die land te loods - wat 'n aansienlike vraag na goud as 'n veilige hawe genereer," het die ontleder gesê.

Dit som die “risk-off” sentiment op die oomblik op. Soos verwag, ly aandele daaronder omdat beleggers riskante bates verkoop en dié koop wat negatief gekorreleer is met die tradisionele mark. Die kripto-ruimte sukkel dus saam met die aandelemark en goud styg.

Data from Arcane Research’s latest weekly report notes that it has been a gloomy year for the “digital gold.” In the first three weeks of 2022, Bitcoin sank 25% and it is still down by 18% in the year despite its slight recovery.

Similarly, Nasdaq records a 19% decline in the year, having underperformed against bitcoin “by a small margin,” notes the report, adding that “This is surprising given that bitcoin has tended to follow Nasdaq, albeit with higher volatility.”

Die algemene vrees oor geopolitieke en makro-ekonomiese onsekerheid het goud weer die kollig op veilige hawebates gegee. Die bate het beter gevaar as al die ander indekse wat hieronder gesien word met 'n wins van 4%.

Intussen presteer die valutamark met “dieselfde risiko-af-patrone”. Die dollar het sy “risiko-af”-oorheersing bewys, aangesien die Amerikaanse dollar-indeks (DXY) met 7% gestyg het. Die Chinese yuan het 'n knou gekry oor kommer oor die land se "nul-covid"-beleid – wat probleme vir die wêreldwye voorsieningsketting skep – en die verlangsamende Chinese ekonomie. In teenstelling hiermee het beleggers vir veiligheid na die Amerikaanse dollar gehardloop.

Bitcoin supporters usually refer to the coin as “digital gold” alleging it is a safe haven asset, and this narrative had held well while BTC had been “uncorrelated with most other major asset classes,” but the tide is shifting with the 2022 scenario as investors are rather placing the coin “into the risk-on basket”.

A previous Arcane Research report indicated that bitcoin’s 30 -day correlation with the Nasdaq is revisiting July 2020 highs while its correlation with gold has reached all-time lows.

A pseudonym traded noted that “As Bitcoin adoption goes on and more institutional investors enter the market, the correlation of BTC and stocks becomes more and more tight. That is a paradigm that the crypto world struggled to come to terms with in the past but is now more real than ever. A healthy stock market is good for Bitcoin. "

Intussen blyk die algemene sentiment van handelaars lomp te wees, met baie wat sê dat die munt binnekort die $30k-vlak kan besoek.

Oorspronklike bron: NewsBTC