The Old Standard: Why Gold Is Beating Bitcoin u 2022

Autor NewsBTC - prije 2 godine - Vrijeme čitanja: 3 minute
Sre, 27. april 2022. 11:59

The Old Standard: Why Gold Is Beating Bitcoin u 2022

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

Zabrinutost oko rusko-ukrajinskog rata se nastavlja. Inflacija u SAD-u se bori na visokom nivou od četiri decenije, a prevladavaju strahovi od povećanja stope Fed-a. Neizvjesnost se širi i na svjetsku ekonomiju jer se umjesto oporavka očekuje recesija. Direktorka MMF-a Kristalina Georgieva nazvala je to "krizom povrh krize".

“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.

"Čini se da se Rusija sprema da pokrene veliku ofanzivu na istoku zemlje - to stvara značajnu potražnju za zlatom kao sigurnim utočištem", rekao je analitičar.

Ovo rezimira trenutno raspoloženje „rizika“. Kao što se i očekivalo, dionice trpe jer investitori prodaju rizičnu imovinu i kupuju onu koja je u negativnoj korelaciji sa tradicionalnim tržištem. Dakle, kripto prostor se bori zajedno sa tržištem dionica, a zlato raste.

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.”

Opći strah od geopolitičke i makroekonomske neizvjesnosti ponovo je dao zlatu u centar pažnje kao sigurno utočište. Imovina je nadmašila sve ostale indekse prikazane u nastavku sa povećanjem od 4%.

U međuvremenu, tržište valuta radi sa „istim obrascima smanjenja rizika“. Dolar je dokazao svoju dominaciju „isključujući rizik“, jer je indeks američkog dolara (DXY) porastao za 7%. Kineski juan pogodio je zabrinutost zbog politike „nulte kovida“ u zemlji – koja stvara probleme za globalni lanac nabavke – i usporavanja kineske ekonomije. Nasuprot tome, investitori su radi sigurnosti trčali u američki dolar.

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. "

U međuvremenu, čini se da je generalno raspoloženje trgovaca medvjeđe, a mnogi kažu da bi novčić uskoro mogao dostići nivo od 30 hiljada dolara.

Izvorni izvor: NewsBTC