The Old Standard: Why Gold Is Beating Bitcoin En 2022

Por NewsBTC - hai 2 anos - Tempo de lectura: 3 minutos
mércores, 27 de abril de 2022 ás 11:59

The Old Standard: Why Gold Is Beating Bitcoin En 2022

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

Continúan as preocupacións pola guerra ruso-ucraína. A inflación de EE. UU. loita nun máximo de catro décadas e prevalecen os temores á suba das taxas da Fed. A incerteza esténdese á economía mundial xa que se espera unha recesión en lugar dunha recuperación. A directora xerente do FMI, Kristalina Georgieva, chamouno "unha crise por riba dunha crise".

“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.

"Parece que Rusia se está a preparar para lanzar unha gran ofensiva no leste do país, que está a xerar unha demanda considerable de ouro como refuxio seguro", dixo o analista.

Isto resume o sentimento de "risco" no momento. Como era de esperar, as accións sofren, xa que os investidores están a vender activos de risco e compran os que están negativamente correlacionados co mercado tradicional. Así, o espazo criptográfico está loitando xunto ao mercado de accións e o ouro está subindo.

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.”

O temor xeral á incerteza xeopolítica e macroeconómica deu ao ouro o foco dos activos de refuxio unha vez máis. O activo superou a todos os outros índices vistos a continuación cunha ganancia do 4%.

Mentres tanto, o mercado de divisas está a funcionar cos "mesmos patróns de eliminación do risco". O dólar estivo demostrando o seu dominio de "risco" xa que o índice do dólar estadounidense (DXY) subiu un 7%. O yuan chinés sufriu un golpe polas preocupacións sobre a política "cero covid" do país -que crea problemas para a cadea de subministración global- e a desaceleración da economía chinesa. Pola contra, os investimentos correron cara ao dólar estadounidense por seguridade.

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. "

Mentres tanto, o sentimento xeral dos comerciantes parece ser bajista, e moitos din que a moeda podería visitar o nivel de $ 30k en breve.

Orixe orixinal: NewsBTC