The Old Standard: Why Gold Is Beating Bitcoin ing 2022

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Rebo 27 April 2022 jam 11:59

The Old Standard: Why Gold Is Beating Bitcoin ing 2022

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

Keprigelan babagan perang Rusia-Ukraina terus. Inflasi AS berjuang ing dhuwur patang dasawarsa lan wedi kenaikan suku bunga Fed. Ketidakpastian ngluwihi ekonomi donya amarga resesi wis samesthine tinimbang pulih. Direktur ngatur IMF Kristalina Georgieva nyebutake "krisis ing ndhuwur krisis."

“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.

"Rusia katon nyiapake kanggo ngluncurake serangan utama ing sisih wétan negara - sing ngasilake permintaan emas minangka papan sing aman," ujare analis kasebut.

Iki ngringkes sentimen "risiko-mati" saiki. Kaya sing dikarepake, ekuitas nandhang sangsara amarga para investor adol aset sing beresiko lan tuku aset sing ana hubungane negatif karo pasar tradisional. Mangkono, ruang crypto berjuang bareng karo pasar saham lan emas mundhak.

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.”

Wedi umum babagan ketidakpastian geopolitik lan makroekonomi wis menehi emas dadi sorotan aset sing aman. Aset kasebut ngluwihi kabeh indeks liyane sing katon ing ngisor iki kanthi gain 4%.

Kangge, pasar mata uang nindakake kanthi "pola resiko sing padha." Dolar wis mbuktekake dominasi "risiko" amarga Indeks Dolar AS (DXY) munggah 7%. Yuan China wis kena pengaruh babagan kabijakan "nol-covid" negara - sing nggawe masalah kanggo rantai pasokan global - lan ekonomi China sing saya mudhun. Ing kontras, investor wis mlaku menyang Dolar AS kanggo safety.

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. "

Sauntara kuwi, sentimen umum para pedagang katon kaya bearish, kanthi akeh sing ngomong yen koin kasebut bisa ngunjungi tingkat $ 30k kanthi cepet.

Sumber asli: NewsBTC