By Bitcoin Majalah - 2 sababaraha taun ka pengker - Waktos Bacaan: 2 menit
Beungkeut Turun 30% Ti Highs Sadaya-Time
The drawdown in bonds is not much less than bitcoin’s drawdown from its all-time high. Legacy finance is demonstrating to be just as volatile as bitcoin.
Di handap ieu mangrupakeun excerpt ti édisi panganyarna tina Bitcoin Majalah Pro, Bitcoin newsletter pasar premium majalah urang. Janten diantara anu pangheulana nampi wawasan ieu sareng anu sanés dina ranté bitcoin analisis pasar langsung ka koropak anjeun, ngalanggan kiwari.
Hasil Perbendaharaan AS 30-Taun Hit 3%
Anyar-anyar ieu, ngahasilkeun beungkeut Perbendaharaan AS 30-taun pencét langkung ti 3% nalika pasar beungkeut Perbendaharaan sapanjang durasi sareng pasar kiridit anu langkung lega terus dijual.
12-jam ngahasilkeun pikeun sagala rupa beungkeut Khazanah ASPaningkatan dina ngahasilkeun nyababkeun volatility pasar beungkeut anu langkung ageung sareng drawdowns anu signifikan pikeun para investor. iShares 20-year Treasury Bond ETF, TLT, anu ngalacak indéks kematangan durasi panjang, ayeuna turun langkung ti 30% tina tingkat luhur sadaya waktos dina Juli 2020. Penurunan pangénggalna nyaéta deceleration panggancangna dina persentase 30 dinten. robah saprak Méi 2009.
Pikeun kontéks, bitcoin is only down roughly 39% from the all-time high. So much for long-dated U.S. Treasuries providing low volatility, portfolio hedging performance and “risk-free” rates.
Karugian tina iShares Treasury bond ETF sakitar 30% Bitcoin's drawdown from all-time highs is around 39%It’s important to keep in mind the long-term outlook of the global economic system when evaluating the performance of bitcoin and debt securities.
Kusabab kanyataan tina beban hutang bersejarah anu parah saatosna lockdowns ékonomi COVID-19, dituturkeun ku stimulus bersejarah anu dituturkeun, hutang salaku kelas aset mangrupikeun janji résiko gratis balik. Hutang sanés ngan ukur hiji perjangjian antara peminjam sareng pemberi pinjaman, tapi dina ékonomi global éta ngadukung sakumna sistem kauangan salaku kelas aset cair (anu panggedéna).
Kusabab kanyataanana kira-kira $100 triliun kiridit kiridit ngajangjikeun résiko bébas balik deui (nevermind aset anu dibanderol kaluar tina ongkos nyata négatip sajarahna: equities, real estate, jsb), kasus urang geus sababaraha kali geus yén asset sampurna dina. téori pikeun nahan dina tahap ieu siklus hutang jangka panjang nyaéta hiji tanpa resiko counterparty jeung nol résiko éncér.
Theory met reality with the advent of the Bitcoin network in 2009.
Now, as the entire investing world is working to figure out how to outpace the historic inflation regime we are faced with today, there stands bitcoin, which continues to look remarkably cheap against the market valuation of every other asset on the planet.
(sumber)sumber aslina: Bitcoin majalah