By Bitcoin 杂志 - 2 年前 - 阅读时间:2 分钟
As U.S. Inflation Hits 7.91%, Negative Impact On Bitcoin Price Looming
A coming liquidity crisis in legacy markets could have negative impact on bitcoin 价钱。
以下内容来自最近一期的 Deep Dive, Bitcoin 杂志的优质市场通讯。 成为第一批获得这些见解和其他链上信息的人 bitcoin 市场分析直接发送到您的收件箱, 现在订阅.
今天,我们看到 7.91 月份美国消费者物价指数再次加速增长,该数据符合市场普遍预期的 XNUMX%。 此前,我们预计通胀将 可能在第一季度达到峰值 虽然在今年剩余时间里保持高位,但随着大宗商品和能源价格的飙升,这种情况看起来越来越不可能。
即使它对压低价格几乎没有实质性影响,美联储和其他中央银行现在也被迫尝试并积极收紧货币政策,以维持其价格稳定目标的完整性或幻想。
Since December, a rise in the 10-year yields with credit getting more expensive has coincided with a fall in bitcoin的价格。
A rise in 10-year yields with credit becoming more expensive is coinciding with a dip in the bitcoin 价钱。那么这一切对大局意味着什么呢?
信贷市场开始意识到通胀将持续存在 大 自 4 年第四季度以来收益率上升的趋势也是如此。随着信贷工具的抛售,历史上过度负债的经济体系中的利率上升,导致金融资产的净现值降低,消费者、企业的利息负担增加和主权资产负债表。
Our base case for the short/intermediate term is increasingly tight financial conditions and an unwind in leverage (in legacy markets, as bitcoin derivatives have already de-risked substantially).
In our view, this regime ends with a liquidity crisis in legacy markets, which likely has a net negative impact on the bitcoin price, followed by a pivot in central bank policy back towards quantitative easing and ultimately yield curve control.
撇开短期/中期流动性风险不谈,结局没有改变。 非主权绝对稀缺的数字货币资产的理由从未如此强烈。
原始来源: Bitcoin 杂志