Bitcoin is increasingly treated as risk assets instead of the pure storage of value-bitfinex ⋅ Crypto World Echo
Bitcoin (BTCThe market behavior continues to develop, with modern trends indicating that it is dealt with as the origin of the risks more than the traditional store of value, according to a new report from Bitfinex.
The price of Bitcoin has remained in a standardization range between 91,000 dollars and 102,000 dollars for more than 75 days, which reflects the decrease in volatility and increased market stability.
The report highlighted that BTC’s association with stocks may be enhanced. At the same time, she weakened her relationship with gold, which indicates the role of encryption as the origin of risk rather than a valuable store.
In addition, Bitfinex noticed that Bitcoin is still sensitive to macroeconomic developments It interacts sharply with geopolitical events, including the president Donald Trump Recently imposed A new tariff for Mexico, Canada and China.
Risk origins
Despite his “digital gold”, Bitcoin did not reflect the last gold gathering. The relationship between Bitcoin and S&P 500 was strengthened, while its association with gold was weaker.
Bitcoin has not yet seen long -term institutional flows that prompted the increase in gold prices. Central banks, sovereign wealth funds and institutional investors have increased significantly from gold possessions amid economic uncertainty, while bitcoin is still primarily driven by speculative demand.
Although trading in the Bitcoin exchange (ETFS) has contributed to their broader adoption, these investment tools are still volatile.
The report indicated that Bitcoin’s investment funds collectively own more than $ 116 billion of management assets, equivalent to 6.08 % of the total Bitcoin supplies. However, ETF flows were inconsistent, with large flows of 234.4 million dollars and 140.2 million dollars on separate days last week.
On the other hand, gold has benefited from structural purchase, as investors seek hedges against inflation and economic instability and the effects of interest rate policies in the field of federal reserves.
The aggressive trade position of the Trump administration and the continuous financial expansion pushed more institutional allocations towards gold, which enhances its role as a defensive asset. However, uNike Gold, which has benefited from defensive locations, is still Bitcoin of high alternate.
In addition, while the treasury revenues have decreased, risk installments have increased due to commercial wars and political uncertainty in the United States, which contributed to continued fluctuations in stock markets. Bitcoin price movements reflected these trends, which enhances its position as the origin of the risks instead of a stable store for value.
Long -term maturity
Nevertheless, BitFinex acknowledged that the institutional interest in Bitcoin is increasing, with nearly $ 196 billion of Bitcoin that is kept in circulating investment funds, the national state, and public and private companies.
This indicates that the role of Bitcoin as a long -term hedging against inflation and the low value of the currency is still developing.
Moreover, the report indicated that Bitcoin’s annual fluctuations have reached 46 % at all level, indicating increased maturity.
While the opposite winds of the total economy may continue to influence Bitcoin in the short term, the basic investment thesis remains intact. The high price of gold, the increasing institutional interest, and low fluctuations can eventually support Bitcoin’s transition towards the most firm financial origin.
Pamphlet Bitcoin is increasingly treated as risk assets instead of the pure storage of value-Bitfinex First appear on Cryptoslate.
