The relationship between gold bitcoin price fluctuation and US d
At present, the price of bitcoin is mainly driven by the Chinese market, which accounts for more than 90% of the global bitcoin trading volume
some analysts said that the rise of bitcoin was mainly e to capital and currency restrictions in China, India, Venezuela and other countries, which prompted people to buy e-money to maintain their savings, and also promoted investors to keep buying
so far, investors can't help asking whether bitcoin will replace gold as the largest safe haven asset
Ian Bezek, a professional trader, believes that bitcoin and gold have their own strengths, but gold has a greater advantage at this stage
Ian Bezek pointed out that bitcoin is highly accepted in some countries with serious capital controls, such as Argentina, where it is difficult to transfer assets abroad
e to China's economic slowdown and asset outflow, RMB devaluation occurs. Bitcoin is mainly used to convert RMB assets into overseas assets, which is much more convenient than gold
this is not bad news for gold, because the popularity of bitcoin means that gold, which is also a safe haven asset, will also usher in a rising opportunity
the rise and fall of bitcoin is determined by the funds flowing into the bitcoin market. If more people buy bitcoin, the price will rise quickly. If less people buy bitcoin, the price will fall according to media reports, ring this period of time, the bitcoin market has once again ushered in a sharp rise, and the price once exceeded the $58000 price, which aroused the sentiment of many bitcoin investors. In fact, the rise of bitcoin is mainly e to the news that the Federal Reserve said that monetary policy will not be tightened. Affected by the news, the stock market ushered in a rebound. After the stock market rose, it was bitcoin's turn to rise. Therefore, the change of bitcoin price completely depends on whether the market liquidity is sufficient, which will naturally rise
money is widely accepted as a medium of exchange. Gold is classified as money, which can be traced back to the early capitalism. At that time, gold could be used to exchange anything, but it didn't play much role. Gold is often in short supply. As a tradable tool and asset currency, it can be exchanged for a certain amount of US dollars
bitcoin has now become a means of online and offline payment, which has been accepted by many countries, but it has not been accepted by the whole world
2. The two are not irreplaceable: gold was used a long time ago, but it was rarely found and created by substitutes like gold. Bitcoin has many substitutes. Who knows what other encrypted electronic currency and technology will destroy the current market
3. Gold is a commodity, but bitcoin is not
gold is a basic commodity or hard asset that can be used in business, and can be used as a material to proce other commodities. People can also use gold for physical delivery and then make it into some other form for use. Although bitcoin is storable, it is not physical and cannot be held, felt or transferred
4. Are bitcoin and gold risk averse
bitcoin and gold are rare, their prices may be volatile, and each of them serves as an alternative investment to those who lack confidence in fiat money and monetary policy. Bitcoin trading is not as easy as gold, because people have to buy bitcoin through online trading platforms or invest in over-the-counter bitcoin trusts.
Jingxuan finance and economics the above tutorial should be able to answer your question
because the American people intend to borrow bitcoin for speculative speculation to attract the return of rice yuan, in a certain sense, the appreciation of bitcoin will promote the appreciation of the US dollar
for gold, as a reserve, it has a complementary relationship with the US dollar, that is, the appreciation of the US dollar may lead to the depreciation of gold; Bitcoin absorbs the speculative property of gold, so the appreciation of virtual currency (bitcoin) is also a factor leading to the depreciation of gold
as a medium of transaction, when the trade channel is reced, the currency will depreciate. In other words, there is a situation that money can not be spent; But when there is a threat of war, we should consider the risk aversion factors and the possibility of recing trade channels, which will lead us to increase our efforts to reserve currency. At this time, gold and the US dollar will double up
the increase of risk, such as the recent game between China, Japan, the United States and South Korea, will lead to the return of people's yearning for peace. This desire will lead to the decrease of speculation desire... The decrease of speculation impulse will be reflected in the speculation of virtual currency
There is no direct link between gold and bitcoin
neither of them is money: money is widely accepted as a medium of exchange, and gold is classified as money. To a large extent, it can be traced back to the early capitalist period, when gold could be used to exchange for anything, as a tradable tool and asset currency, to exchange for a certain amount of US dollars
bitcoin has now become a means of online and offline payment, and many countries have accepted this way, but it has not been accepted by the whole world
< H2 > extended data:
unlike all currencies, bitcoin does not rely on specific currency institutions to issue. It is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, And the use of cryptography design to ensure the security of all aspects of money circulation
the decentralized feature and algorithm of P2P can ensure that it is impossible to artificially control the value of bitcoin by mass manufacturing. The design based on cryptography can make bitcoin only be transferred or paid by the real owner
This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity
according to the above logic, if bitcoin abandons the road of becoming the world currency and payment currency, it means that it will not challenge the government's bottom line (such as currency issuance right) and will not affect the country's financial security. With the more mature and stable implementation of bitcoin foundation, the positioning of digital gold has been recognized by more and more people, Then the government may take the initiative to allocate bitcoin. Just as the government allocates a certain amount of gold, this is undoubtedly a huge benefit compared with the special currency
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I finally found two books, one is chocolate summer vacation, and the secret of the ocean and the universe. After selecting the books, I looked at my watch and found that it was still early
my cousin and I were in the same place. We sat down and read two books. They were "super class 4 forever" and "complete works of celebrities". Time passed quickly. It was more than 12 o'clock in the blink of an eye. My cousin took me to pay. My cousin and I just got on the bus and went home!