What are the effects of bitcoin's rise on a shares
in the case of hyperinflation, in order to alleviate the negative impact of inflation, the government often adopts tight monetary policy or tight fiscal policy to control the money supply. For example, raising the interest rate of banks, with the increase of interest rate, the income of deposits will increase, which will attract more investors to save, rece the liquidity of the stock market to a certain extent, and lead to the downturn of the stock market and the decline of stock price
however, moderate inflation will increase the output of enterprises and, to a certain extent, promote the rise of stock prices
at the same time, deflation will also have a certain impact on the stock market. In the case of deflation, the government adopts a loose monetary policy to increase the money supply in the society, which indirectly increases the liquidity of the stock market, thus promoting the rise of the stock market
warm tips:
① the above information is for reference only and does not constitute any investment suggestions
② there are risks in entering the market, so investment should be cautious
response time: January 25, 2021. Please refer to the official website of Ping An Bank for the latest business changes
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I think the crazy rise of bitcoin price will certainly affect the trend of A-share market to a certain extent. I think the biggest impact on A-share market is the decline of A-share market, because in the process of speculation on bitcoin, more capital flows from A-share market to bitcoin, so if there is no capital in A-share market, There is bound to be a downward trend
basically, people all over the world have paid attention to the price of bitcoin, because bitcoin is the fastest rising asset in the history of this society, and it has been supported by the top companies in the world, because the top companies, such as Tesla, have started to hype, which shows that this kind of currency is really profitable
First, the funds in the A-share market will flow to the bitcoin market< p> In fact, this is a very simple truth, because the capital in the market flows to profitable places. So far, the profitable phenomenon in the capital market no longer exists. In the bitcoin market, the effect of making money is very obvious, and you can get most of the wealth in your life in a short time, which is attractive to anyone . As a result, you can no longer afford bitcoin, but you can buy it through off-site operation, and you can actively buy it through fund-raising, So the capital chain is bound to change{ RRRRR}I think investors operating in the A-share market must consider the impact of bitcoin market on the A-share market, because there is a certain amount of capital in the market, it will not change much in a short time , if there is a crazy rise in the bitcoin market, Then the amount of capital in other capital markets will certainly flow to the bitcoin market. At that time, the prices in other capital markets will graally fall
response time: December 15, 2020. Please refer to the official website of Ping An Bank for the latest business changes
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since December last year, the US dollar index has been falling from 103 to 91. Except for the RMB, the US dollar has shown a significant depreciation trend against a basket of major currencies in the world. In contrast, the RMB index has risen from 113 to 118 since May this year, and the main driving force of the index's rise is also based on the sharp appreciation against the US dollar. In other words, the appreciation of RMB is based on the weakening of the US dollar
Second, the continuous improvement of domestic macro-economy has provided economic fundamental support for RMB appreciation
in the first two quarters of this year, China's GDP grew by 6.9%, which is a very encouraging achievement, indicating that China's economy has graally stabilized
in the context of macro stabilization, various economic data and indicators of China's economy, including power generation, freight volume, import and export, and PMI (Purchasing Manager's index), have significantly improved and exceeded expectations
the stabilization of macro-economy has also laid a foundation for the improvement of business operation at the micro level. We can see that in the first half of this year, the profits of China's instrial enterprises rebounded by a large margin, and the performance of Listed Companies in the interim report improved significantly, especially in the cyclical instries which were very difficult in the previous few years
the value of a country's currency is fundamentally determined by the vitality and prospects of its economy. The brilliant performance of China's economy since this year has made an important endorsement for the appreciation of RMB
thirdly, the huge interest rate gap between China and the United States is an important market factor for RMB appreciation
judging from the yield of ten-year Treasury bonds, it is 2.1% in the United States and 3.65% in China, with a difference of 155 basis points. In fact, with the Federal Reserve slowing down the pace of interest rate increase, the interest rate gap between China and the United States has a trend of further widening< Fourthly, China's foreign exchange management system provides policy support for RMB appreciation
since the beginning of this year, China's foreign exchange control under the capital account has graally tightened, which has a significant effect on preventing capital outflow and effectively recing the risk of RMB depreciation
fifthly, after the reversal of the market trend, great changes have taken place in foreign exchange settlement and exchange, which has also created conditions for RMB appreciation.
I personally feel that no matter how much bitcoin goes up, it can't guide the A shares to rebound the reason is simple: the relationship between bitcoin and a shares is nothing. If we really pull some hard relations, then we should be able to see one thing from the soaring bitcoin, that is, there is a real lack of such a promoter, such a trader, and such a creative master in the A-share market, so the A-share market is still like this
the only thing we have to do now is to wait for the residents to have confidence in the stock market and for the investors to release the panic completely. This is the real way to guide the A-share rebound don't look forward to the outside market or the coming of the Savior. The only thing we can look forward to is that the market will find its bottom and the market will pick up slowly. Remember that this rebound will be like a roller coaster. The ups and downs will not be achieved overnight, but it will not end easily
2. The rapid rise of RMB against US dollar in the short term is mainly e to the stampede of leveraged capital, which has not changed the fundamentals of RMB depreciation. In the medium term, the probability of RMB against US dollar finally breaking 7 is still high. Therefore, after the short-term surge, the RMB against the US dollar may enter a volatile market, the market sentiment will graally calm down, and the depreciation expectation may restart
3. In the recent stock market, because the previous bond market crisis has passed, the bad news of RMB devaluation has temporarily passed, and the background environment of the stock market has obviously improved, and the rebound may continue.