Hasn’t Bitcoin always been called digital gold?
So why did BTC come under pressure alongside U.S. stocks when a U.S. CPI reading came in higher than expected?
This actually points to an important issue:
Although Bitcoin has its own supply-and-demand dynamics, in the current market environment it is also affected by global capital flows and risk appetite.
U.S. CPI rose 0.4% month over month in October, above expectations of 0.3%, fueling concerns about future Federal Reserve rate hikes.
When the cost of capital may continue to rise, investors naturally reassess their allocations to risk assets.
I think this is also one way to gauge the maturity of the Bitcoin market.
Long-term value drivers and short-term price fluctuations are two different things.
Do you think BTC will increasingly resemble a traditional risk asset, or will it eventually develop a safe-haven quality of its own?
#BTC #cpi
#CPI高于预期，美股与BTC再度承压
So why did BTC come under pressure alongside U.S. stocks when a U.S. CPI reading came in higher than expected?
This actually points to an important issue:
Although Bitcoin has its own supply-and-demand dynamics, in the current market environment it is also affected by global capital flows and risk appetite.
U.S. CPI rose 0.4% month over month in October, above expectations of 0.3%, fueling concerns about future Federal Reserve rate hikes.
When the cost of capital may continue to rise, investors naturally reassess their allocations to risk assets.
I think this is also one way to gauge the maturity of the Bitcoin market.
Long-term value drivers and short-term price fluctuations are two different things.
Do you think BTC will increasingly resemble a traditional risk asset, or will it eventually develop a safe-haven quality of its own?
#BTC #cpi
#CPI高于预期，美股与BTC再度承压