Bitcoin Shines As Hedge Against 'Major Geopolitical Events,' Says Research Firm
Bitcoin Shines As Hedge Against 'Major Geopolitical Events,' Says Research Firm
Despite bitcoin's rally, there was "an increase in implied volatility (IV) for downside protection (buying puts on bitcoin) and a decrease in IV of options used to position for an upside move (buying calls on bitcoin)." Bitcoin (CRYPTO: BTC) tends to shine as a hedge against geopolitical uncertainty, according to a report by financial services and infrastructure firm NYDIG.
根據金融服務和基礎設施公司NYDIG的一份報告，比特幣（加密貨幣: BTC）傾向於在地緣政治不確定性面前大放異彩。
Bitcoin Options Data Shows Caution
比特幣期權數據顯示謹慎
Following the Federal Reserve's 50 basis point rate cut, options market data shows an unexpected pattern in trader sentiment, according to the report.
隨着聯儲局減息50個點子後，期權市場數據顯示交易者情緒呈現出意外的模式，根據報告。
Despite bitcoin's rally, there was "an increase in implied volatility (IV) for downside protection (buying puts on bitcoin) and a decrease in IV of options used to position for an upside move (buying calls on bitcoin)."
儘管比特幣價格上漲，但「引伸波幅（IV）用於下行保護（購入比特幣的看跌期權）的增加，以及用於迎接上漲行情的期權的IV下降（購入比特幣的看漲期權）。」
This indicates that traders may be skeptical about the sustainability of the recent price surge.
這表明交易者可能對最近價格上漲的可持續性持懷疑態度。
Corporate Adoption Of Bitcoin
比特幣的企業採用
On the corporate adoption front, Cathedra Bitcoin has joined the ranks of companies like MicroStrategy (NASDAQ:MSTR) in adopting Bitcoin as a strategic investment.
在企業採用方面，Cathedra Bitcoin已經加入了像納斯達克（NASDAQ:MSTR）的MicroStrategy等公司的行列，將比特幣作爲戰略投資。
NYDIG cautions against misinterpreting new metrics like MicroStrategy's "Bitcoin per share" and "Bitcoin yield," emphasizing that these terms don't align with traditional financial definitions.
NYDIG警告不要誤解MicroStrategy的新指標「每股比特幣」和「比特幣收益」，強調這些術語與傳統的財務定義不符。
Bitcoin's Relationship With Gold
比特幣與黃金的關係
The research also draws attention to gold's impressive performance, up nearly 25% year-to-date and consistently setting new all-time highs.
該研究還關注黃金的出色表現，年初至今上漲近25%，並持續創造歷史新高。
While historically linked to real interest rates, gold's recent price movements have been significantly influenced by central bank purchases, particularly from China.
儘管黃金在歷史上與實際利率掛鉤，但近期價格變動在很大程度上受到中央銀行購買的影響，尤其是來自中國的購買。
Central bank demand for gold surged 140% from 2021 to 2022 and has remained high through early 2024.
中央銀行對黃金的需求從2021年增長了140%，並在2024年初仍然保持較高水平。
NYDIG posits that Bitcoin, while not yet attracting significant central bank or government purchases (except for El Salvador), could benefit from similar geopolitical uncertainties that are driving gold's rally.
NYDIG認爲，比特幣雖然尚未吸引到重要的中央銀行或政府購買（除了薩爾瓦多），但可受益於驅動黃金上漲的類似地緣政治不確定性。
The report states, "As a hedge against major geopolitical events, bitcoin tends to shine," suggesting potential parallels between gold's current performance and Bitcoin's prospects.
報告指出：「作爲對抗重大地緣政治事件的對沖，比特幣傾向於表現出色，」 暗示着黃金當前表現與比特幣前景之間可能存在相似之處。
What's Next: This analysis provides crypto-savvy investors with a nuanced view of market dynamics, corporate trends, and potential catalysts for Bitcoin's value proposition in an increasingly uncertain global economic landscape.
下一步：這一分析爲了解市場動態、企業趨勢以及比特幣在日益不確定的全球經濟格局中的價值主張的數字貨幣投資者提供了一種細緻入微的視角。
The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga's upcoming Future of Digital Assets event on Nov. 19.
預計比特幣作爲一種機構資產類別的影響力，將在Benzinga即將舉行的數字資產未來活動上得到徹底探討，該活動將於11月19日舉行。
- Bitcoin's Price Rally Could Be Driven By Multiple Factors In Coming Months: Standard Chartered
- 比特幣價格的上漲可能受到多種因素的驅動，在未來幾個月內：渣打銀行
Image: Shutterstock
圖片：shutterstock
譯文內容由第三人軟體翻譯。