Matrixport: Central banks' de dollarization and rising sovereign debt will continue to drive up demand for Bitcoin and gold

AiCoin快讯
AiCoin快讯|Oct 25, 2024 08:27
According to Foresight News, Matrixport stated that the sustained demand for Bitcoin and gold is driven by two major macro trends: the efforts of central banks to break free from dependence on the US dollar and the rapid rise in sovereign debt levels. Investors should consider holding these two assets as they have performed well this year and may continue to benefit from the macroeconomic changes mentioned above. In 2024, gold rose by 31%, while Bitcoin rose by 59%, outperforming traditional assets. In addition, the unique position of Bitcoin as a speculative asset and a store of value is gaining recognition. With the increasing interest of institutions, such as the approval of Bitcoin spot ETFs and significant investments from companies like MicroStrategy, Bitcoin is becoming an even more indispensable part of the financial ecosystem. The central bank indirectly acknowledged the importance of Bitcoin by investing in proxy companies such as MicroStrategy. Concerns about global economic instability, soaring government debt levels, and the possibility of rising inflation have also driven demand for gold and Bitcoin. Looking ahead, the growth trend of tokenized assets linked to gold prices has opened up a new avenue for investors, providing an on chain alternative to traditional gold investment. This innovation is expected to further drive demand for gold and Bitcoin during times of economic uncertainty.
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