Why Gold's Luster Could Ignite A 'Digital Gold' Bitcoin Rally: 10x Research
Why Gold's Luster Could Ignite A 'Digital Gold' Bitcoin Rally: 10x Research
As gold (NYSE:GOLD) prices trade near record heights fueled by expectations of a potential Federal Reserve rate cut, the precious metal's performance could be a harbinger for Bitcoin (CRYPTO: BTC), often referred to as "digital gold."
隨着金屬(紐交所:黃金)價格接近創紀錄的高度,預計聯儲局可能會減息,這種貴金屬的表現可能是比特幣(加密數字貨幣:BTC)的前兆,其常被稱爲“數字黃金”。
What Happened: While the Federal Reserve maintained a cautious stance on interest rate adjustments in its latest statement, Chair Jerome Powell's comments during the subsequent Q&A hinted at a potential rate cut in September, contingent on a continued decline in inflation.
事件經過:儘管聯儲局在最新聲明中保持謹慎態度,但主席傑羅姆·鮑威爾在隨後的問答環節中的發言暗示可能在9月份進行利率削減,但這取決於通脹是否持續下降。
Historically, gold has exhibited strong performance during rate-cutting cycles, and given Bitcoin's reputation as a digital counterpart, its price is expected to follow suit, according to a new 10x Research report.
有歷史記錄表明,金屬在利率削減週期期間表現強勁,而根據新發布的10倍研究報告,鑑於比特幣的聲譽,作爲數字替代品,其價格也有望跟隨。
However, the report cautions that the market may require additional time to fully reflect this correlation.
然而,報告警示市場可能需要額外的時間來充分反映這種相關性。
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Also Read: Bitcoin's Joined The Big Leagues, But: 'We're Not Bullish Enough,' Says Bitwise CIO Matt Hougan
也可閱讀:比特幣已成爲大聯盟的一員,但是Bitwise首席投資官Matt Hougan表示:“我們還不太看好。”
Despite the overall positive outlook, Bitcoin experienced a sudden sell-off in the final hours of July.
儘管整體上看好,比特幣在7月的最後幾個小時經歷了突然的拋售。
While some attributed this to political factors, the report suggests it was more likely due to institutional investor rebalancing and month-end profit-taking.
雖然有人將這歸因於政治因素,但報告指出,更有可能是機構投資者的再平衡和月底獲利了結所致。
The report posits that the recent sell-off is likely temporary and should not overshadow the broader bullish sentiment underpinned by gold's performance and the potential for a rate cut.
報告認爲,最近的拋售可能是暫時的,不應掩蓋由金屬表現和利率削減潛力支撐的更廣泛的看漲情緒。
As the market awaits the release of the inflation report on August 14, all eyes will be on the Federal Reserve's next moves.
隨着市場等待8月14日發佈的通脹報告,所有關注點將集中在聯儲局的下一步行動上。
The potential for a rate-cutting cycle could be a game-changer for both gold and Bitcoin, setting the stage for a potentially exciting period for investors.
利率削減週期的出現可能對金屬和比特幣都將是一個遊戲規則的改變者,爲投資者帶來一個潛在的令人興奮的時期。
To delve deeper into the intricacies of the digital asset landscape and explore the implications of these developments, be sure to attend Benzinga's Future of Digital Assets event on Nov. 19.
想深入了解數字資產領域的複雜性並探討這些發展的影響,請務必參加Benzinga的數字資產未來活動,活動將於11月19日舉行。
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