When in doubt, zoom out. Bitcoin may be down from its record high of $69,000, but it has been one of the best-performing financial assets in 2021 after outperforming the U.S. benchmark index, the S&P 500, and gold.
“Most economists didn’t see the high inflation coming, as witnessed by the 1-year ahead consumer inflation expectations,” the Arcane report read, adding:
“With its 73% gain in the highly inflationary 2021, Bitcoin has proven itself to be an excellent inflation hedge.”Bitcoin holdings grew among institutional investment vehicles Loose monetary policies and a sustained fear of higher inflation also prompted mainstream financial houses to launchArcane reported an inflow of 140,000 BTC across spot- and future-based Bitcoin exchange-traded funds and physically backed exchange-traded products this year.That prompted more Bitcoin units to get absorbed into investment vehicles, underscoring a greater institutional demand for the cryptocurrency.
In contrast, gold-backed ETFs witnessed an outflow of $8.8 billion in 2021, according to the World Gold Council’s
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
What BTC price slump? Bitcoin outperforms stocks and gold for 3rd year in a rowBut concerns remain that the cryptocurrency could fall harder than its traditional rivals in 2022 on the U.S. Federal Reserve’s increasingly hawkish tones.
Leer más »
Bitcoin dips below $47K but one trader is eyeing 'solid risk/reward' for longing BTC nowA dip or an opportunity? As Bitcoin falls below 47K, analyst scottmelker notes a chance for short-term profit.
Leer más »
BTC, ETH and XRP Price Analysis for December 29$BTC price analysis: by the end of the week, the Bitcoin price might continue to decline to the support of $46,000 BTC Bitcoin BTCprice $ETH $XRP
Leer más »
Former SpaceX Intern Continues to Insist That Elon Musk Created BitcoinFormer SpaceX intern has published new evidence in support of his popular theory about Elon Musk being Satoshi
Leer más »
Former SpaceX Intern Continues to Insist That Elon Musk Created BitcoinFormer SpaceX intern has published new evidence in support of his popular theory about Elon Musk being Satoshi
Leer más »
Bitcoin dominance falls under 40%While Bitcoin critics claim this means that BTC is losing its first-mover competitive advantage, others are anticipating the “altcoin season” is just around the corner, or might even be already underway.
Leer más »