La connexion Bitcoin-Or-Chine
Bitcoin and gold have similar inflation-hedge narratives. Currently, gold has a lower inflation rate (1.7%) than Bitcoin (1.8%), but it will be a monumental flip at the halving. A simplistic inflation story would require gold and bitcoin to rise together. However, gold is getting hammered in the last few days while bitcoin is bouncing. 比特币和黄金具有类似的通胀对冲叙事。目前，黄金的通胀率（1.7%）低于比特币（1.8%），但减半时将是一个巨大的转变。一个简单的通胀故事需要黄金和比特币一起上涨。然而，在过去几天里，黄金受到重创，而比特币却在反弹。 Very recently, Bitcoin has been trending higher as gold crashes. They are decoupling over the last week in a very obvious way. We might expect gold to lag bitcoin during moves, but this is exactly the opposite direction. Gold is crashing while bitcoin has been bouncing. 最近，随着黄金暴跌，比特币一直呈走高趋势。上周他们以非常明显的方式脱钩。我们可能预计黄金在走势上会落后于比特币，但事实恰恰相反。黄金正在暴跌，而比特币却在反弹。 Chart Link We actually see a slight inverse relationship with CPI for gold and bitcoin. Last year, as CPI was spiking, gold and bitcoin sold off. Some have arbitrarily argued about timing, saying bitcoin pumped before CPI shot up. Or, maybe, inflation is not the primary force in this market. 事实上，我们发现黄金和比特币与 cpi 存在轻微的反比关系。去年，随着cpi飙升，黄金和比特币遭到抛售。一些人武断地争论了时机，称比特币在消费者物价指数飙升之前就上涨了。或者，也许通胀并不是这个市场的主要力量。 Lien graphiqueChinese Selling Gold lien graphique中国人卖黄金 We do have something to explain this contradiction of crashing gold and bouncing bitcoin. It is likely the Chinese are selling gold, instead of their dollars, as a way to protect their currency and preserve their precious dollar FX reserves. I ran across this article from Mining.com, ,