比特幣在地緣政治動盪中搖擺不定，PAXG 飆升

在中東緊張局勢不斷升級的情況下，黃金支持的 PAXG 的價值升至歷史新高，而比特幣的價格則大幅下跌，引發了人們對比特幣作為地緣政治對沖工具的可靠性的質疑。 PAXG 與比特幣的相關性一直為負，其勢頭正在減弱，而比特幣分析師 Bob Elliott 則認為，比特幣的地緣政治對沖能力值得懷疑。

PAXG Surges to Record High Amidst Geopolitical Turmoil, Sparking Doubts Over Bitcoin's Safe-Haven Status

PAXG在地緣政治動盪中飆升至歷史新高，引發對比特幣避險地位的懷疑

New York, NY - April 14, 2024 - Over the weekend, the digital asset PAXG, which is backed by physical gold, reached an all-time high of $2,855, coinciding with escalating tensions in the Middle East. This surge has raised questions about the reliability of Bitcoin, often touted as a hedge against geopolitical instability.

紐約州紐約 - 2024 年 4 月 14 日 - 週末，以實體黃金為支撐的數位資產 PAXG 觸及 2,855 美元的歷史新高，恰逢中東緊張局勢不斷升級。這種激增引發了人們對比特幣可靠性的質疑，比特幣通常被吹捧為對沖地緣政治不穩定的工具。

Bitcoin's Volatile Response

比特幣的波動反應

While PAXG soared, Bitcoin (BTC) experienced a sharp decline, falling from over $67,500 to approximately $62,700 within hours, marking a 7.5% decrease. This volatility has prompted skepticism regarding Bitcoin's effectiveness as a safe haven in times of geopolitical uncertainty.

在 PAXG 飆升的同時，比特幣 (BTC) 經歷了大幅下跌，在數小時內從 67,500 美元以上跌至約 62,700 美元，跌幅為 7.5%。這種波動性引發了人們對比特幣在地緣政治不確定時期作為避風港的有效性的懷疑。

Experts Weigh In

專家參與

"Bitcoin may be many things, but it is not a geopolitical hedge," asserted Bob Elliott, co-founder and CEO of Unlimited Funds and former Bridgewater executive. He cited the recent negative correlation between Bitcoin and PAXG as evidence that Bitcoin is not a reliable store of value asset in the face of geopolitical events.

Unlimited Funds 聯合創始人兼首席執行官、橋水基金前高管 Bob Elliott 斷言：“比特幣可能有很多用途，但它不是地緣政治對沖。”他引用最近比特幣和 PAXG 之間的負相關性來證明，面對地緣政治事件，比特幣並不是可靠的價值儲存資產。

Correlation with Gold

與黃金的相關性

PAXG has shown a positive correlation with the price of gold, which has risen steadily in recent months. However, analysts note that PAXG's trading volume is significantly lower than that of major cryptocurrencies, suggesting that its price may be more susceptible to manipulation.

PAXG與金價呈現正相關關係，金價近幾個月穩步上漲。然而，分析師指出，PAXG 的交易量明顯低於主要加密貨幣，這表明其價格可能更容易受到操縱。

Analyst Perspectives

分析師觀點

Willy Woo, a prominent crypto analyst, observed that Bitcoin's recovery from price dips typically occurs within days. He also drew parallels to the market behavior during the onset of the Russia-Ukraine war.

著名加密貨幣分析師 Willy Woo 觀察到，比特幣通常會在幾天內從價格下跌中恢復過來。他還與俄羅斯-烏克蘭戰爭爆發期間的市場行為進行了類比。

Conclusion

結論

Elliott's analysis suggests that from a geopolitical perspective, Bitcoin is not a stable store of value. Its broader use may make it more closely aligned with other financial assets, reducing its appeal as a safe haven in uncertain times.

埃利奧特的分析表明，從地緣政治角度來看，比特幣並不是一種穩定的價值儲存手段。其更廣泛的用途可能會使其與其他金融資產更加緊密地結合在一起，從而降低其在不確定時期作為避風港的吸引力。

Fallout for Bitcoin

比特幣的影響

The recent events have cast doubt on Bitcoin's ability to serve as a reliable hedge against geopolitical risks. Investors seeking a sanctuary from market volatility may consider alternative assets, such as gold or other safe-haven investments.

最近發生的事件讓人們對比特幣作為可靠對沖地緣政治風險的能力產生了懷疑。尋求免受市場波動影響的投資者可以考慮另類資產，例如黃金或其他避險投資。

Implications for the Crypto Market

對加密貨幣市場的影響

The volatility of Bitcoin and the rise of PAXG raise questions about the maturity of the cryptocurrency market. As the market evolves, investors will need to carefully evaluate the risk-return profiles of different digital assets and consider their suitability for their investment strategies, particularly in the context of geopolitical uncertainty.

比特幣的波動性和 PAXG 的崛起引發了人們對加密貨幣市場成熟度的質疑。隨著市場的發展，投資人需要仔細評估不同數位資產的風險回報狀況，並考慮是否適合自己的投資策略，特別是在地緣政治不確定性的背景下。