當投資者尋求安全資產時，RWAS達到了新的高潮

報導說，這些資產將穩定的流入視為安全投資。但是，它警告說，由於這些資產存在鏈上，即使是情緒的微小轉變也可能導致其流動性大幅下跌。

As the war in Ukraine enters its second year and the macroeconomic outlook remains uncertain, investors are increasingly turning to alternative asset classes, such as real-world assets (RWAs) and Bitcoin. These assets are seeing steady inflows as safe-haven investments. However, it warned that because these assets exist on-chain, even minor shifts in sentiment can cause significant price swings due to their liquidity.

隨著烏克蘭戰爭進入第二年，宏觀經濟前景仍然不確定，投資者越來越多地轉向替代資產類別，例如現實世界中的資產（RWAS）和比特幣。這些資產將穩定的流入視為安全投資。但是，它警告說，由於這些資產存在鏈上，即使是情緒的微小轉變也可能導致其流動性大幅下跌。

RWAs hit an all-time high of over $17 billion in early February and are now nearing $20 billion, according to RWA.xyz. Some analysts believe that if Bitcoin struggles to regain momentum, RWAs could reach a $50 billion valuation by the end of 2025, capturing a larger share of the $450 trillion global asset market.

根據RWA.XYZ的數據，RWAS在2月初的歷史最高額度超過170億美元，現在接近200億美元。一些分析師認為，如果比特幣努力恢復動力，RWAS到2025年底可能會達到500億美元的估值，從而佔據了450萬億美元的全球資產市場中的份額。

“If we see Bitcoin struggling to regain momentum in the coming months, I think we could see institutions shifting their attention to other asset classes within DeFi, especially in the RWA sector,” said Iliya Kalchev, an analyst at Nexo.

Nexo的分析師Iliyya Kalchev說：“如果我們看到比特幣在未來幾個月中努力恢復動力，我認為我們可以看到機構將注意力轉移到DEFI中的其他資產類別上，尤其是在RWA領域。”

Meanwhile, inflation concerns continue to rise. The U.S. Commerce Department reported that the core Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve’s preferred inflation measure, increased by 0.4% in February, the largest monthly rise in over a year. Economists had expected a 0.3% increase.

同時，通貨膨脹問題繼續增加。美國商務部報告說，核心個人消費支出（PCE）價格指數，美聯儲的首選通貨膨脹量措施，2月份增長了0.4％，是一年多以上的月度上漲。經濟學家預計會增長0.3％。

The report also showed that personal spending remained strong in February. Economical PCE now stands at 4.7%, up from January's reading of 4.6%. This is still a long way off the lows of 1.18% seen in February 2022.

該報告還表明，個人支出在2月保持穩定。現在，經濟性PCE為4.7％，高於一月份的4.6％的閱讀。在2022年2月，這仍然是1.18％的低點。

“The strong PCE reading is likely to keep the Fed on course to continue raising interest rates in March, despite the recent bank failures and the widening credit crunch,” said Ben Marwick, an economist at Danske Bank.

丹斯克銀行（Danske Bank）的經濟學家本·馬里克（Ben Marwick）表示：“儘管最近發生了銀行失敗和信貸緊縮，但強大的PCE閱讀可能會使美聯儲繼續在3月繼續提高利率。”

Investors are responding by rotating out of risk-heavy positions, contributing to the ongoing volatility in both traditional and digital markets. The so-called “Magnificent 7” tech stocks have lost more than $3 trillion in market capitalization in recent weeks.

投資者通過旋轉風險高的職位來做出回應，這導致了傳統和數字市場的持續波動。最近幾週，所謂的“宏偉的7”科技股在市值中損失了超過3萬億美元。