比特币在地缘政治动荡中摇摆不定，PAXG 飙升

在中东紧张局势不断升级的情况下，黄金支持的 PAXG 的价值升至历史新高，而比特币的价格则大幅下跌，引发了人们对比特币作为地缘政治对冲工具的可靠性的质疑。 PAXG 与比特币的相关性一直为负，其势头正在减弱，而比特币分析师 Bob Elliott 则认为，比特币的地缘政治对冲能力值得怀疑。

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

PAXG在地缘政治动荡中飙升至历史新高，引发对比特币避险地位的怀疑

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.

纽约州纽约 - 2024 年 4 月 14 日 - 周末，以实物黄金为支撑的数字资产 PAXG 触及 2,855 美元的历史新高，恰逢中东紧张局势不断升级。这种激增引发了人们对比特币可靠性的质疑，比特币通常被吹捧为对冲地缘政治不稳定的工具。

Bitcoin's Volatile Response

比特币的波动反应

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 飙升的同时，比特币 (BTC) 却经历了大幅下跌，在数小时内从 67,500 美元以上跌至约 62,700 美元，跌幅为 7.5%。这种波动性引发了人们对比特币在地缘政治不确定时期作为避风港的有效性的怀疑。

Experts Weigh In

专家参与

"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 联合创始人兼首席执行官、桥水基金前高管鲍勃·埃利奥特 (Bob Elliott) 断言：“比特币可能有很多用途，但它不是地缘政治对冲。”他引用最近比特币和 PAXG 之间的负相关性来证明，面对地缘政治事件，比特币并不是可靠的价值存储资产。

Correlation with Gold

与黄金的相关性

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与金价呈现正相关关系，金价近几个月稳步上涨。然而，分析师指出，PAXG 的交易量明显低于主要加密货币，这表明其价格可能更容易受到操纵。

Analyst Perspectives

分析师观点

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.

著名加密货币分析师 Willy Woo 观察到，比特币通常会在几天内从价格下跌中恢复过来。他还与俄罗斯-乌克兰战争爆发期间的市场行为进行了类比。

Conclusion

结论

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.

埃利奥特的分析表明，从地缘政治角度来看，比特币并不是一种稳定的价值储存手段。其更广泛的用途可能会使其与其他金融资产更加紧密地结合在一起，从而降低其在不确定时期作为避风港的吸引力。

Fallout for Bitcoin

比特币的影响

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.

最近发生的事件让人们对比特币作为可靠对冲地缘政治风险的能力产生了怀疑。寻求免受市场波动影响的投资者可以考虑另类资产，例如黄金或其他避险投资。

Implications for the Crypto Market

对加密货币市场的影响

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.

比特币的波动性和 PAXG 的崛起引发了人们对加密货币市场成熟度的质疑。随着市场的发展，投资者需要仔细评估不同数字资产的风险回报状况，并考虑其是否适合自己的投资策略，特别是在地缘政治不确定性的背景下。