美元失势又一证据?这一国民众纷纷买入比特币抗通胀!

jin10Publicado a 2024-03-20Actualizado a 2024-03-20

随着比特币本月创下历史新高,阿根廷人纷纷涌入比特币,寻找缓解永无休止的通货膨胀。阿根廷是全球加密货币使用率最高的国家之一。

据报道,3月第一周,当地加密货币交易所Lemon的单周比特币购买量激增至34700笔,接近20个月来的最高交易量,是2月初的两倍多,也是去年单周平均水平的两倍。数字钱包Belo的首席执行官Manuel Beaudroit表示,到目前为止,比特币和以太坊的交易量比去年同期增长了10倍。

与此同时,比特币近几个月大幅上涨,今年迄今上涨了73%,创下了超过73000美元的历史新高。

在美国现货比特币ETF上市,4月份减半事件引发加密货币投资者的乐观情绪后,比特币的涨势骤然升温,这使该代币在阿根廷成为有吸引力的对冲工具。该国的通胀率仍高达276%。与此同时,阿根廷领导层正在寻求阻止10年来的第6次经济衰退。

通常情况下,在面对不稳定的国内局势时,持有美元一直是阿根廷民众的首选,特别是在其经济问题导致比索价值急剧恶化的情况下。

甚至在去年10月比索兑美元的黑市汇率突破1000之前,美元在阿根廷就已经很普遍了,它的用途包括从租赁到公司工资等方方面面。

然而,比索在过去两个月升值了10%左右,削弱了美元的吸引力。据报道,总统哈维尔·米莱(Javier Milei)为了清理央行资产负债表而控制了比索的流通量增长。

随着比特币的反弹吸引了更多买家,通常与美元等货币挂钩的稳定币的购买量从70%降至60%。但值得注意的是,根据该国非政府组织“比特币阿根廷”(Bitcoin Argentina)的数据,2月份加密货币骗局的报告也增加了五倍。

去年,米莱的竞选活动以阿根廷经济美元化的承诺来说服选民。然而,自去年12月上任以来,他只是降低了比索兑美元的官方汇率,并表示要实现美元化还需要很长一段时间。

对比特币的追捧正在迅速扩张。据The Block报道,根据MicroStrategy周二公布的最新增持比特币数据,该公司现在持有超过1%的比特币供应

此前消息称,MicroStrategy在3月11日至3月18日期间买入约9245枚比特币,目前共持有持有214246枚比特币,价值共计75.3亿美元。

Lecturas Relacionadas

Rented Faith: How Much of the Bitcoin ETF Inflows Is Real Money?

"Rented Conviction: How Much of Bitcoin ETF Flows Is Real Money" The weekly inflows into Bitcoin ETFs are often interpreted as a gauge of institutional belief. However, a significant portion of this activity is driven by a hidden arbitrage trade, not directional conviction. The core mechanism is a cash-and-carry arbitrage: traders buy spot Bitcoin (often via ETFs) while simultaneously shorting CME futures to lock in the price difference, or "basis." This delta-neutral trade is essentially an interest rate play. In weekly data, about half the fluctuation in ETF flows can be explained by new short positions added by leveraged funds (hedge funds), with a correlation of 0.70. Bitcoin's price movement in a given week shows no statistical power in predicting these flows. While this arbitrage trade drives weekly *volatility*, it is not the main component of the cumulative *stock*. Of the total ~$55 billion in net ETF inflows, the current net arbitrage position is only about $1 billion. The remainder is steady, directional buying averaging ~$400 million per week, which constitutes the vast majority of the accumulated "mountain" over two years. Thus, ETF flow data overstates the *volatility* of conviction, not its *level*. This arbitrage trade has been unwinding for nearly two years. Leveraged fund short positions peaked at ~$14 billion in late 2024 and have since declined to ~$4.5 billion. When the basis compresses to unprofitable levels, ETF inflows and short positions retreat together. Recent outflows should not be mistaken for a loss of faith but rather the routine unwinding of this rate trade. For Ethereum ETFs, the pattern is weaker. Accounting for staking yield makes the basis often negative, so neither strong conviction buying nor robust arbitrage supports its flows. To interpret ETF flows correctly, monitor the CME basis versus T-bill rates and leveraged fund net shorts. They reveal how much of the next "demand" headline is real. The real, patient buy-and-hold demand is what constitutes the enduring bulk of ETF assets.

marsbitHace 5 min(s)

Rented Faith: How Much of the Bitcoin ETF Inflows Is Real Money?

marsbitHace 5 min(s)

Soaring Over Tenfold Within the Year: The Frenzy Over SK Hynix Leveraged Products

South China Morning Post The leveraged ETF tracking SK Hynix has surged over tenfold year-to-date, fueled by intense market speculation on the memory chip sector. By June 22, the value of the 'South Korea 2x Long SK Hynix ETF' listed in Hong Kong had skyrocketed by more than 1,061% since the start of the year, while its asset size exploded over twenty times from the end of last year. The rally is driven by AI-driven demand for high-bandwidth memory (HBM), with SK Hynix recently sampling its next-generation HBM4E product. However, industry professionals warn of significant risks. Leveraged ETFs magnify both gains and losses. During a recent market correction, while the underlying SK Hynix stock fell 19.1%, its double-leveraged ETF dropped nearly 38%. Korean regulators noted that such products could theoretically lose 60% in a single day. Additionally, these ETFs face risks like time decay in volatile markets, liquidity spirals during mass redemptions, and extreme price dislocations from market-making failures, as seen in early June when an ETF moved opposite to its underlying stock. The trading is predominantly driven by retail investors, with institutional capital largely absent due to the products' high volatility. Analysts caution that with the semiconductor sector at elevated valuations and facing geopolitical and supply chain uncertainties, leveraged ETFs pose a substantial threat of amplified losses for uninformed investors.

marsbitHace 1 hora(s)

Soaring Over Tenfold Within the Year: The Frenzy Over SK Hynix Leveraged Products

marsbitHace 1 hora(s)

18 Months, Over 50x Surge: KIOXIA's Epic Comeback

KIOXIA, a NAND flash memory giant, staged a dramatic comeback driven by AI demand. After a period of significant losses, a failed merger, and missed HBM opportunities, its 2024 IPO began modestly. However, fueled by explosive demand for AI data storage, its stock price skyrocketed over 50 times within 18 months, making it Japan's most valuable company, surpassing Toyota. Its Q1 FY2026 profit guidance soared 30-fold year-over-year, with 2026 NAND capacity already sold out. Key to its success is its 3D NAND technology, BiCS FLASH. As the inventor of NAND, KIOXIA advanced its technology through generations, reaching over 200 layers by 2023. Key innovations include CBA (CMOS directly Bonded to Array), which separately manufactures control circuits and memory arrays for better performance, and OPS (On Pitch Select Gate) to increase density. The company is now developing high-capacity packages like an 8TB solution stacking 32 dies. Looking beyond NAND, KIOXIA is exploring 3D DRAM with its OCTRAM technology, using oxide semiconductor transistors for ultra-low leakage to reduce power consumption. This fundamental research differs from HBM and represents a long-term bet to extend its 3D expertise from NAND into future DRAM architectures. KIOXIA's story highlights how technological assets and shifting market cycles can rapidly transform a company's fortunes. While questions remain about sustaining growth beyond the current AI boom, its resurgence demonstrates that in semiconductors, being down does not necessarily mean being out.

marsbitHace 1 hora(s)

18 Months, Over 50x Surge: KIOXIA's Epic Comeback

marsbitHace 1 hora(s)

Market Trends in U.S. Stocks (June 23): Peak at Listing? SpaceX Loses Over $800 Billion in Three Days, Tech Stocks Experience Severe Internal Divergence

Stock Market Trends (June 23): Did SpaceX Peak at IPO? The company loses over $800 billion in market value in three days as a sharp divergence unfolds within the tech sector. SpaceX's post-IPO decline of over 20%, falling below its first-day close, reflects a swift market repricing. The catalyst is a clear shift in narrative from "AI platform potential" to concerns over rising capital costs, as its $8.57 billion IPO and subsequent $20 billion debt offering are earmarked for acquisitions and refinancing existing bridge loans rather than de-leveraging. While high-valuation tech stocks like Google, Meta, Amazon, and Microsoft faced pressure, Micron surged nearly 7% to a record high following a strategic supply deal with Anthropic for HBM and memory, highlighting robust, tangible demand in AI infrastructure. The broader market saw funds rotate into more defensive industrial and financial names. Macro factors included a dip in oil prices to a three-month low on news of a US-Iran framework deal, though logistical hurdles for resuming full Strait of Hormuz shipments remain. Key events ahead include Nvidia's shareholder meeting, Micron's earnings, and the May PCE inflation data. The latter will be crucial in determining whether the sell-off in high-valuation growth stocks, which appears to have just begun, will persist.

marsbitHace 1 hora(s)

Market Trends in U.S. Stocks (June 23): Peak at Listing? SpaceX Loses Over $800 Billion in Three Days, Tech Stocks Experience Severe Internal Divergence

marsbitHace 1 hora(s)

Trading

Spot
Futuros
活动图片