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摩根大通:通胀和地缘政治风险或将长期支撑黄金和比特币需求

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2025-01-06 22:34:34
摩根大通在一份研究报告中指出,随着投资者为持续的地缘政治不确定性做好准备,涌入黄金和比特币的所谓“贬值交易”将“持续存在”。
该银行表示,由于投资者越来越倾向于寻求对冲地缘政治风险和通胀的工具,黄金和比特币“似乎已在结构上成为投资者投资组合中更重要的组成部分”,并援引了“2024年加密货币市场创纪录的资本流入”。
摩根大通表示,“贬值交易”指的是由于多种因素(包括“自2022年以来结构性更高的地缘政治不确定性、对长期通胀前景持续的高度不确定性,以及对主要经济体持续高企的政府赤字导致的‘债务贬值’的担忧”等)而导致的对黄金和比特币的需求不断增长。
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