empty
21.03.2022 02:28 PM
Diversification of government reserves will replace USD: what does this mean for Bitcoin?

Over the past ten years, there has been a clear sense in the global economy that the U.S. dollar is a key component of the national reserve system. As of early March, more than 70% of government reserves are held in U.S. dollars. However, the sanctions pressure on Russia has shown that the approach to the formation of reserve systems by states is outdated and will be revised.

The main reason that the U.S. dollar will cease to be quoted as the main reserve currency is the sanctions due to the military invasion of Ukraine. Namely, the freezing of Russia's dollar reserve funds. Until recently, U.S. government bonds and USD had a reputation for being risk-free. But the asset freeze showed that under certain circumstances, however exceptional, a country could lose its reserves. Despite the effectiveness of the sanctions, the U.S. has pushed the global economy to look for alternatives.

This image is no longer relevant

Galaxy Digital CEO Mike Novogratz believes that after the end of all geopolitical frictions, the authorities will begin to adhere to the classic investment rule of portfolio diversification. Thus, the state's reserves will be protected from permanent freezing. The entrepreneur believes that, in addition to USD and gold, cryptocurrencies can become an important part of government reserves.

Bitcoin will take on the burden of leadership here as well, as it has important properties – risk hedging and high profitability. Together with other financial instruments, the main disadvantage of BTC - volatility - will be leveled. And given the process of state regulation of the industry that has begun, Bitcoin will become more widespread among large institutional players.

Thus, we can state the fact that the terrible events on the territory of Ukraine led to macroeconomic changes that the world will carry out for another year. And cryptocurrencies are destined to take one of the key roles in this process. First of all, Bitcoin, which, in addition to its obvious advantages, is a decentralized financial instrument. This suggests that this asset may be limited in terms of sanctions, but can never be completely cut off from interaction with other elements of the economy. The Russian authorities failed to take advantage of this window, but in the future, the prospects for cryptocurrencies as a reserve capital with increased resistance to sanctions and restrictions are limitless.

This image is no longer relevant

As for the direct display of the new status of Bitcoin on its quotes, we should not expect a bullish rally in 2022. The world is changing in the broadest sense of the word, and the Fed has just begun to tighten monetary policy. Ultimately, this will lead to the inability of Bitcoin to show aggressive growth within existing and future liquidity restrictions. But as interest in scarce assets grows and inflation rises in parallel, Bitcoin will become an increasingly important financial instrument.

This image is no longer relevant

Under the current conditions, the asset will continue to drift along the $32k-$45k range without any prerequisites for a possible exit from this area. Investors buy Bitcoin, but for long-term storage, not permanent activity. The "triangle" on the BTC/USD daily timeframe is close to its end, but taking into account the positions of the bulls at $32k and the bears at $45k, Bitcoin will not be able to make an aggressive breakout. MACD and RSI deliberately demonstrate the flat dynamics of the cryptocurrency price movement in the near future due to aggravated access to liquidity and low trading activity.

This image is no longer relevant

Ringkasan
Segera
Analitic
Artem Petrenko
Mulakan perdagangan
Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.
Muat turun MetaTrader 4 dan buka dagangan pertama anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    SERTAI PERADUAN

Artikel yang dicadangkan

Litecoin cuba menguji tahap rintangan terdekatnya, Jumaat, 11 Julai 2025.

Litecoin – Jumaat, 11 Julai 2025 Litecoin berjaya menembusi dan ditutup di atas paras pivot. Walaupun terdapat potensi pembetulan harga, faktor asas yang positif memberikan ruang untuk pengukuhan selanjutnya. Paras

Arief Makmur 08:00 2025-07-11 UTC+2

Tips dagangan untuk pasaran kripto pada 10 Julai (sesi Amerika Utara)

Bitcoin dan Ethereum diperdagangkan lebih tinggi hari ini semasa sesi Eropah, yang menunjukkan bahawa pembelian semalam bukanlah satu-satunya kejadian dan pembeli masih aktif di pasaran. Ini mengekalkan peluang untuk pergerakan

Miroslaw Bawulski 16:25 2025-07-10 UTC+2

Pasaran kripto menunjukkan volatiliti yang sangat rendah

Volatiliti Bitcoin kini berada pada tahap terendah dalam sejarah, manakala harganya kekal berdagang dalam lingkungan 2% daripada paras tertinggi sepanjang masa. Ketiadaan minat untuk membeli pada harga semasa boleh menjadi

Jakub Novak 13:46 2025-07-09 UTC+2

Pasaran kripto kekal berdaya tahan meskipun dolar tidak menentu

BTC/USD meningkat semula pada hari ini selepas penyusutan semalam, secara keseluruhannya masih mengekalkan momentum kenaikannya. Secara fundamental, keadaan semasa terus menyokong pertumbuhan BTC/USD dalam jangka sederhana. Persekitaran ekonomi dan pasaran

Jurij Tolin 14:14 2025-07-08 UTC+2

Bank Digital Jepun oleh Metaplanet: Bitcoin Jadi Teras Inovasi Kewangan

Ketika Bitcoin terus enggan jatuh, disokong oleh permintaan besar daripada dana ETF, syarikat Jepun Metaplanet kini merancang untuk menggunakan rizab Bitcoinnya untuk menubuhkan bank digital pertama di Jepun. Projek berani

Jakub Novak 13:46 2025-07-08 UTC+2

Petua dagangan untuk pasaran kripto pada 8 Julai

Baik Bitcoin mahupun Ethereum kekal berada dalam kedudukan kukuh, bersedia untuk meneruskan aliran menaik. Selagi BTC terus didagangkan di atas paras $105,000, kemungkinan pertumbuhan selanjutnya dan pencapaian paras tertinggi sepanjang

Miroslaw Bawulski 12:16 2025-07-08 UTC+2

Akta Kejelasan mengenai Pasaran Aset Digital Menerima Sokongan

Bitcoin dan Ethereum telah kembali berdagang dalam saluran harga yang menjadi julat utama mereka sepanjang minggu lalu. Walaupun Bitcoin masih belum melepasi paras $109,000, prospek pasaran menaik kekal terpelihara, sekurang-kurangnya

Jakub Novak 11:00 2025-07-08 UTC+2

Parti America pimpinan Elon Musk menyokong Bitcoin dan aset digital

Parti politik baharu yang baru ditubuhkan, America Party yang diterajui oleh Elon Musk, akan menyokong Bitcoin. Perkara ini diumumkan sendiri oleh Ketua Pegawai Eksekutif Tesla di media sosial. "Mata wang

Jakub Novak 15:31 2025-07-07 UTC+2

Bitcoin akan menguji Sokongan.1 selepas berjaya menembusi dan ditutup di bawah garis aliran menaik pada carta harian, Jumaat, 4 Julai 2024.

Bitcoin – Jumaat, 4 Julai 2025. Dengan aliran masuk ke dalam Bitcoin ETF sekitar USD$ 50 bilion, ini menunjukkan kecenderungan yang kuat dari para pelabur, sekali gus mengukuhkan kesahihan mata

Arief Makmur 07:58 2025-07-04 UTC+2

Ripple berpotensi untuk membuat pembetulan dan melemah sehingga ke paras Sokongan 2.1924 pada hari Jumaat, 4 Julai 2025.

Ripple – Jumaat, 4 Julai 2025 Tekanan kawal selia yang mesra dan kes dengan SEC yang kelihatan telah terhenti serta minat terbuka dalam pasaran derivatif yang telah melonjak 30% dalam

Arief Makmur 07:58 2025-07-04 UTC+2
Tidak boleh bertanya sekarang?
Tanya soalan anda di Ruangan bersembang.
Panggilan semula Widget
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.