Cryptocurrencies

投資家はポートフォリオにおいて株式を控えめにアンダーウェイトにし、不況の具体的な兆しが見え次第、より積極的にディフェンシブな姿勢に転じるべきです。私たちはこれが数ヶ月以内に起こると考えています。

「アメリカ版ブレグジット」が「イギリスのブレグジット」を相殺すれば、ポンドは1.60ドルに達するでしょう。一方、法定通貨であるドルから非法定通貨であるビットコインへの流れが、この主要な暗号通貨を20万ドル以上に押し上げることを可能にします。

This week, our three screeners cover equity plays on the run-up in gold prices, a hotter-than-expected US inflation print, and calling the top in Bitcoin.

In this report, we reassess our bullish stance on crypto from early 2023, following Bitcoin’s recent all-time highs. While institutional adoption is broadening, there are also signs of excessive exuberance, speculation, and optimism. Given these conditions, a near-term correction appears likely. We are booking profits and will look to re-enter the market at $75,000.

The value of both gold and bitcoin comes from the collective belief that they are the non-confiscatable assets to own in a fiat monetary system, as an insurance against hyperinflation, banking system failure, or state expropriation. As global wealth rises, the value of both gold and bitcoin will also rise. But as bitcoin takes market share from gold, bitcoin has considerably more upside than gold, with an ultimate destination of $200,000+. Plus: 10-year T-bonds and Portuguese stocks are tactically oversold.