{"id":61184,"date":"2022-05-09T14:40:44","date_gmt":"2022-05-09T11:40:44","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=61184"},"modified":"2025-09-05T10:40:24","modified_gmt":"2025-09-05T07:40:24","slug":"bank-of-america-casts-doubt-on-bitcoin-as-an-inflation-hedge","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bank-of-america-casts-doubt-on-bitcoin-as-an-inflation-hedge\/","title":{"rendered":"Bank of America casts doubt on Bitcoin as an inflation hedge"},"content":{"rendered":"<p>Bitcoin has not, for some time now, served as an inflation hedge. Bank of America&#8217;s analysts reached that conclusion, <a href=\"https:\/\/fortune.com\/2022\/05\/06\/bitcoin-isnt-inflation-hedge-gold-bank-of-america\/\"> Fortune<\/a> reports.<\/p>\n<p>Since July 2021, Bitcoin has moved closely with the stock market in its price movements. On January 31, Bitcoin&#8217;s correlation with the S&#038;P 500 reached a record high in the history of observations. A similar peak was also approached in its correlation with the Nasdaq 100.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"687\" height=\"480\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-655.png\" alt=\"Bank of America doubts Bitcoin as an inflation hedge\" class=\"wp-image-172545\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/1-655.png 687w, https:\/\/forklog.com\/wp-content\/uploads\/1-655-300x210.png 300w\" sizes=\"auto, (max-width: 687px) 100vw, 687px\" \/><figcaption>Data: Bank of America.<\/figcaption><\/figure>\n<\/div>\n<p>Experts stressed that this linkage &#8220;has become obvious&#8221;. They noted the synchronous fall in stocks and Bitcoin the day after <a href=\"https:\/\/forklog.io\/frs-udivila-rynki-bitkoin-podnimalsya-vyshe-40-000\/\">\u0440\u0435\u0448\u0435\u043d\u0438\u044f \u0424\u0420\u0421 \u043f\u043e\u0432\u044b\u0441\u0438\u0442\u044c \u043a\u043b\u044e\u0447\u0435\u0432\u0443\u044e \u0441\u0442\u0430\u0432\u043a\u0443 \u043d\u0430 0,5%<\/a>. Analysts expect to see the high correlation persist going forward.<\/p>\n<p>By contrast, the price relationship between Bitcoin and gold has gradually weakened since 2021 and, in the past two months, turned negative. In other words, the movements of the two assets have not been in tandem, the analysts concluded.<\/p>\n<p>Back in May 2022, billionaire Ray Dalio<a href=\"https:\/\/forklog.io\/rej-dalio-bitkoin-proigryvaet-zolotu-v-konkurentsii\/\"> \u0437\u0430\u044f\u0432\u0438\u043b<\/a> that Bitcoin is not a proper substitute for gold as an inflation hedge.<\/p>\n<p>Earlier, BitMEX co-founder Arthur Hayes <a href=\"https:\/\/forklog.io\/souchreditel-bitmex-predskazal-obval-bitkoina-k-30-000\/\">\u043d\u0430\u0437\u0432\u0430\u043b<\/a> a likely drop in Bitcoin to $30,000 by the end of the second quarter due to Nasdaq&#8217;s decline.<\/p>\n<p>Follow ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 the full news stream, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news, infographics and opinions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin has not, for some time now, served as an inflation hedge. Bank of America&#8217;s analysts reached that conclusion, Fortune reports.<\/p>\n","protected":false},"author":1,"featured_media":61185,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[2027,18,1224],"class_list":["post-61184","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bank-of-america","tag-bitcoin","tag-macroeconomics"],"aioseo_notices":[],"amp_enabled":true,"views":"30","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/61184","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=61184"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/61184\/revisions"}],"predecessor-version":[{"id":61186,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/61184\/revisions\/61186"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/61185"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=61184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=61184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=61184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}