Standard Chartered Bank: I don't agree that Bitcoin can fight inflation. Look at the weakness of the US dollar in the second half of the year.

While Goldman Sachs Group expects Bitcoin to continue trading in gold to avoid a rally and climb to $ 100,000, Standard Chartered disagrees. Standard Chartered Group boldly predicted on the 5th that the price of gold will hit $ 1,910 over the next 12 months, and predicts that the price of gold will break through the $ 1,900 mark for the first time at another bank. This year.

Standard Chartered Bank today held a press conference on its 2022 investment. Ultimate inflation hedge. As a result, Chen Tailing, head of wealth management at Standard Chartered Bank, remains optimistic about the value of gold in 2022. Gold has a chance of reaching US $ 1,900 in the next 12 months. . Ensure a good distribution in the distribution of assets.

Liu Jiahao bluntly said last year that he continues to monitor whether virtual money can turn into digital gold. If you want to find a hedge against inflation, your investment should be a long-term investment in the demand for commodities and gold.

This year, Standard Chartered Bank continues to review the weakness of the US dollar in the first half of the year. In the first half of 2022, there will be a slight change over the next 6 to 12 months. The long term transition will enter the short term. adoption and war. Chen Tailing described four main reasons for the weakness of the US dollar in the second half of the year:

1. The financial crisis in the United States is expected to subside in the first half of the year, and the negative impact of real interest rates is not helping the US currency to strengthen.

2. Investment is expected to start flowing out of the United States once growth is stable outside the United States.

3. The US financial and economic deficit is also weakening the US dollar

4. The profitability of the share will increase when the market recovers.

In the near term, Standard Chartered Bank expects the dollar to strengthen in the third quarter, driven by market sentiment that the Fed will make its decision much more and increase availability further. The Fed has only raised interest rates once or twice this year.

Despite the central bank's restrictive monetary policy, rising nominal interest rates and the US dollar remain stable, Chen Tailing believes that the bank's ability to maintain a solid financial position. Interest rates should be high, but possible. If there is a change in the overall economy and the distribution of assets is profitable, it is a good idea to distribute the gold as necessary to prevent the change.

Bullish on the price of gold, but see why for $ 1,910. Standard Chartered Bank believes there are several reasons:

1. Market volatility

2. The US dollar will recover in the second half of the year, providing medium support to the price of gold.

Zach Pandl, head of Forex strategy at Goldman Sachs, said in a consumer research report Tuesday that Bitcoin could benefit the gold market over time as a commodity. . .

Pandl writes: "Assuming Bitcoin's market share in market prices increases to 50% over the next five years, the total demand for the price market will not increase and the price will mix in over 100. $ 000 per year Bitcoin over time is our key to growth, returns are 17-18%.

Goldman Sachs estimates that the general public has around $ 2.6 trillion of gold to invest, for example the price of gold is $ 1800 per troy ounce. Pandl added that Apple's fixed market value of Bitcoin is currently just under $ 700 billion, which means Bitcoin now owns around 20% of its market value, especially in the gold and Bitcoin market.