{"id":56797,"date":"2022-01-28T18:24:00","date_gmt":"2022-01-28T16:24:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=56797"},"modified":"2025-09-04T08:17:03","modified_gmt":"2025-09-04T05:17:03","slug":"goldman-sachs-warns-that-bitcoins-fortunes-depend-on-federal-reserve-policy","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/goldman-sachs-warns-that-bitcoins-fortunes-depend-on-federal-reserve-policy\/","title":{"rendered":"Goldman Sachs warns that Bitcoin\u2019s fortunes depend on Federal Reserve policy"},"content":{"rendered":"<p>Digital assets are not insulated from the influence of macroeconomic factors, such as tighter monetary policy. <a href=\\\"https:\/\/www.coindesk.com\/markets\/2022\/01\/28\/goldman-bitcoin-altcoins-to-become-more-correlated-with-traditional-financial-market-variables\/\\\">CoinDesk<\/a> writes, citing a Goldman Sachs report.<\/p>\n<p>\\n\\n<\/p>\n<p>The current pullback in the crypto markets suggests that broad adoption could be a double-edged sword. The decline in prices occurred predominantly for reasons unrelated to digital assets, analysts noted.<\/p>\n<p>\\n\\n<\/p>\n<p>Experts attributed it to a fall in shares of low-margin tech firms and recently IPO\u2019d companies. That segment of the stock market proved most sensitive to signals of a forthcoming Federal Reserve rate hike.<\/p>\n<p>\\n\\n<\/p>\n<p>Widespread adoption of cryptocurrencies could raise valuations and, likely, their correlation with other variables in financial markets. This reduces their diversification benefits.<\/p>\n<p>\\n\\n<\/p>\n<p>Experts drew attention to a positive correlation between Bitcoin and inflation-risk indicators and the innovative technology sector. At the same time, they found an inverse price relationship with real interest rates and the value of the U.S. dollar.<\/p>\n<p>\\n\\n<\/p>\n<p>Further development of blockchain technology, notably in the form of metaverses, could over time provide a tailwind for certain digital assets. At the same time they will not be immune to macroeconomic forces, the specialists warned.<\/p>\n<p>\\n\\n<\/p>\n<p>As Bloomberg reports, the correlation between Bitcoin and US tech-sector shares <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoins-correlation-with-tech-stocks-reaches-a-record-high\">reached<\/a> an all-time high.<\/p>\n<p>\\n\\n<\/p>\n<p>In January the IMF <a href=\"https:\/\/u1f987.com\/en\/news\/imf-warns-of-contagion-risks-to-stock-and-bitcoin-markets\">warned<\/a> of risks of \u201ccontagion\u201d to stock and Bitcoin markets.<\/p>\n<p>\\n\\n<\/p>\n<p>Earlier, MSCI <a href=\"https:\/\/u1f987.com\/en\/news\/experts-warn-of-rising-influence-of-cryptocurrencies-on-stock-portfolio-dynamics\">reported<\/a> a growing influence of cryptocurrencies on the dynamics of equity portfolios.<\/p>\n<p>\\n\\n<\/p>\n<p>Subscribe to 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>Digital assets are not insulated from macroeconomic factors such as tighter monetary policy. CoinDesk writes, citing a Goldman Sachs report.<\/p>\n","protected":false},"author":1,"featured_media":56798,"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":[18,728],"class_list":["post-56797","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-goldman-sachs"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/56797","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=56797"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/56797\/revisions"}],"predecessor-version":[{"id":56799,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/56797\/revisions\/56799"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/56798"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=56797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=56797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=56797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}