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However, the sanctions pressure on Russia has shown that the approach to the formation of reserve systems by states is outdated and will be revised.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

Artem Petrenko,
Especialista em análise na InstaForex
© 2007-2025
Summary
Urgency
Analytic
Artem Petrenko
Start trade
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO

Recommended Stories

A Litecoin está tentando testar seu nível de resistência mais próximo, sexta-feira, 11 de julho de 2025.

Litecoin, sexta-feira, 11 de julho de 2025. A Litecoin conseguiu romper e fechar acima do seu nível pivô. Embora exista potencial para uma correção, fatores fundamentais positivos oferecem uma oportunidade

Arief Makmur 12:00 2025-07-11 UTC+2

Dicas de negociação para o mercado de criptomoedas em 10 de julho (sessão norte-americana)

Hoje, durante a sessão euopeia, o Bitcoin e o Ethereum foram negociados em alta, o que indica que as compras de ontem não foram um evento pontual

Miroslaw Bawulski 16:53 2025-07-10 UTC+2

Mercado de criptomoedas apresenta volatilidade extremamente baixa

A volatilidade do Bitcoin caiu para um nível historicamente baixo, enquanto a criptomoeda está sendo negociada a menos de 2% de sua máxima histórica. A falta de disposição dos investidores

Jakub Novak 14:41 2025-07-09 UTC+2

Mercado de criptomoedas resiliente apesar da volatilidade do dólar

Após a queda de ontem, o BTC/USD está se recuperando hoje, mantendo, de modo geral, sua trajetória de alta. Fundamentalmente, as condições continuam favoráveis para o crescimento

Jurij Tolin 17:45 2025-07-08 UTC+2

Dicas de negociação para o mercado de criptomoedas em 8 de julho

Tanto o Bitcoin quanto o Ethereum permanecem em uma base sólida, prontos para continuar uma tendência de alta. Enquanto o BTC continuar a ser negociado acima da marca de US$

Miroslaw Bawulski 17:36 2025-07-08 UTC+2

Lei de Clareza para criptoativos avança com apoio no Congresso

O Bitcoin e o Ethereum voltaram a operar dentro dos canais em que passaram a maior parte da semana passada. Embora o Bitcoin ainda não tenha conseguido ultrapassar a marca

Jakub Novak 17:05 2025-07-08 UTC+2

Metaplanet anuncia Banco Digital no Japão

Enquanto o Bitcoin se recusa obstinadamente a cair, alimentado pela demanda maciça dos fundos ETF, a empresa japonesa Metaplanet está planejando usar suas reservas de Bitcoin para criar o primeiro

Jakub Novak 14:44 2025-07-08 UTC+2

O America Party, fundado por Elon Musk, apoia o Bitcoin e os ativos digitais

O partido político recém-formado, America Party, liderado por Elon Musk, apoiará o Bitcoin. Isso foi anunciado pelo próprio CEO da Tesla nas redes sociais. "O dinheiro fiduciário é inútil, então

Jakub Novak 16:19 2025-07-07 UTC+2

O Bitcoin testará seu Suporte 1 após ultrapassar e fechar abaixo da linha de tendência de alta no gráfico intradiário, na sexta-feira, 4 de julho de 2024.

Bitcoin – Sexta-feira, 4 de julho de 2025. Com um influxo no ETF de Bitcoin de cerca de US$ 50 bilhões, isso demonstra um forte interesse dos investidores, fortalecendo

Arief Makmur 15:50 2025-07-04 UTC+2

A Ripple tem potencial para corrigir e enfraquecer até o nível de suporte de 2,1924, sexta-feira, 4 de julho de 2025

Ripple – Sexta-feira, 4 de julho de 2025 A pressão regulatória favorável e o caso com a SEC, que parece ter sido encerrado, além do interesse aberto no mercado

Arief Makmur 15:43 2025-07-04 UTC+2
Não pode falar agora?
Faça sua pergunta no chat.
Widget callback
 

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.