Postoje trenuci kada cijena prestaje biti samo broj. Kada prelazak odre\u0111ene granice postaje simbol, pokazatelj i emocionalni okida\u010d za milijune ljudi diljem svijeta. Proboj Bitcoina iznad 100.000 ameri\u010dkih dolara nije samo financijska vijest \u2014 to je psiholo\u0161ka prekretnica. Ali ono \u0161to se doga\u0111a ispod povr\u0161ine, ono \u0161to ovaj trenutak \u010dini doista zna\u010dajnim, nisu naslovi o trgovinskim pregovorima ni optimizam Wall Streeta, ve\u0107 tiha i uporna sila: globalna likvidnost.<\/p>\n\n\n\n
Julien Bittel, istra\u017eiva\u010d u Global Macro Investoru, upozorava da bi pravi voza\u010d Bitcoinovog rasta mogla biti M2 nov\u010dana masa \u2014 pokazatelj koli\u010dine gotovine, depozita i kvazi-novca koji kru\u017ei kroz globalni financijski sustav. Njegova analiza pokazuje da Bitcoin \u010desto prati M2 s vremenskim odmakom od 12 tjedana. Drugim rije\u010dima, kad sustav postane pun novca, Bitcoin di\u017ee jedra i prati vjetar.<\/p>\n\n\n\n
Od po\u010detka 2023. do prolje\u0107a 2024., svijet je svjedo\u010dio porastu M2 s 98 na vi\u0161e od 108 trilijuna dolara. Danas ta brojka prelazi 111 trilijuna. Ako ovaj trend potraje, ka\u017ee Bittel, mogli bismo svjedo\u010diti daljnjem rastu Bitcoina \u2014 mo\u017eda i do razina koje se danas \u010dine radikalnima.<\/p>\n\n\n\n
Ali ovdje se otvara va\u017enije pitanje: je li Bitcoin zaista samo pasivni instrument koji reagira na likvidnost, ili je postao barometar povjerenja u sustav?<\/p>\n\n\n\n
Ovih dana tr\u017ei\u0161te odi\u0161e napeto\u0161\u0107u koja podsje\u0107a na ti\u0161inu prije oluje \u2014 no ovdje je oluja povoljan vjetar. Tehni\u010dki indikatori blje\u0161te u zelenom, ETF-ovi bilje\u017ee rekordne priljeve, a \u010dak se i skeptici povla\u010de pred neumoljivim trendom. Bitcoin je u\u0161ao u zonu bez gravitacije, gdje povijest vi\u0161e ne nudi mapu \u2014 samo osje\u0107aj.<\/p>\n\n\n\n
Rast nije linearan, ali osje\u0107aj neizbje\u017enosti sve je prisutniji. Investitori vi\u0161e ne pitaju ho\u0107e li<\/em> Bitcoin rasti. Pitaju se koliko brzo<\/em> i kada stati<\/em>. U tom trenutku, tr\u017ei\u0161te prestaje biti racionalno i po\u010dinje postajati \u2014 ljudsko.<\/p>\n\n\n\n Dok Bittel tvrdi da je likvidnost uzrok, Benjamin Cohen nudi druk\u010diju tezu: mo\u017eda je Bitcoin sam postao signal, a ne odgovor. Mo\u017eda njegova eksplozija ne ukazuje na vi\u0161ak novca, ve\u0107 na strah od njegovog povla\u010denja. Ako je to to\u010dno, onda ovaj rast ne govori o nadi, ve\u0107 o nadolaze\u0107em zastoju.<\/p>\n\n\n\n Obje teorije sadr\u017ee sjeme istine. I obje nagla\u0161avaju koliko je Bitcoin odmaknuo od svojih ranih dana \u2014 od ideala anarhista i libertarijanaca do toga da ga danas analiziraju isti ljudi koji prate kretanje obveznica i odluke centralnih banaka.<\/p>\n\n\n\n U jednom smislu, Bitcoin danas lebdi izme\u0111u dvije krajnosti: s jedne strane je digitalno zlato, a s druge volatilni tehnolo\u0161ki instrument koji prkosi starim pravilima. Njegova cijena ne odra\u017eava samo potra\u017enju, ve\u0107 i kolektivnu intuiciju o tome kamo ide svijet.<\/p>\n\n\n\n I mo\u017eda je ba\u0161 zato toliko zna\u010dajno da se sada, ba\u0161 sada, nalazi iznad 100.000 dolara. Jer to nije samo broj \u2014 to je pitanje: vjerujemo li vi\u0161e digitalnom kodu nego fiskalnim pravilima? I je li mogu\u0107e da upravo taj broj najavljuje ne novo poglavlje Bitcoina, nego novo poglavlje globalne ekonomije?<\/p>\n","protected":false},"excerpt":{"rendered":" Postoje trenuci kada cijena prestaje biti samo broj. Kada prelazak odre\u0111ene granice postaje simbol, pokazatelj i emocionalni okida\u010d za milijune […]<\/p>\n","protected":false},"author":1,"featured_media":7660,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[35,18],"tags":[36],"class_list":["post-7659","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-vijesti","category-news","tag-btc"],"_links":{"self":[{"href":"https:\/\/sputnet.com.ng\/dnevnik\/wp-json\/wp\/v2\/posts\/7659","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sputnet.com.ng\/dnevnik\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sputnet.com.ng\/dnevnik\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sputnet.com.ng\/dnevnik\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sputnet.com.ng\/dnevnik\/wp-json\/wp\/v2\/comments?post=7659"}],"version-history":[{"count":0,"href":"https:\/\/sputnet.com.ng\/dnevnik\/wp-json\/wp\/v2\/posts\/7659\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sputnet.com.ng\/dnevnik\/wp-json\/wp\/v2\/media\/7660"}],"wp:attachment":[{"href":"https:\/\/sputnet.com.ng\/dnevnik\/wp-json\/wp\/v2\/media?parent=7659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sputnet.com.ng\/dnevnik\/wp-json\/wp\/v2\/categories?post=7659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sputnet.com.ng\/dnevnik\/wp-json\/wp\/v2\/tags?post=7659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Dvije vizije budu\u0107nosti<\/h3>\n\n\n\n
Izme\u0111u zlata i algoritama<\/h3>\n\n\n\n