12.5万美元！“贬值”交易刺激风险资产反弹，比特币价格再创历史新高

Core Insights - The U.S. government shutdown has triggered a "devaluation trade," leading to a rebound in global risk assets, with Bitcoin reaching a new all-time high [1][3] - Investors are shifting funds towards Bitcoin and gold as a hedge against the risk of dollar devaluation [1][3] Group 1: Bitcoin Performance - Bitcoin surged to a peak of $125,689 on October 5, surpassing its previous record of $124,514 set on August 14 [1] - The cryptocurrency has increased by 12% this week and over 30% year-to-date, driven by the government shutdown and expectations of funds flowing into safe-haven assets [3] - Institutional demand, technical factors, and seasonal trends are contributing to Bitcoin's price increase [3][6] Group 2: Market Reactions - The shutdown has led to a broad rise in risk assets, with the S&P 500 and Nasdaq Composite indices reaching record highs [4] - Gold prices have also increased by over 2% this week, marking the seventh consecutive week of gains [4] Group 3: Institutional Influence - The demand for Bitcoin is bolstered by institutional interest, particularly from companies like MicroStrategy that have adopted a strategy of accumulating cryptocurrencies [6] - The influx of funds into Bitcoin-related ETFs has made it easier for traditional investors to participate in Bitcoin investments, expanding the market participant base [6] Group 4: Historical Context - The current performance of Bitcoin during the government shutdown contrasts sharply with its performance during the previous shutdown in late 2018, indicating a stronger correlation with U.S. government risk this time [6] - October has historically been a strong month for Bitcoin, with nine out of the last ten Octobers showing price increases, reinforcing bullish sentiment among investors [7]