CITIC Securities: In the medium and long term, it is expected that both cryptocurrencies and gold will benefit from the monetization brought about by deglobalization and de-dollarization

Odaily Planet Daily News CITIC Securities Research Report stated that cryptocurrencies have good privacy and anti-inflation, have grown rapidly since their birth, and are gradually becoming formal assets. As the rigid demand for cryptocurrencies expands, a pattern of rigid demand support and speculative pricing similar to gold is formed. However, in the short term, due to insufficient monetization and high risk appetite of marginal pricers, cryptocurrencies are more speculative. In the medium and long term, it is expected that both cryptocurrencies and gold will benefit from the monetization brought about by deglobalization and de-dollarization. "Future gold" does not necessarily include Bitcoin, but there is a high probability that there will be cryptocurrencies. In the short term, cryptocurrencies are expected to benefit from possible regulatory relaxation during Trump's term, but they need to wait for the certainty of trade and foreign policy. (Jinshi)