Can macro factors explain the price of Bitcoin? Archives - Deutsche Digital Assets

December 14, 2022

Cryptoassets in The New Inflation Regime: Is Bitcoin an inflation hedge?

This report analyzes the question whether cryptoassets and in particular Bitcoin can serve as an inflation hedge within multiasset portfolios. Although inflation dynamics will likely continue to decline throughout the next year, we provide evidence that high inflation rates will be the “new normal” in the medium to long term. Amongst other things, the study shows that […]
October 25, 2022

Cryptoassets and the Macroeconomy: Can macro factors explain the price of Bitcoin?

Which macro variables have recently been influencing the price of Bitcoin is a topic of continuing discussion in the cryptoasset community. Some contend that Bitcoin is just another “risk-on” trade like any other and that its value has a strong correlation with equity prices. There is some truth to that, as Bitcoin is currently still […]
October 6, 2021

Cryptocurrencies and the Sharpe Ratio of Traditional Investment Models

Just over a year ago, Deutsche Digital Assets published a report analyzing the impact of cryptocurrencies on the performance of traditional portfolios. Our report concluded that a small, rebalancing allocation to cryptocurrencies has a significant impact on the Sharpe ratio of all the portfolios investigated. We have updated our analysis to determine whether an allocation […]

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