Umtyalo-mali kufuneka acinge ngayo i-bitcoin?
Kwimeko apho ndiyenzela iminyaka embalwa ngoku. Nangona ndibonile i-bitcoin kunye ne-cryptocurrencies njengendlela yokukhetha kwindlela yokwabiwa kwempahla ye-asethi, u-Burniske no-White benza ityala lokuba bahlale bodwa kwaye bathathwe njengeklasi yabo yeefayili ngendlela efanayo ukuba i-equity and bonds .
Eli phepha lenza ityala eliphosakeleyo kulokhu kwaye lenza njalo ngeenkcukacha kunye nedatha ekhoyo ngoku kwaye ingahlolwa kakuhle ngokunika imbali ye-bitcoin kunye nezoshishino zayo ngokutshintshiselana.
Iimeko ezenza i-bitcoin kunye ne-cryptocurrencies ukuba ithathelwe njengeklasi ye-asethi entsha iqhutywe ekhaya ngokuhlola kwabo abane.
"Utyalo-mali" lwe-bitcoin
Inqaku lokuqala kukujonga "utyalo-mali" lwe-bitcoin. Ngenxa yokunyuka kwentengo ye-bitcoin kunye nenyaniso yokuba ukuthengiswa kwemali ye-bitcoin ekutshintshiseni kulinganiselwa kuma-dollar ayi-1 ngosuku, loo nto ingenziwa ngokucacileyo. Ukongeza kule nto ukuthengiswa kwe-bitcoin kule marike kunye nokukwazi ukurhweba emhlabeni jikelele kwiimarike zeeyure ezingama-24 kufanelana nokunye utyalo-mali kuquka ne-GLD, ebizwa kuphela kwi-US naseSingapore.
Enye yezinto ezithandekayo ezenziwa ngabalobi kwiphepha libonisa ukuba "ipesenteji enkulu yabemi inokuba nethambekele ekubambeni i-cryptocurrency kunobulungisa kwiinkampani zorhwebo." Oku kungabonakali kunzima ukuyiqonda xa uthetha kumawaka eminyaka amaninzi awanamdla "kwiimarike zamasheya" kwaye unokuba lula ukucinga "i-cryptos" njengotyalo-mali.
Ukusebenzisa bitcoin kuwo wonke umhlaba
Uvavanyo lwesibini lu sekelwe kwi-bitcoins kunye ne-cryptocurrencies ukuze sikwazi ukuququzelela zonke iintlobo zokuthengiselana emhlabeni wonke kubonisa amandla abo okugcina ixabiso ngenxa yento abalobi abayithetha ngayo ngokuthi "ipolitiki nezoqoqosho". Ukunyaniseka ukuba i-bitcoin iyakwazi ukujongana nokuthengiswa kwemida (okuncinci kunezinto ezikhoyo), ukubonelela ngebhanki kwi-unbanked kwaye wenze njalo ngesakhiwo esisiseko esasasazwayo kwaye asikho phakathi, sibonisa ukukwazi kwayo ukujongana nokuthengiselana kwamanye amazwe kunye nezisombululo ngokufanelekileyo. kwaye ngokufanelekileyo.
Enye yezinto ezinomdla kakhulu kwiPhepha leNgcaciso yindlela ababhali abachazela ngayo umlinganiselo omkhulu phakathi kwexabiso elifakwe kwi-bitcoin ekudaleni kwenyuka imali yemali kunye negolide, kwaye " akukho nto ekhoyo kumlando landela uhambo olunjalo olulinganiselwe "njengengxube.
I-asethi "engekho"
Inkalo yesithathu yokuvavanya kwabo idibanisa into endiyibona kukuba iyona nto ibalulekileyo yokuqwalasela i-bitcoin kunye ne-cryptocurrencies njengotyalo-mali olongezelelweyo-ukukwazi kwabo ukuba "i-non-correlated" asethi. Inani lezinye iindlela zokutsalwa kotyalo-mali kunye neepesenti zokwabiwa ezalandelayo ziye zanda ukususela ngoxinzelelo lwezezimali ngo-2008 ukwenzela ukuba banikele abatyali-mali ngeendlela zokutshala imali ezinobungakanani obuphantsi kweemeko zemarike.
Ngokubeka ipesenti ezincinci kwii-asethi ezingekho "zilungelelaniswa", ukucinga kukuba ezi zinto ziza kuvumela iphothifoliyo ukuba ibe ngcono isimo sezulu esiqhwithela esakhiwe yintengiso emakethe. Ngaloo ndlela, ezi zinto kunye neengqwalasela zabo "njengotyalo-mali oluthile" ngokwenene zidala umngcipheko omncinci we-portfolio kunye nokusetyenziswa kwale mali-mali kuye kwadlala indima kwi-potifoliyo yesabelo sefa.
Ndiyibonile amanani kwixesha elidlulileyo elibonisa ngokucacileyo ulwalamano oluthile lwe "non-correlation" namanye amafa, kodwa kwiPhepha eliMhlophe, abalobi banikezela umfanekiso ocacileyo walokhu ngokugqamisa ukuba bafumanisa ukuba " ngokukrakra, imilinganiselo yamanani e-bitcoin ehlukileyo kwaye ehlukileyo nakwezinye iiklasi ze-asethi kwiminyaka emihlanu edlulileyo. I-Bitcoin yiyona nto yodwa egcina ingqinelana kakhulu kunye nazo zonke ezinye iimpahla. Ngokuphawulekayo, ulungelelaniso oluphezulu, oluhle okanye olungalunganga, loo nto ibonakaliswe nganye yezinye iimpahla (i-S & P 500, iBond ye-US, iGold, i-US Real Estate, i-Oil Real and Currencies Market) . nabanye."
"Ulungelelwano lweSharpe"
Kutyalo-mali, ukuhlanganisa iphothifoliyo eyiyo kunye nokuthatha isigqibo malunga notyalo-mali kufuna ukuba izigqibo zisekelwe kuhlalutyo lomvuzo wexabiso. Oku kunokwenzeka apho ababhali benza khona iqhosha lawo elomeleleyo ngendlela i-bitcoin kunye ne-cryptocurrencies kufuneka zihlelwe ngayo njengeklasi ye-asethi entsha. Ingxenye yesine yovavanyo lwayo iquka ukulinganisa kwe-Sharpe (eyenzelwe nguNobhala weNobel Prize, uWilliam Sharpe), isisombululo esisisiseko kunye esinamandla nesigqibo se-portfolio esilinganisa inani lembuyekezo kunye nomngcipheko owenziweyo. Okubalulekileyo kunika indlela umtyalo-mali ukuba aqonde inani lembuyekezo (ukubuyiselwa) ukuba bangafumana inqanaba lomngcipheko ukuba bazimisele ukuthatha.
Oku kubuyela kwiingxoxo abafaki-zimali abaninzi (okanye kufuneka babe nazo) nabacebisi babo bezezimali malunga nomngcipheko onokulungele ukuthatha kwaye basakwazi ukulala ebusuku.
UBurniske ubonisa ukuba njengomtyalo-mali, " into ofuna ukuyiyifumana ixabiso eliphezulu kwi-Sharpe ratios kuba oko kuthetha ukuba ulungele ukuhlawulwa ngokusemngciphekweni owenzayo . "U
Umtyalo-mali kufuneka afune ukufezekisa imbuyekezo ehambelana nomngcipheko wokuba uthatha kwaye i-Sharpe Ratio inokukunceda ukufumanisa ukuba ukulungiswa. Oko abalobi abakufumene ukuhlalutya kwabo ngaphezu kweminyaka emihlanu yile minyaka yimihla emithathu kwiminyaka emihlanu, i-bitcoins ngokwenene yayinemilinganiselo ephezulu ye-Sharpe ngokuthelekiswa namanye amaqela asethi. Baphinde babonise ukuba i-bitcoin iphela yokunyanzeliswa kwe-bitcoin nayo iphinde iyancipha kwiminyaka embalwa edlulileyo, ibonisa ukukhula kwempahla.
Ngaba oku kuya kubakhokelela abatyalo-mali?
Ndiwagcoba abalobi ngomsebenzi wabo obanzi kunye nendlela yokwakha kwesihloko. Njengomntu oqaphela amandla okuqwalasela i-bitcoin kunye ne-cryptocurrencies njengenketho yotyalo-mali, mhlawumbi kwakuye "ukushumayela kwiqonga" kum kodwa bavelise ingxelo ephandwe kakuhle, echanekileyo kwaye efundwa kakhulu, enika into ekholisayo kwaze kwaba ngumbono obalaseleyo.
Ndiyakholwa ukuba iya kwamkelwa luluntu loluntu-mali njengoko kukhuthazwa ukuqonda ukuba yiyo "iklasi ye-asethi entsha" kwaye ngokukhawuleza sibone abacebisi nabaphathi bemali bebhekisa oku ngokubandakanya zabo kwiimodeli zabo zokwabiwa kweepotfolio. Abaninzi banditshilo ukuba abathengi babo kunye nabatshali-zimali bafuna ukuba ibuyiswe ngokutsha kwi-bitcoin kunye nokunyanzelisa okukhethwa kukho utyalo-mali njenge-DAO kunye nezinye i-blockchain zokuqalisa.
Ndiyavuma kunye nabalobi abaqwalasela i-bitcoin kunye ne-cryptocurrencies ngokungqongqo "njengee currencies" iyanqanda. Ndimema abafundi nabafakeli-mali ukuba baqale ukubhekisela kwi-bitcoin nakwezinye izixhobo zokukhupha njenge "cryptoassets". Abalobi baye bawenza ityala eliphosakeleyo kubo "njengeklasi ye-asethi entsha" kwaye kufuneka bahlelwe ngokufanelekileyo.