CITIC Securities: In the medium to long term, cryptocurrencies are expected to benefit from monetization driven by de-globalization and de-dollarization

According to ChainCatcher, as reported by Jinshi, a research report from CITIC Securities states that cryptocurrencies have good privacy and anti-inflation properties. Since their inception, they have grown rapidly and are gradually becoming regularized assets. As the rigid demand for cryptocurrencies expands, it forms a speculative pricing pattern similar to gold, with a rigid demand underpinning.

However, in the short term, due to insufficient monetization and high risk appetite of marginal pricers, cryptocurrencies are actually more speculative. In the medium to long term, it is expected that both cryptocurrencies and gold will benefit from the monetization brought about by de-globalization and de-dollarization. The "future gold" does not necessarily include Bitcoin, but it is likely to include cryptocurrencies. In the short term, cryptocurrencies are expected to benefit from potential regulatory relaxation during Trump's term, but certainty in trade and foreign policy is needed.