{"id":535,"date":"2025-05-06T15:38:20","date_gmt":"2025-05-06T15:38:20","guid":{"rendered":"https:\/\/cryptonews.com\/cz\/?p=535"},"modified":"2025-05-06T15:38:20","modified_gmt":"2025-05-06T15:38:20","slug":"bitcoin-meni-kurz-ztraci-korelaci-s-akciemi-posiluje-vazbu-na-zlato-signalizuje-to-posun-smerem-k-jeho-dlouhodobe-roli-uchovatele-hodnoty","status":"publish","type":"post","link":"https:\/\/cryptonews.com\/cz\/news\/bitcoin-meni-kurz-ztraci-korelaci-s-akciemi-posiluje-vazbu-na-zlato-signalizuje-to-posun-smerem-k-jeho-dlouhodobe-roli-uchovatele-hodnoty\/","title":{"rendered":"Bitcoin m\u011bn\u00ed kurz: Ztr\u00e1c\u00ed korelaci s akciemi a posiluje vazbu na zlato &#8211; signalizuje to posun sm\u011brem k jeho roli uchovatele hodnoty?"},"content":{"rendered":"<p><strong><a href=\"https:\/\/cryptonews.com\/cz\/kryptomeny\/co-je-bitcoin\/\">Bitcoin (BTC)<\/a> se b\u011bhem posledn\u00edch dvou t\u00fddn\u016f z\u0159eteln\u011b odd\u011blil od americk\u00fdch akciov\u00fdch trh\u016f<\/strong>. To znovu rozv\u00ed\u0159ilo debatu o tom, zda kryptom\u011bna kone\u010dn\u011b <strong>vstupuje do sv\u00e9 dlouho p\u0159edpov\u00eddan\u00e9 role digit\u00e1ln\u00edho ekvivalentu zlata \u2013 tedy aktiva, kter\u00e9 slou\u017e\u00ed jako bezpe\u010dn\u00fd p\u0159\u00edstav v dob\u011b nejistoty.<\/strong><\/p><p><strong>Cena bitcoinu tradi\u010dn\u011b kop\u00edrovala v\u00fdvoj akciov\u00fdch trh\u016f<\/strong>, p\u0159edev\u0161\u00edm v obdob\u00edch zv\u00fd\u0161en\u00e9 volatility a ekonomick\u00e9 nejistoty. V<strong> <\/strong>minulosti t\u00edm vznikaly<strong> pochybnosti<\/strong>, zda je bitcoin skute\u010dn\u011b vhodn\u00fd jako <strong>dlouhodob\u00fd uchovatel hodnoty<\/strong>.<\/p><p><strong>Siln\u00e1 korelace se t\u00fdkala zejm\u00e9na technologick\u00fdch gigant\u016f<\/strong> jako jsou <strong>Apple, Nvidia \u010di Meta<\/strong>. Tento vztah byl \u010d\u00e1ste\u010dn\u011b pos\u00edlen rostouc\u00edm <strong>institucion\u00e1ln\u00edm z\u00e1jmem po spu\u0161t\u011bn\u00ed spotov\u00fdch bitcoinov\u00fdch ETF<\/strong> v lednu 2024.<\/p><p>Tato situace se v\u0161ak za\u010d\u00edn\u00e1 m\u011bnit. <strong>Podle nov\u00e9 <a href=\"https:\/\/cryptoquant.com\/insights\/quicktake\/68092c801babdc65a66c7fc3-Bitcoins-Decoupling-Cycle?utm_source=telegram&#038;utm_medium=sns&#038;utm_campaign=quicktake&#038;utm_content=oinonen_t\">anal\u00fdzy<\/a> platformy CryptoQuant<\/strong> na konci roku 2024 dosahovala korelace s <strong>indexem<\/strong> <strong>S&#038;P 500 hodnoty 0,88<\/strong>. K dubnu 2025 se <strong>sn\u00ed\u017eila na 0,77<\/strong>. Je\u0161t\u011b v\u00fdrazn\u011bji se m\u011bn\u00ed vazba na<strong> technologick\u00fd index Nasdaq Composite<\/strong>, kde korelace dos\u00e1hla <strong>vrcholu 0,91 v lednu 2025<\/strong>, ale nyn\u00ed <strong>klesla na 0,83<\/strong>.<\/p><p><strong>Tyto zm\u011bny nazna\u010duj\u00ed rostouc\u00ed popt\u00e1vku po bitcoinu jako alternativn\u00edm bezpe\u010dn\u00e9m aktivu<\/strong>, nez\u00e1visl\u00e9m na v\u00fdkyvech akciov\u00e9ho trhu. Ve sv\u00e9 zpr\u00e1v\u011b CryptoQuant uvedl:<\/p><p><strong>\u201eBitcoin se jasn\u011b odd\u011blil od hlavn\u00edch americk\u00fdch akciov\u00fdch index\u016f, co\u017e signalizuje oslabuj\u00edc\u00ed korelaci s tradi\u010dn\u00edmi a technologick\u00fdmi akciemi.\u201c<\/strong><\/p><h2 class=\"wp-block-heading\"><strong>Bitcoin se odd\u011bluje od akci\u00ed \u2013 co to znamen\u00e1 pro investory?<\/strong><\/h2><span class=\"replacer\"><\/span><p><strong>Odklon bitcoinu od akciov\u00fdch trh\u016f nen\u00ed jen statistick\u00e1 zaj\u00edmavost.<\/strong> Ukazuje na z\u0159eteln\u00fd <strong>p\u0159esun kapit\u00e1lu z akci\u00ed do tohoto aktiva<\/strong> ze strany investor\u016f, kte\u0159\u00ed se tak sna\u017e\u00ed <strong>zajistit proti rostouc\u00edm makroekonomick\u00fdm a geopolitick\u00fdm rizik\u016fm<\/strong>.<\/p><figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Gold continues to make history:<br><br>Gold prices have outpaced the S&amp;P 500 by 32.6 percentage points year-to-date, the most since at least 1975.<br><br>This has surpassed the record of ~26.0 percentage points for the same period of the year during 2020.<br><br>This comes as gold prices have\u2026 <a href=\"https:\/\/t.co\/im7FDZsCbD\">pic.twitter.com\/im7FDZsCbD<\/a><\/p>&mdash; The Kobeissi Letter (@KobeissiLetter) <a href=\"https:\/\/twitter.com\/KobeissiLetter\/status\/1916579603956539514?ref_src=twsrc%5Etfw\">April 27, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure><p>Nap\u0159\u00edklad k dne\u0161n\u00edmu dni je <strong>bitcoin od za\u010d\u00e1tku roku v zisku p\u0159ibli\u017en\u011b 2 %<\/strong> a aktu\u00e1ln\u011b se pohybuje kolem <strong>95 000 dolar;<\/strong>, zat\u00edmco <strong>index Nasdaq Composite zaznamenal pokles o t\u00e9m\u011b\u0159 10 %<\/strong>.<\/p><p>Od <strong>v\u00edce ne\u017e dvoum\u011bs\u00ed\u010dn\u00edho minima z 7. dubna<\/strong>, ke kter\u00e9mu do\u0161lo jen n\u011bkolik dn\u00ed po ozn\u00e1men\u00ed tzv. <strong>\u201erecipro\u010dn\u00edch cel\u201c ze strany Donalda Trumpa<\/strong>, vzrostl <strong>bitcoin o 25 %<\/strong>. Nasdaq p\u0159itom b\u011bhem stejn\u00e9ho obdob\u00ed z\u016fstal prakticky beze zm\u011bny.<\/p><p>Po ned\u00e1vn\u00e9m pozastaven\u00ed americk\u00fdch cel, zve\u0159ejn\u011bn\u00ed dat z trhu pr\u00e1ce a ostr\u00e9 kritice \u0161\u00e9fa Fedu Jeroma Powella ze strany Donalda Trumpa si bitcoin udr\u017eel stabiln\u00ed v\u00fdvoj.<strong> 22. dubna dokonce pos\u00edlil o 7 %, zat\u00edmco akcie klesaly.<\/strong><\/p><p>Nap\u0159\u00edklad v\u00fdrobce \u010dip\u016f <strong>Nvidia odepsal <a href=\"https:\/\/www.reuters.com\/technology\/nvidia-expects-up-55-billion-charge-first-quarter-2025-04-15\/#:~:text=April%2015%20(Reuters)%20%2D%20Nvidia,of%20its%20most%20popular%20chips.\">5,5 miliardy dolar\u016f<\/a><\/strong> pot\u00e9, co Trump ozn\u00e1mil <strong>bezprecedentn\u00ed clo ve v\u00fd\u0161i 145 % na dovoz z \u010c\u00edny<\/strong>. Tento krok spustil masivn\u00ed v\u00fdprodej nap\u0159\u00ed\u010d americk\u00fdm technologick\u00fdm sektorem.<\/p><p><strong>Tracy Jin<\/strong>, provozn\u00ed \u0159editelka kryptoburzy MEXC, poukazuje na<strong> \u0159adu faktor\u016f, kter\u00e9 pom\u00e1haj\u00ed urychlovat odd\u011blen\u00ed bitcoinu od tradi\u010dn\u00edch trh\u016f a posiluj\u00ed jeho status alternativn\u00edho bezpe\u010dn\u00e9ho p\u0159\u00edstavu.<\/strong> V rozhovoru pro Cryptonews uvedla:<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><strong>\u201eCelkov\u00fd obraz se nezm\u011bnil \u2013 jen se v\u00edc vyjas\u0148uje. Bitcoin jako \u201amakro hedge\u2018 u\u017e nen\u00ed jen teorie. Je to vid\u011bt i na chov\u00e1n\u00ed trhu. Sl\u00e1bnouc\u00ed dolarov\u00fd index, nejasn\u00e9 sign\u00e1ly od Fedu a titulky o clech vytv\u00e1\u0159ej\u00ed prost\u0159ed\u00ed, kde aktiva mimo kontrolu st\u00e1t\u016f skute\u010dn\u011b vynikaj\u00ed.\u201c<\/strong><\/p>\n<\/blockquote><p><strong>S\u00edla bitcoinu jako bezpe\u010dn\u00e9ho \u00fato\u010di\u0161t\u011b spo\u010d\u00edv\u00e1 zejm\u00e9na v jeho v\u00fdkonnosti v\u016f\u010di klasick\u00fdm fiat m\u011bn\u00e1m.<\/strong><br>V p\u0159\u00edpad\u011b americk\u00e9ho dolaru plat\u00ed jednoduch\u00e9 pravidlo: <strong>kdy\u017e dolar oslabuje, bitcoin obvykle roste \u2013 a naopak.<\/strong><\/p><p><strong>Index DXY<\/strong>, kter\u00fd m\u011b\u0159\u00ed hodnotu dolaru v\u016f\u010di \u0161esti hlavn\u00edm sv\u011btov\u00fdm m\u011bn\u00e1m, <strong>klesl na 97 bod\u016f \u2013 nejni\u017e\u0161\u00ed \u00farove\u0148 od roku 2022.<\/strong> Od n\u00e1stupu Donalda Trumpa do \u00fa\u0159adu se<strong> index propadl o 11 %<\/strong>.<\/p><h2 class=\"wp-block-heading\"><strong>Bitcoin se za\u010d\u00edn\u00e1 chovat jako zlato &#8211; bl\u00ed\u017e\u00ed se jeho dlouho o\u010dek\u00e1van\u00fd p\u0159erod v bezpe\u010dn\u00e9 aktivum?<\/strong><\/h2><span class=\"replacer\"><\/span><p><strong>Podle dat z platformy CryptoQuant se bitcoin za\u010d\u00edn\u00e1 chovat podobn\u011b jako zlato<\/strong>, kter\u00e9 22. dubna poprv\u00e9 v historii p\u0159ekonalo hranici <strong>3 500 dolar\u016f za unci<\/strong>. <strong>Cena zlata letos vzrostla o 26 %<\/strong>, \u010d\u00edm\u017e <strong>v\u00fdrazn\u011b p\u0159ekonala index S&#038;P 500<\/strong>, jen\u017e si za stejnou dobu <strong>odepsal 6 %<\/strong>.<\/p><p><strong>Od za\u010d\u00e1tku dubna se korelace mezi bitcoinem a zlatem zlep\u0161ila<\/strong> \u2013 z hodnoty <strong>-0,62<\/strong> na <strong>-0,31<\/strong> ke dni 28. dubna. A\u010dkoliv se st\u00e1le jedn\u00e1 o slabou negativn\u00ed korelaci, <strong>je to podle odborn\u00edk\u016f z\u0159eteln\u00fd posun oproti p\u0159edchoz\u00edm let\u016fm<\/strong>.<\/p><figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Gold continues to make history:<br><br>Gold prices have outpaced the S&amp;P 500 by 32.6 percentage points year-to-date, the most since at least 1975.<br><br>This has surpassed the record of ~26.0 percentage points for the same period of the year during 2020.<br><br>This comes as gold prices have\u2026 <a href=\"https:\/\/t.co\/im7FDZsCbD\">pic.twitter.com\/im7FDZsCbD<\/a><\/p>&mdash; The Kobeissi Letter (@KobeissiLetter) <a href=\"https:\/\/twitter.com\/KobeissiLetter\/status\/1916579603956539514?ref_src=twsrc%5Etfw\">April 27, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><strong>Pozitivn\u00ed korela\u010dn\u00ed koeficient by znamenal, \u017ee se aktiva pohybuj\u00ed shodn\u011b<\/strong>, zat\u00edmco negativn\u00ed ukazuje na opa\u010dn\u00e9 sm\u011bry. <strong>Tracy Jin<\/strong> z <strong>MEXC<\/strong> zd\u016fraznila, \u017ee zlep\u0161uj\u00edc\u00ed se korelace <strong>nen\u00ed jen kr\u00e1tkodob\u00fd v\u00fdkyv<\/strong>:<\/p>\n<\/blockquote><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><strong>\u201eTohle je za\u010d\u00e1tek struktur\u00e1ln\u00ed zm\u011bny, ne jen dal\u0161\u00ed moment relativn\u00ed s\u00edly. Pokud bitcoin dok\u00e1\u017ee udr\u017eet svou hodnotu ve chv\u00edli, kdy akcie klesaj\u00ed, m\u016f\u017ee se kone\u010dn\u011b posunout do role, kterou mu mnoz\u00ed p\u0159edpov\u00eddali u\u017e d\u00e1vno \u2013 nejen jako digit\u00e1ln\u00ed zlato, ale jako plnohodnotn\u00e1 samostatn\u00e1 t\u0159\u00edda aktiv.\u201c<\/strong><\/p>\n<\/blockquote><p><strong>Korelaci mezi bitcoinem a zlatem sleduje trh u\u017e n\u011bkolik let<\/strong>, p\u0159esto <strong>z\u016fst\u00e1vala relativn\u011b slab\u00e1<\/strong>, jak uv\u00e1d\u00ed p\u0159edchoz\u00ed <a href=\"https:\/\/research.kaiko.com\/insights\/how-is-crypto-liquidity-fragmentation-impacting-markets\">data<\/a> z platformy <strong>Kaiko<\/strong>. Co ale ob\u011b aktiva spojuje, je jejich <strong>vz\u00e1cnost<\/strong>. <\/p><p>Bitcoin m\u00e1 d\u00edky sv\u00e9mu tv\u016frci, <strong>Satoshimu Nakamotovi<\/strong>, <strong>hard cap 21 milion\u016f BTC<\/strong> zak\u00f3dovan\u00fd p\u0159\u00edmo v j\u00e1dru protokolu. <strong>Zlata v\u0161ak bylo podle odhad\u016f v cel\u00e9 historii vyt\u011b\u017eeno p\u0159ibli\u017en\u011b 213 000 tun<\/strong>. Odborn\u00edci se shoduj\u00ed, \u017ee <strong>omezen\u00e1 nab\u00eddka bitcoinu a jeho decentralizovan\u00e1 povaha<\/strong> jsou hlavn\u00ed d\u016fvody, pro\u010d je vn\u00edm\u00e1n jako <strong>uchovatel hodnoty<\/strong>.<\/p><p>Fiat m\u011bny s t\u011bmito aktivy sd\u00edl\u00ed ur\u010ditou vz\u00e1cnost, ale <strong>centr\u00e1ln\u00ed banky je mohou tisknout podle politick\u00fdch pot\u0159eb vl\u00e1d<\/strong>, co\u017e jejich hodnotu z dlouhodob\u00e9ho hlediska zpochyb\u0148uje. <strong>Bitcoin na rozd\u00edl od fiat m\u011bn nem\u00e1 \u017e\u00e1dnou centr\u00e1ln\u00ed vyd\u00e1vaj\u00edc\u00ed autoritu<\/strong>. Jeho nab\u00eddku kontroluj\u00ed <strong>p\u0159edem dan\u00e9 algoritmy<\/strong>, a ud\u00e1losti zn\u00e1m\u00e9 jako <strong><a href=\"https:\/\/cryptonews.com\/cz\/kryptomeny\/co-je-halving-bitcoinu\/\">halving<\/a><\/strong> zaji\u0161\u0165uj\u00ed postupn\u00e9 zpomalov\u00e1n\u00ed emise. <\/p><figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Gold continues to make history:<br><br>Gold prices have outpaced the S&amp;P 500 by 32.6 percentage points year-to-date, the most since at least 1975.<br><br>This has surpassed the record of ~26.0 percentage points for the same period of the year during 2020.<br><br>This comes as gold prices have\u2026 <a href=\"https:\/\/t.co\/im7FDZsCbD\">pic.twitter.com\/im7FDZsCbD<\/a><\/p>&mdash; The Kobeissi Letter (@KobeissiLetter) <a href=\"https:\/\/twitter.com\/KobeissiLetter\/status\/1916579603956539514?ref_src=twsrc%5Etfw\">April 27, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure><p><strong>Bitcoin i zlato investo\u0159i vyu\u017e\u00edvaj\u00ed jako zaji\u0161t\u011bn\u00ed proti inflaci<\/strong>, a jak uk\u00e1zal pr\u00e1v\u011b leto\u0161n\u00ed duben, tak\u00e9<strong> proti rizik\u016fm plynouc\u00edm z obchodn\u00edch v\u00e1lek<\/strong>.<\/p><p>Ob\u011b aktiva maj\u00ed tendenci <strong>posilovat v dob\u011b, kdy tradi\u010dn\u00ed trhy \u010del\u00ed nejistot\u011b<\/strong> \u2013 i kdy\u017e u bitcoinu doch\u00e1z\u00ed k reakci obvykle s <strong>n\u011bkolikam\u011bs\u00ed\u010dn\u00edm zpo\u017ed\u011bn\u00edm<\/strong>. V dubnu v\u0161ak bitcoin i zlato pos\u00edlily sou\u010dasn\u011b, zat\u00edmco akcie klesaly.<\/p><p>Podobn\u00fd v\u00fdvoj trh za\u017eil b\u011bhem <strong>obdob\u00ed pandemie v roce 2020<\/strong>. <strong>Zlato tehdy dos\u00e1hlo tehdej\u0161\u00edho maxima 1 902 dolar\u016f za unci<\/strong>, zat\u00edmco <strong>bitcoin atakoval hranici 29 000 dolar\u016f<\/strong>. Fiat m\u011bny v t\u00e9 dob\u011b ztr\u00e1cely hodnotu vlivem<strong> masivn\u00edch vl\u00e1dn\u00edch stimul\u016f.<\/strong><\/p><h2 class=\"wp-block-heading\"><strong>Institucion\u00e1ln\u00ed popt\u00e1vka po bitcoinu roste<\/strong><\/h2><span class=\"replacer\"><\/span><p><strong>Zlato za\u017e\u00edv\u00e1 rekordn\u00ed popt\u00e1vku.<\/strong> Podle <a href=\"https:\/\/www.gold.org\/goldhub\/data\/gold-demand-by-country\">dat<\/a> World Gold Council <strong>centr\u00e1ln\u00ed banky v roce 2024 nakoupily 1 086 tun zlata<\/strong>, co\u017e je <strong>t\u00e9m\u011b\u0159 trojn\u00e1sobek oproti roku 2020<\/strong>, kdy jejich n\u00e1kupy \u010dinily p\u0159ibli\u017en\u011b 254 tun.<\/p><p><strong>Tento trend pokra\u010doval i v prvn\u00edch \u010dty\u0159ech m\u011bs\u00edc\u00edch roku 2025<\/strong>, co\u017e <strong>posunulo cenu zlata na nov\u00fd rekord \u2013 3 500 dolar\u016f za unci<\/strong> v dubnu. <strong>Od sv\u00fdch minim z \u0159\u00edjna 2022 vyk\u00e1zalo zlato zhodnocen\u00ed o 102 %<\/strong>, t\u00e9m\u011b\u0159 <strong>dvojn\u00e1sobek oproti zisku indexu S&#038;P 500, kter\u00fd \u010din\u00ed 54 %.<\/strong><\/p><div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img loading=\"lazy\" decoding=\"async\" width=\"852\" height=\"281\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/sites\/23\/2025\/05\/05115718\/1746446237-1000200626.jpg\" alt=\"Statistiky nab\u00eddky a popt\u00e1vky po zlat\u011b. Zdroj: World Gold Council\" class=\"wp-image-540\" srcset=\"https:\/\/cimg.co\/wp-content\/uploads\/sites\/23\/2025\/05\/05115718\/1746446237-1000200626.jpg 852w, https:\/\/cimg.co\/wp-content\/uploads\/sites\/23\/2025\/05\/05115718\/1746446237-1000200626-300x99.jpg 300w, https:\/\/cimg.co\/wp-content\/uploads\/sites\/23\/2025\/05\/05115718\/1746446237-1000200626-768x253.jpg 768w, https:\/\/cimg.co\/wp-content\/uploads\/sites\/23\/2025\/05\/05115718\/1746446237-1000200626-450x148.jpg 450w\" sizes=\"auto, (max-width: 852px) 100vw, 852px\"><figcaption class=\"wp-element-caption\">Statistiky nab\u00eddky a popt\u00e1vky po zlat\u011b. Zdroj: World Gold Council <\/figcaption><\/figure><\/div><p><strong>Tak\u00e9 bitcoin za\u017e\u00edv\u00e1 v\u00fdraznou institucion\u00e1ln\u00ed popt\u00e1vku.<\/strong> Do BTC ETF proud\u00ed rekordn\u00ed objemy kapit\u00e1lu a <strong>tzv. \u201evelryby\u201c \u2013 velc\u00ed dr\u017eitel\u00e9 bitcoinu \u2013 ve velk\u00e9m akumuluj\u00ed<\/strong>.<\/p><p>Jak upozor\u0148uje Tracy Jin, <strong>po\u010det BTC pen\u011b\u017eenek, kter\u00e9 odes\u00edlaj\u00ed prost\u0159edky na burzy, klesl na nejni\u017e\u0161\u00ed \u00farove\u0148 za posledn\u00ed t\u0159i roky<\/strong>. 30denn\u00ed klouzav\u00fd pr\u016fm\u011br je nyn\u00ed<strong> kolem 52 000 adres, zat\u00edmco u ro\u010dn\u00edho pr\u016fm\u011bru je to 71 000.<\/strong><\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><strong>\u201eM\u00e9n\u011b coin\u016f m\u00ed\u0159\u00edc\u00edch na burzy znamen\u00e1 ni\u017e\u0161\u00ed prodejn\u00ed tlak,\u201c<\/strong> uvedla Jin a dodala: <strong>\u201eTento v\u00fdvoj na stran\u011b nab\u00eddky, v kombinaci se silnou institucion\u00e1ln\u00ed popt\u00e1vkou, vytv\u00e1\u0159\u00ed podm\u00ednky pro mo\u017en\u00e9 odpout\u00e1n\u00ed bitcoinu od zbytku trhu \u2013 n\u011bco, k \u010demu u\u017e n\u011bkolikr\u00e1t sm\u011b\u0159oval.\u201c<\/strong><\/p>\n<\/blockquote><p><strong>Dne 22. dubna zaznamenaly bitcoinov\u00e9 ETF obchodovan\u00e9 v USA \u010dist\u00fd p\u0159\u00edliv 936 milion\u016f dolar\u016f<\/strong> \u2013 t\u0159et\u00ed nejvy\u0161\u0161\u00ed leto\u0161n\u00ed objem podle <a href=\"https:\/\/sosovalue.com\/assets\/etf\/us-btc-spot\">dat<\/a> platformy <strong>Sosovalue<\/strong>. B\u011bhem pouh\u00fdch<strong> <\/strong>t\u0159\u00ed dn\u00ed<strong> investo\u0159i vlo\u017eili 1,4 miliardy dolar\u016f do v\u00edce ne\u017e des\u00edtky fond\u016f<\/strong>, p\u0159i\u010dem\u017e nejv\u011bt\u0161\u00ed pod\u00edl p\u0159ipadl na <strong>iShares Bitcoin Trust (IBIT) od BlackRocku<\/strong>.<\/p><div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img loading=\"lazy\" decoding=\"async\" width=\"915\" height=\"515\" src=\"https:\/\/cimg.co\/p\/no_image.svg\" alt=\"Dne 22. dubna zaznamenaly bitcoinov\u00e9 ETF obchodovan\u00e9 v USA \u010dist\u00fd p\u0159\u00edliv 936 milion\u016f dolar\u016f. Zdroj: The Kobeissi Letter \/X\" class=\"wp-image-541 lazyload\" sizes=\"auto, (max-width: 915px) 100vw, 915px\" data-src=\"https:\/\/cimg.co\/wp-content\/uploads\/sites\/23\/2025\/05\/05120406\/1746446645-1000200573.jpg\" data-srcset=\"https:\/\/cimg.co\/wp-content\/uploads\/sites\/23\/2025\/05\/05120406\/1746446645-1000200573.jpg 915w, https:\/\/cimg.co\/wp-content\/uploads\/sites\/23\/2025\/05\/05120406\/1746446645-1000200573-300x169.jpg 300w, https:\/\/cimg.co\/wp-content\/uploads\/sites\/23\/2025\/05\/05120406\/1746446645-1000200573-768x432.jpg 768w, https:\/\/cimg.co\/wp-content\/uploads\/sites\/23\/2025\/05\/05120406\/1746446645-1000200573-450x253.jpg 450w\"><figcaption class=\"wp-element-caption\">Dne 22. dubna zaznamenaly bitcoinov\u00e9 ETF obchodovan\u00e9 v USA \u010dist\u00fd p\u0159\u00edliv 936 milion\u016f dolar\u016f. Zdroj: The Kobeissi Letter \/X<\/figcaption><\/figure><\/div><p><strong>Od sv\u00e9ho spu\u0161t\u011bn\u00ed v lednu 2024 <\/strong>p\u0159il\u00e1kaly tyto fondy<strong> p\u0159es 39 miliard dolar\u016f <\/strong>v nov\u00e9m kapit\u00e1lu, proto\u017ee <strong>instituce hledaj\u00ed diverzifikaci portfoli\u00ed a ochranu proti makroekonomick\u00e9 nejistot\u011b.<\/strong><\/p><p>Podle analytik\u016f <strong>rostouc\u00ed institucion\u00e1ln\u00ed adopce pom\u00e1h\u00e1 struktur\u00e1ln\u011b zr\u00e1t bitcoinov\u00e9mu trhu<\/strong>, p\u0159i\u010dem\u017e se z\u00e1rove\u0148 <strong>zvy\u0161uje likvidita.<\/strong> P\u0159esto <strong>nen\u00ed zcela jasn\u00e9, zda bitcoin napln\u00ed svou roli \u201edigit\u00e1ln\u00edho zlata\u201c i z dlouhodob\u00e9ho hlediska.<\/strong> Historie toti\u017e ukazuje, \u017ee se v krizov\u00fdch okam\u017eic\u00edch \u010dasto choval sp\u00ed\u0161e jako rizikov\u00e9 aktivum.<\/p><p>Nap\u0159\u00edklad <strong>b\u011bhem v\u00fdprodeje na akciov\u00fdch trz\u00edch dne 5. srpna 2024 bitcoin v\u00fdrazn\u011b zaostal za zlatem<\/strong>.<br><strong>BTC tehdy ztratil 16 %<\/strong> a propadl se pod hranici 50 000 dolar\u016f, co\u017e byl <strong>nejhlub\u0161\u00ed pokles od kolaps\u016f FTX a Terraform Labs v roce 2022.<\/strong> Zlato naproti tomu vyk\u00e1zalo <strong>pouze 1% ztr\u00e1tu, kterou do konce dne dok\u00e1zalo zcela vymazat.<\/strong><\/p><p>Bitcoin se tak nach\u00e1z\u00ed na rozcest\u00ed \u2013 st\u00e1le v\u00edce p\u0159ipom\u00edn\u00e1 <strong>digit\u00e1ln\u00ed zlato<\/strong>, ale kl\u00ed\u010dov\u00e9 bude, zda tuto roli zvl\u00e1dne obh\u00e1jit i v dob\u011b <strong>skute\u010dn\u00e9 krize<\/strong>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) se b\u011bhem posledn\u00edch dvou t\u00fddn\u016f z\u0159eteln\u011b odd\u011blil od americk\u00fdch akciov\u00fdch trh\u016f. To znovu rozv\u00ed\u0159ilo debatu o tom, zda kryptom\u011bna kone\u010dn\u011b vstupuje do sv\u00e9 dlouho p\u0159edpov\u00eddan\u00e9 role digit\u00e1ln\u00edho ekvivalentu zlata \u2013 tedy aktiva, kter\u00e9 slou\u017e\u00ed jako bezpe\u010dn\u00fd p\u0159\u00edstav v dob\u011b nejistoty.Cena bitcoinu tradi\u010dn\u011b kop\u00edrovala v\u00fdvoj akciov\u00fdch trh\u016f, p\u0159edev\u0161\u00edm v obdob\u00edch zv\u00fd\u0161en\u00e9 volatility a ekonomick\u00e9 [&hellip;]<\/p>\n","protected":false},"author":638,"featured_media":542,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[11,28],"tags":[16,17,36,73,23,21],"editors":[51],"sponsored_companies":[],"class_list":["post-535","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-bitcoin","tag-btc","tag-etf","tag-instituce","tag-nasdaq","tag-zlato","editors-roman-blecha"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitcoin m\u011bn\u00ed kurz: Ztr\u00e1c\u00ed korelaci s akciemi a posiluje vazbu na zlato - signalizuje to posun sm\u011brem k jeho roli uchovatele hodnoty?<\/title>\n<meta name=\"description\" content=\"Bitcoin se odd\u011blil od americk\u00fdch akciov\u00fdch trh\u016f a za\u010d\u00edn\u00e1 se chovat sp\u00ed\u0161e jako zlato, tedy bezpe\u010dn\u00e9 aktivum, tvrd\u00ed experti.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.com\/cz\/news\/bitcoin-meni-kurz-ztraci-korelaci-s-akciemi-posiluje-vazbu-na-zlato-signalizuje-to-posun-smerem-k-jeho-dlouhodobe-roli-uchovatele-hodnoty\/\" \/>\n<meta property=\"og:locale\" content=\"cs_CZ\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin m\u011bn\u00ed kurz: Ztr\u00e1c\u00ed korelaci s akciemi a posiluje vazbu na zlato - signalizuje to posun sm\u011brem k jeho roli uchovatele hodnoty?\" \/>\n<meta property=\"og:description\" content=\"Bitcoin se odd\u011blil od americk\u00fdch akciov\u00fdch trh\u016f a za\u010d\u00edn\u00e1 se chovat sp\u00ed\u0161e jako zlato, tedy bezpe\u010dn\u00e9 aktivum, tvrd\u00ed experti.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.com\/cz\/news\/bitcoin-meni-kurz-ztraci-korelaci-s-akciemi-posiluje-vazbu-na-zlato-signalizuje-to-posun-smerem-k-jeho-dlouhodobe-roli-uchovatele-hodnoty\/\" \/>\n<meta property=\"og:site_name\" content=\"Cryptonews CZ\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-06T15:38:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cimg.co\/wp-content\/uploads\/sites\/23\/2025\/05\/05121228\/1746447148-1746023222-goldbtc.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"768\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:description\" content=\"Bitcoin se odd\u011blil od americk\u00fdch akciov\u00fdch trh\u016f a za\u010d\u00edn\u00e1 se chovat sp\u00ed\u0161e jako zlato, tedy bezpe\u010dn\u00e9 aktivum, tvrd\u00ed experti.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/cimg.co\/wp-content\/uploads\/sites\/23\/2025\/05\/05121228\/1746447148-1746023222-goldbtc.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptonews\" \/>\n<meta name=\"twitter:site\" content=\"@cryptonews\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bitcoin m\u011bn\u00ed kurz: Ztr\u00e1c\u00ed korelaci s akciemi a posiluje vazbu na zlato - signalizuje to posun sm\u011brem k jeho roli uchovatele hodnoty?","description":"Bitcoin se odd\u011blil od americk\u00fdch akciov\u00fdch trh\u016f a za\u010d\u00edn\u00e1 se chovat sp\u00ed\u0161e jako zlato, tedy bezpe\u010dn\u00e9 aktivum, tvrd\u00ed experti.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptonews.com\/cz\/news\/bitcoin-meni-kurz-ztraci-korelaci-s-akciemi-posiluje-vazbu-na-zlato-signalizuje-to-posun-smerem-k-jeho-dlouhodobe-roli-uchovatele-hodnoty\/","og_locale":"cs_CZ","og_type":"article","og_title":"Bitcoin m\u011bn\u00ed kurz: Ztr\u00e1c\u00ed korelaci s akciemi a posiluje vazbu na zlato - signalizuje to posun sm\u011brem k jeho roli uchovatele hodnoty?","og_description":"Bitcoin se odd\u011blil od americk\u00fdch akciov\u00fdch trh\u016f a za\u010d\u00edn\u00e1 se chovat sp\u00ed\u0161e jako zlato, tedy bezpe\u010dn\u00e9 aktivum, tvrd\u00ed experti.","og_url":"https:\/\/cryptonews.com\/cz\/news\/bitcoin-meni-kurz-ztraci-korelaci-s-akciemi-posiluje-vazbu-na-zlato-signalizuje-to-posun-smerem-k-jeho-dlouhodobe-roli-uchovatele-hodnoty\/","og_site_name":"Cryptonews CZ","article_published_time":"2025-05-06T15:38:20+00:00","og_image":[{"width":1200,"height":768,"url":"https:\/\/cimg.co\/wp-content\/uploads\/sites\/23\/2025\/05\/05121228\/1746447148-1746023222-goldbtc.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_description":"Bitcoin se odd\u011blil od americk\u00fdch akciov\u00fdch trh\u016f a za\u010d\u00edn\u00e1 se chovat sp\u00ed\u0161e jako zlato, tedy bezpe\u010dn\u00e9 aktivum, tvrd\u00ed experti.","twitter_image":"https:\/\/cimg.co\/wp-content\/uploads\/sites\/23\/2025\/05\/05121228\/1746447148-1746023222-goldbtc.jpg","twitter_creator":"@cryptonews","twitter_site":"@cryptonews","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/cryptonews.com\/cz\/news\/bitcoin-meni-kurz-ztraci-korelaci-s-akciemi-posiluje-vazbu-na-zlato-signalizuje-to-posun-smerem-k-jeho-dlouhodobe-roli-uchovatele-hodnoty\/#article","isPartOf":{"@id":"https:\/\/cryptonews.com\/cz\/news\/bitcoin-meni-kurz-ztraci-korelaci-s-akciemi-posiluje-vazbu-na-zlato-signalizuje-to-posun-smerem-k-jeho-dlouhodobe-roli-uchovatele-hodnoty\/"},"author":{"name":"blechrom","@id":"https:\/\/cryptonews.com\/cz\/#\/schema\/person\/a962c1feaaacddc222fa7d99dd52c638"},"headline":"Bitcoin m\u011bn\u00ed kurz: Ztr\u00e1c\u00ed korelaci s akciemi a posiluje vazbu na zlato &#8211; signalizuje to posun sm\u011brem k jeho roli uchovatele hodnoty?","datePublished":"2025-05-06T15:38:20+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptonews.com\/cz\/news\/bitcoin-meni-kurz-ztraci-korelaci-s-akciemi-posiluje-vazbu-na-zlato-signalizuje-to-posun-smerem-k-jeho-dlouhodobe-roli-uchovatele-hodnoty\/"},"wordCount":1667,"publisher":{"@id":"https:\/\/cryptonews.com\/cz\/#organization"},"image":{"@id":"https:\/\/cryptonews.com\/cz\/news\/bitcoin-meni-kurz-ztraci-korelaci-s-akciemi-posiluje-vazbu-na-zlato-signalizuje-to-posun-smerem-k-jeho-dlouhodobe-roli-uchovatele-hodnoty\/#primaryimage"},"thumbnailUrl":"https:\/\/cimg.co\/wp-content\/uploads\/sites\/23\/2025\/05\/05121228\/1746447148-1746023222-goldbtc.jpg","keywords":["bitcoin","BTC","etf","instituce","NASDAQ","zlato"],"articleSection":["Bitcoin","Novinky"],"inLanguage":"cs-CZ","copyrightYear":"2025","copyrightHolder":{"@id":"https:\/\/cryptonews.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/cryptonews.com\/cz\/news\/bitcoin-meni-kurz-ztraci-korelaci-s-akciemi-posiluje-vazbu-na-zlato-signalizuje-to-posun-smerem-k-jeho-dlouhodobe-roli-uchovatele-hodnoty\/","url":"https:\/\/cryptonews.com\/cz\/news\/bitcoin-meni-kurz-ztraci-korelaci-s-akciemi-posiluje-vazbu-na-zlato-signalizuje-to-posun-smerem-k-jeho-dlouhodobe-roli-uchovatele-hodnoty\/","name":"Bitcoin m\u011bn\u00ed kurz: Ztr\u00e1c\u00ed korelaci s akciemi a posiluje vazbu na zlato - signalizuje to posun sm\u011brem k jeho roli uchovatele hodnoty?","isPartOf":{"@id":"https:\/\/cryptonews.com\/cz\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptonews.com\/cz\/news\/bitcoin-meni-kurz-ztraci-korelaci-s-akciemi-posiluje-vazbu-na-zlato-signalizuje-to-posun-smerem-k-jeho-dlouhodobe-roli-uchovatele-hodnoty\/#primaryimage"},"image":{"@id":"https:\/\/cryptonews.com\/cz\/news\/bitcoin-meni-kurz-ztraci-korelaci-s-akciemi-posiluje-vazbu-na-zlato-signalizuje-to-posun-smerem-k-jeho-dlouhodobe-roli-uchovatele-hodnoty\/#primaryimage"},"thumbnailUrl":"https:\/\/cimg.co\/wp-content\/uploads\/sites\/23\/2025\/05\/05121228\/1746447148-1746023222-goldbtc.jpg","datePublished":"2025-05-06T15:38:20+00:00","description":"Bitcoin se odd\u011blil od americk\u00fdch akciov\u00fdch trh\u016f a za\u010d\u00edn\u00e1 se chovat sp\u00ed\u0161e jako zlato, tedy bezpe\u010dn\u00e9 aktivum, tvrd\u00ed experti.","breadcrumb":{"@id":"https:\/\/cryptonews.com\/cz\/news\/bitcoin-meni-kurz-ztraci-korelaci-s-akciemi-posiluje-vazbu-na-zlato-signalizuje-to-posun-smerem-k-jeho-dlouhodobe-roli-uchovatele-hodnoty\/#breadcrumb"},"inLanguage":"cs-CZ","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptonews.com\/cz\/news\/bitcoin-meni-kurz-ztraci-korelaci-s-akciemi-posiluje-vazbu-na-zlato-signalizuje-to-posun-smerem-k-jeho-dlouhodobe-roli-uchovatele-hodnoty\/"]}],"author":[]},{"@type":"ImageObject","inLanguage":"cs-CZ","@id":"https:\/\/cryptonews.com\/cz\/news\/bitcoin-meni-kurz-ztraci-korelaci-s-akciemi-posiluje-vazbu-na-zlato-signalizuje-to-posun-smerem-k-jeho-dlouhodobe-roli-uchovatele-hodnoty\/#primaryimage","url":"https:\/\/cimg.co\/wp-content\/uploads\/sites\/23\/2025\/05\/05121228\/1746447148-1746023222-goldbtc.jpg","contentUrl":"https:\/\/cimg.co\/wp-content\/uploads\/sites\/23\/2025\/05\/05121228\/1746447148-1746023222-goldbtc.jpg","width":1200,"height":768,"caption":"Bitcoin m\u011bn\u00ed kurz: Ztr\u00e1c\u00ed korelaci s akciemi a posiluje vazbu na zlato - signalizuje to posun sm\u011brem k jeho roli uchovatele hodnoty?"},{"@type":"BreadcrumbList","@id":"https:\/\/cryptonews.com\/cz\/news\/bitcoin-meni-kurz-ztraci-korelaci-s-akciemi-posiluje-vazbu-na-zlato-signalizuje-to-posun-smerem-k-jeho-dlouhodobe-roli-uchovatele-hodnoty\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptonews.com\/cz\/"},{"@type":"ListItem","position":2,"name":"Bitcoin m\u011bn\u00ed kurz: Ztr\u00e1c\u00ed korelaci s akciemi a posiluje vazbu na zlato &#8211; signalizuje to posun sm\u011brem k jeho roli uchovatele hodnoty?"}]},{"@type":"WebSite","@id":"https:\/\/cryptonews.com\/cz\/#website","url":"https:\/\/cryptonews.com\/cz\/","name":"Cryptonews CZ","description":"","publisher":{"@id":"https:\/\/cryptonews.com\/cz\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptonews.com\/cz\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"cs-CZ"},{"@type":"Organization","@id":"https:\/\/cryptonews.com\/cz\/#organization","name":"Cryptonews CZ","url":"https:\/\/cryptonews.com\/cz\/","logo":{"@type":"ImageObject","inLanguage":"cs-CZ","@id":"https:\/\/cryptonews.com\/cz\/#\/schema\/logo\/image\/","url":"https:\/\/cimg.co\/wp-content\/uploads\/sites\/23\/2025\/04\/30103339\/cn_logo.jpg","contentUrl":"https:\/\/cimg.co\/wp-content\/uploads\/sites\/23\/2025\/04\/30103339\/cn_logo.jpg","width":624,"height":180,"caption":"Cryptonews CZ"},"image":{"@id":"https:\/\/cryptonews.com\/cz\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/cryptonews"]}]}},"_links":{"self":[{"href":"https:\/\/cryptonews.com\/cz\/wp-json\/wp\/v2\/posts\/535","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptonews.com\/cz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptonews.com\/cz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptonews.com\/cz\/wp-json\/wp\/v2\/users\/638"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptonews.com\/cz\/wp-json\/wp\/v2\/comments?post=535"}],"version-history":[{"count":4,"href":"https:\/\/cryptonews.com\/cz\/wp-json\/wp\/v2\/posts\/535\/revisions"}],"predecessor-version":[{"id":572,"href":"https:\/\/cryptonews.com\/cz\/wp-json\/wp\/v2\/posts\/535\/revisions\/572"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptonews.com\/cz\/wp-json\/wp\/v2\/media\/542"}],"wp:attachment":[{"href":"https:\/\/cryptonews.com\/cz\/wp-json\/wp\/v2\/media?parent=535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptonews.com\/cz\/wp-json\/wp\/v2\/categories?post=535"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptonews.com\/cz\/wp-json\/wp\/v2\/tags?post=535"},{"taxonomy":"editors","embeddable":true,"href":"https:\/\/cryptonews.com\/cz\/wp-json\/wp\/v2\/editors?post=535"},{"taxonomy":"sponsored_companies","embeddable":true,"href":"https:\/\/cryptonews.com\/cz\/wp-json\/wp\/v2\/sponsored_companies?post=535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}