{"id":63816,"date":"2026-07-31T07:50:59","date_gmt":"2026-07-31T07:50:59","guid":{"rendered":"https:\/\/crypto-globe.com\/?p=63816"},"modified":"2026-07-31T07:54:48","modified_gmt":"2026-07-31T07:54:48","slug":"bitcoin-ustal-inflacny-test-pce-kleslo-prvykrat-po-rokoch-fed-ale-este-nema-vyhrate","status":"publish","type":"post","link":"https:\/\/crypto-globe.com\/sk\/bitcoin-ustal-inflacny-test-pce-kleslo-prvykrat-po-rokoch-fed-ale-este-nema-vyhrate\/","title":{"rendered":"Bitcoin ust\u00e1l infla\u010dn\u00fd test: PCE kleslo prv\u00fdkr\u00e1t po rokoch, Fed ale e\u0161te nem\u00e1 vyhrat\u00e9!"},"content":{"rendered":"\n

Bitcoin vo \u0161tvrtok ust\u00e1l \u010fal\u0161\u00ed d\u00f4le\u017eit\u00fd makroekonomick\u00fd test a stabilizoval sa okolo \u00farovne 64 700 dol\u00e1rov. \u00da\u013eavu na finan\u010dn\u00e9 trhy prinieslo tak zmierenie v\u00fdpredajov technologick\u00fdch a polovodi\u010dov\u00fdch akci\u00ed, ako predov\u0161etk\u00fdm j\u00fanov\u00e9 \u00fadaje o americkej infl\u00e1cii PCE. Medziro\u010dn\u00e9 tempo tohto ukazovate\u013ea kleslo zo 4,1 % na 3,7 %, priom index zaznamenal svoj v\u00f4bec prv\u00fd medziro\u010dn\u00fd pokles od roku 2020. Napriek tomu, \u017ee smer v\u00fdvoja je pre rizikov\u00e9 akt\u00edva pozit\u00edvny, infl\u00e1cia st\u00e1le v\u00fdrazne presahuje 2% cie\u013e Fedu a zost\u00e1v\u00e1 ot\u00e1zkou, ak\u00fd ve\u013ek\u00fd vplyv bud\u00fa ma\u0165 bud\u00face kroky centr\u00e1lnej banky na samotn\u00fd bitcoin.<\/strong><\/p>\n\n\n\n

Nenechajte si ujs\u0165: MiCA za\u010d\u00edna skuto\u010dne meni\u0165 kryptotrh<\/a><\/h3>\n\n\n\n

Akciov\u00e9 trhy v zelenom a k\u013e\u00fa\u010dov\u00e9 \u010d\u00edsla Fedu<\/h2>\n\n\n\n

Situ\u00e1cia sa po volatilnom za\u010diatku t\u00fd\u017ed\u0148a upokojila nielen na kryptomen\u00e1ch, ale aj na americkom akciovom trhu, kde po\u013eavil predch\u00e1dzaj\u00faci tlak na polovodi\u010dov\u00e9 spolo\u010dnosti. Tento optimizmus nepriamo pomohol bitcoinu vyhn\u00fa\u0165 sa silnej\u0161iemu predajn\u00e9mu tlaku po\u010das americkej obchodnej peri\u00f3dy, zatia\u013e \u010do indexy S&P 500 a Nasdaq Composite v\u00fdrazne posilnili. Pozornos\u0165 investorov sa plne s\u00fastre\u010fovala na index v\u00fddavkov na osobn\u00fa spotrebu (PCE), \u010do je najob\u013e\u00fabenej\u0161ia infla\u010dn\u00e1 metrika americkej centr\u00e1lnej banky. J\u00fan priniesol o\u010dak\u00e1van\u00e9 medziro\u010dn\u00e9 spomalenie na 3,7 %, \u010do po m\u00e1jov\u00fdch 4,1 % znamen\u00e1 pre\u0165atie predch\u00e1dzaj\u00faceho rastov\u00e9ho trendu.<\/strong><\/p>\n\n\n\n

Z\u00e1sadn\u00fdm sign\u00e1lom bol v\u0161ak prv\u00fd medziro\u010dn\u00fd pokles PCE od roku 2020, \u010do sprev\u00e1dzal pokra\u010duj\u00faci rast nomin\u00e1lnych osobn\u00fdch spotrebite\u013esk\u00fdch v\u00fddavkov o 65,2 miliardy dol\u00e1rov. To ukazuje na k\u013e\u00fa\u010dov\u00fd detail \u2013 infl\u00e1cia s\u00edce spomalila, ale americk\u00e1 spotreba nezamrzla. Pre finan\u010dn\u00e9 trhy je t\u00e1to kombin\u00e1cia klesaj\u00facich cenov\u00fdch tlakov a stabilnej ekonomickej aktivity v\u0161eobecne ove\u013ea priaznivej\u0161ou spr\u00e1vou ako prudk\u00fd pokles infl\u00e1cie sp\u00f4soben\u00fd tvrd\u00fdm ochladen\u00edm ekonomiky. <\/p>\n\n\n\n

St\u00e1le v\u0161ak nie je mo\u017en\u00e9 hovori\u0165 o definit\u00edvnom obrate, preto\u017ee s\u00fa\u010dasn\u00e9 tempo zost\u00e1v\u00e1 takmer dvojn\u00e1sobn\u00e9 oproti dlhodob\u00e9mu cie\u013eu centr\u00e1lnej banky a niektor\u00ed ekon\u00f3movia varuj\u00fa, \u017ee Fed<\/a> nem\u00e1 situ\u00e1ciu plne pod kontrolou.<\/p>\n\n\n\n

\u010c\u00edtajte \u010falej: Anycoin recenzia<\/a><\/h3>\n\n\n\n

Nov\u00e1 \u00e9ra bitcoinu a slabn\u00faci vplyv centr\u00e1lnej banky<\/h2>\n\n\n\n

Nov\u00e9 makroekonomick\u00e9 \u00fadaje pri\u0161li len de\u0148 po tom, \u010do Feder\u00e1lny rezervn\u00fd syst\u00e9m ponechal \u00farokov\u00e9 sadzby v p\u00e1sme 3,50 a\u017e 3,75 %, priom vn\u00fatri v\u00fdboru FOMC silnej\u00fa n\u00e1zorov\u00e9 rozdiely na optim\u00e1lne nastavenie menovej politiky. Investi\u010dn\u00fd riadite\u013e spolo\u010dnosti Bitwise<\/a> Matt Hougan v\u0161ak o\u010dak\u00e1va, \u017ee bud\u00face zmeny \u00farokov\u00fdch sadzieb u\u017e nebud\u00fa ma\u0165 na bitcoin tak dramatick\u00fd dopad ako v minulosti. <\/p>\n\n\n\n

Jeho argument vych\u00e1dza z toho, \u017ee trh po divok\u00fdch rokoch pln\u00fdch percentn\u00fdch skokov teraz o\u010dak\u00e1va pohyb v r\u00e1de len 50 b\u00e1zick\u00fdch bodov za cel\u00fd bud\u00faci rok. Ak bud\u00fa \u00fapravy sadzieb skuto\u010dne minim\u00e1lne, jednotliv\u00e9 rozhodnutia Fedu postupne stratia schopnos\u0165 vyvol\u00e1va\u0165 na kryptomenovom trhu tak mas\u00edvnu volatilitu.<\/p>\n\n\n\n

Bitcoin<\/a> navy\u0161e vstupuje do f\u00e1zy, ke\u010f je v\u010faka spotov\u00fdm ETF<\/a>, in\u0161titucion\u00e1lnym investorom a firemn\u00fdm n\u00e1kupom ove\u013ea menej z\u00e1visl\u00fd na samotnom makroekonomickom prostred\u00ed, \u010do pom\u00e1ha tlmi\u0165 vplyv \u00farokov\u00fdch sadzieb. K tomu sa prid\u00e1va o\u010dak\u00e1van\u00fd n\u00e1stup nov\u00e9ho predsedu Fedu Kevina Warsheho, ktor\u00fd by mohol po agres\u00edvnom obdob\u00ed pod Jeromom Powellom prejs\u0165 k opatrnej\u0161iemu \u0161t\u00fdlu \u00fapravy sadzieb po vzore Alana Greenspana. <\/p>\n\n\n\n

Hoci m\u00e4k\u0161ia menov\u00e1 politika m\u00f4\u017ee rizikov\u00e1 akt\u00edva za inak rovnak\u00fdch podmienok podpori\u0165, rozhoduj\u00faci bude re\u00e1lny v\u00fdvoj infl\u00e1cie. Pre bitcoin bude k\u013e\u00fa\u010dov\u00e9, \u010di hlavn\u00fa \u00falohu v ocenen\u00ed definit\u00edvne prevezm\u00fa re\u00e1ln\u00e9 kapit\u00e1lov\u00e9 toky namiesto neust\u00e1leho sledovania ka\u017ed\u00e9ho makroekonomick\u00e9ho \u010d\u00edsla z USA.<\/p>\n\n\n\n

Z rubriky recenzie: crypto4me recenzia<\/a><\/h2>\n","protected":false},"excerpt":{"rendered":"

Bitcoin vo \u0161tvrtok ust\u00e1l \u010fal\u0161\u00ed d\u00f4le\u017eit\u00fd makroekonomick\u00fd test a stabilizoval sa okolo \u00farovne 64 700 dol\u00e1rov. \u00da\u013eavu na finan\u010dn\u00e9 trhy prinieslo tak zmierenie v\u00fdpredajov technologick\u00fdch a polovodi\u010dov\u00fdch akci\u00ed, ako predov\u0161etk\u00fdm j\u00fanov\u00e9 \u00fadaje o americkej infl\u00e1cii PCE. Medziro\u010dn\u00e9 tempo tohto ukazovate\u013ea kleslo zo 4,1 % na 3,7 %, priom index zaznamenal svoj v\u00f4bec prv\u00fd medziro\u010dn\u00fd pokles […]<\/p>\n","protected":false},"author":7,"featured_media":63805,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"yasr_overall_rating":0,"yasr_post_is_review":"","yasr_auto_insert_disabled":"","yasr_review_type":"","footnotes":""},"categories":[15,168],"tags":[97,403,89,240],"class_list":["post-63816","post","type-post","status-publish","format-standard","has-post-thumbnail","category-kryptomeny","category-kryptomeny-sk","tag-bitcoin-sk","tag-fed-7","tag-kryptomeny-sk","tag-usa-4"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t