SuPay

The epidemic has a direct impact on the stagnation of economic activity, the surge of unemployment, the decline of market confidence to the freezing point, and the resulting "red envelope rain" in the world one after another - countries incarnate money printing machines, running at full power to try to rein in the economy running down all the way.
Throwing money is an intuitive and quick way. From the US $1200 check to Japan's 100000 yen cash, from individuals to enterprises, when people have income, they have consumption, and when enterprises have funds, they can operate normally. However, relief cannot save the poor, and the risk of inflation is also rising quietly with the fall of "red envelope rain".
Bitcoin has many similarities with gold in its basic attributes. In fact, Satoshi Nakamoto is a bitcoin designed based on gold, which only transforms it from entity to virtual, from natural mining to logical algorithm generation, and from centralized control to national supervision. Therefore, its complete "decentralization" constitution determines its absolute independence in the crisis and ensures convenience in the process of value storage and transfer.
Due to the current chaotic situation, it is difficult for traditional assets to ensure wealth security, and the hedging demand of the capital market will find a new path. Although "Predators" may not see the value of bitcoin, it does not prevent them from taking out some funds to buy "insurance". But this "small money" is huge money relative to the too-small volume of the coin circle, which is the deep reason why bitcoin broke away from the mainstream and soared to 9500 alone last week.

The impact of COVID-19 on the global economy and the speed and magnitude of the market sell-off caused by it is unprecedented. Although each crisis is triggered by different factors, similar market cycle behavior will occur again. The tactical asset allocation framework of the investment solution team is to find and capture this common behavior. The index balance method we adopt uses data-driven signals and qualitative information, which helps us to be rigorous in the decision-making process and use our previous experience, so as to control different market cycles objectively and discipline. This year's market volatility further highlights the importance of a structured and evidence-based approach and makes us more convinced that in order to correctly assess the evolving market after the epidemic, a flexible and proactive qualitative assessment of high-frequency data is needed.