{"id":54233,"date":"2025-10-15T11:55:34","date_gmt":"2025-10-15T11:55:34","guid":{"rendered":"https:\/\/thecryptocurrencypost.net\/es\/?p=54233"},"modified":"2026-05-30T09:49:08","modified_gmt":"2026-05-30T07:49:08","slug":"evy-hambro-blackrock-el-oro-no-esta-caro-por-poder-adquisitivo-y-apunta-a-una-revaluacion-estructural","status":"publish","type":"post","link":"https:\/\/thecryptocurrencypost.net\/es\/evy-hambro-blackrock-el-oro-no-esta-caro-por-poder-adquisitivo-y-apunta-a-una-revaluacion-estructural\/","title":{"rendered":"Evy Hambro de BlackRock afirma que el oro todav\u00eda no alcanz\u00f3 su m\u00e1ximo potencial"},"content":{"rendered":"<p><strong>Evy Hambro, jefe mundial de inversi\u00f3n tem\u00e1tica y sectorial en BlackRock, sostiene que el oro no est\u00e1 caro si se mide por lo que puede comprar una onza hoy<\/strong>. Su enfoque compara el poder adquisitivo actual de una onza con el de d\u00e9cadas pasadas, y gu\u00eda cu\u00e1nto se destina a activos reales y c\u00f3mo se valora una minera. <strong>La tesis sugiere que el mercado a\u00fan no refleja plenamente la funci\u00f3n hist\u00f3rica del metal como reserva de valor<\/strong>.<\/p>\n<p><!--more--><\/p>\n<p><strong>Hambro sostiene que la \u201cprueba de poder adquisitivo\u201d muestra que el oro mantiene valor frente a ciertos bienes cotidianos<\/strong>, aunque no frente a coches o casas, por lo que su cotizaci\u00f3n a\u00fan no recoge del todo su rol hist\u00f3rico de reserva. Esta comparaci\u00f3n de lo que compra una onza hoy frente a lo que compraba hace d\u00e9cadas es la base de su an\u00e1lisis y de sus decisiones sobre asignaci\u00f3n a activos reales y valoraci\u00f3n de mineras de <a href=\"https:\/\/thecryptocurrencypost.net\/es\/blackrock-casi-100000-millones-de-dolares-en-bitcoin-y-el-objetivo-real-que-persigue-segun-jina\/\" target=\"_blank\" rel=\"noopener\">Blackrock.<\/a><\/p>\n<p><strong>La p\u00e9rdida de poder de las monedas tras d\u00e9cadas de emisi\u00f3n sin freno impulsa una \u201crevaluaci\u00f3n estructural\u201d del oro<\/strong>. Como ejemplos, <a href=\"https:\/\/www.bloomberg.com\/news\/videos\/2025-10-14\/gold-could-go-a-lot-higher-says-blackrock-s-hambro-video\" target=\"_blank\" rel=\"noopener noreferrer\">Hambro se\u00f1ala que pa\u00edses con inflaci\u00f3n alta recurren al metal<\/a> y que se acelera la desdolarizaci\u00f3n, reforzando la demanda estructural.<\/p>\n<h2>Implicaciones para mineras y carteras<\/h2>\n<p><strong>Aunque las mineras han subido \u2014Newmont gana ~140% en 2025\u2014, siguen baratas si se cree que el oro se mantendr\u00e1 alto<\/strong>. Hambro subraya la brecha entre supuestos y realidad: <strong>los modelos de analistas se basan en 2.200 &#8211; 2.400 $\/oz, mientras el spot supera 4.000 $\/oz<\/strong>, \u201cuna diferencia enorme, enorme\u201d, que, de cerrarse, alterar\u00eda de forma relevante las valoraciones.<\/p>\n<p><strong>Si el precio se sostiene, las firmas ganar\u00e1n \u201cmucho m\u00e1s de lo previsto\u201d en 12 &#8211; 24 meses<\/strong>, lo que obligar\u00eda a rehacer proyecciones de flujo de caja y NAV, con impacto directo en los activos bajo gesti\u00f3n. En paralelo, <strong>el oro refuerza su papel de seguro contra la depreciaci\u00f3n monetaria y altera la mezcla de activos<\/strong> al reequilibrar riesgos en las carteras.<\/p>\n<p><strong>Las monedas digitales y las <a href=\"https:\/\/thecryptocurrencypost.net\/es\/tag\/stablecoins\/\">stablecoins<\/a> actuar\u00e1n como v\u00edas de \u201crepresi\u00f3n financiera\u201d<\/strong>, un punto clave para compliance y custodia, seg\u00fan Hambro. <strong>Respecto a cripto, ve a Bitcoin como \u201coro digital\u201d, pero recuerda su volatilidad frente a la confianza centenaria del metal<\/strong>, lo que condiciona el perfil de riesgo y su encaje en la asignaci\u00f3n.<\/p>\n<p><strong>La tesis se probar\u00e1 en los pr\u00f3ximos 12 &#8211; 24 meses<\/strong>, un plazo en el que BlackRock anticipa resultados \u201cabsolutamente fabulosos\u201d en las mineras si el entorno del oro persiste, consolidando el papel del metal y revalorizando al sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Evy Hambro, jefe mundial de inversi\u00f3n tem\u00e1tica y sectorial en BlackRock, sostiene que el oro no est\u00e1 caro si se mide por lo que puede comprar una onza hoy. Su enfoque compara el poder adquisitivo actual de una onza con el de d\u00e9cadas pasadas, y gu\u00eda cu\u00e1nto se destina a activos reales y c\u00f3mo se [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":54232,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[80,33],"tags":[330,140,1297,188,1298,984],"class_list":["post-54233","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-companias","category-editors-picks","tag-blackrock","tag-criptomonedas","tag-evy-hambro","tag-mercado","tag-newmont","tag-oro"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Evy Hambro de BlackRock afirma que el oro todav\u00eda no alcanz\u00f3 su m\u00e1ximo potencial The CryptoCurrency Post ESP<\/title>\n<meta name=\"description\" content=\"Evy Hambro, jefe mundial de inversi\u00f3n tem\u00e1tica y sectorial en BlackRock\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thecryptocurrencypost.net\/es\/evy-hambro-blackrock-el-oro-no-esta-caro-por-poder-adquisitivo-y-apunta-a-una-revaluacion-estructural\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Evy Hambro de BlackRock afirma que el oro todav\u00eda no alcanz\u00f3 su m\u00e1ximo potencial The CryptoCurrency Post ESP\" \/>\n<meta property=\"og:description\" content=\"Evy Hambro, jefe mundial de inversi\u00f3n tem\u00e1tica y sectorial en BlackRock\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thecryptocurrencypost.net\/es\/evy-hambro-blackrock-el-oro-no-esta-caro-por-poder-adquisitivo-y-apunta-a-una-revaluacion-estructural\/\" \/>\n<meta property=\"og:site_name\" content=\"The CryptoCurrency Post ESP\" \/>\n<meta property=\"article:published_time\" content=\"2025-10-15T11:55:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-05-30T07:49:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/thecryptocurrencypost.net\/es\/wp-content\/uploads\/sites\/2\/2025\/10\/oro-poder-adquisitivo-blockchain-inversiones.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mason Clarke\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Escrito por\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mason Clarke\" \/>\n\t<meta name=\"twitter:label2\" content=\"Tiempo de lectura\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutos\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Evy Hambro de BlackRock afirma que el oro todav\u00eda no alcanz\u00f3 su m\u00e1ximo potencial The CryptoCurrency Post ESP","description":"Evy Hambro, jefe mundial de inversi\u00f3n tem\u00e1tica y sectorial en BlackRock","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:\/\/thecryptocurrencypost.net\/es\/evy-hambro-blackrock-el-oro-no-esta-caro-por-poder-adquisitivo-y-apunta-a-una-revaluacion-estructural\/","og_locale":"es_ES","og_type":"article","og_title":"Evy Hambro de BlackRock afirma que el oro todav\u00eda no alcanz\u00f3 su m\u00e1ximo potencial The CryptoCurrency Post ESP","og_description":"Evy Hambro, jefe mundial de inversi\u00f3n tem\u00e1tica y sectorial en BlackRock","og_url":"https:\/\/thecryptocurrencypost.net\/es\/evy-hambro-blackrock-el-oro-no-esta-caro-por-poder-adquisitivo-y-apunta-a-una-revaluacion-estructural\/","og_site_name":"The CryptoCurrency Post ESP","article_published_time":"2025-10-15T11:55:34+00:00","article_modified_time":"2026-05-30T07:49:08+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/thecryptocurrencypost.net\/es\/wp-content\/uploads\/sites\/2\/2025\/10\/oro-poder-adquisitivo-blockchain-inversiones.jpg","type":"image\/jpeg"}],"author":"Mason Clarke","twitter_card":"summary_large_image","twitter_misc":{"Escrito por":"Mason Clarke","Tiempo de lectura":"3 minutos"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/thecryptocurrencypost.net\/es\/evy-hambro-blackrock-el-oro-no-esta-caro-por-poder-adquisitivo-y-apunta-a-una-revaluacion-estructural\/#article","isPartOf":{"@id":"https:\/\/thecryptocurrencypost.net\/es\/evy-hambro-blackrock-el-oro-no-esta-caro-por-poder-adquisitivo-y-apunta-a-una-revaluacion-estructural\/"},"author":{"name":"Mason Clarke","@id":"https:\/\/thecryptocurrencypost.net\/es\/#\/schema\/person\/f586cda0ce414930f54dec364b7dc81a"},"headline":"Evy Hambro de BlackRock afirma que el oro todav\u00eda no alcanz\u00f3 su m\u00e1ximo potencial","datePublished":"2025-10-15T11:55:34+00:00","dateModified":"2026-05-30T07:49:08+00:00","mainEntityOfPage":{"@id":"https:\/\/thecryptocurrencypost.net\/es\/evy-hambro-blackrock-el-oro-no-esta-caro-por-poder-adquisitivo-y-apunta-a-una-revaluacion-estructural\/"},"wordCount":460,"publisher":{"@id":"https:\/\/thecryptocurrencypost.net\/es\/#organization"},"image":{"@id":"https:\/\/thecryptocurrencypost.net\/es\/evy-hambro-blackrock-el-oro-no-esta-caro-por-poder-adquisitivo-y-apunta-a-una-revaluacion-estructural\/#primaryimage"},"thumbnailUrl":"https:\/\/thecryptocurrencypost.net\/es\/wp-content\/uploads\/sites\/2\/2025\/10\/oro-poder-adquisitivo-blockchain-inversiones.jpg","keywords":["BlackRock","criptomonedas","evy hambro","Mercado cripto","newmont","oro"],"articleSection":["Compa\u00f1\u00edas","Editor's Picks"],"inLanguage":"es"},{"@type":"WebPage","@id":"https:\/\/thecryptocurrencypost.net\/es\/evy-hambro-blackrock-el-oro-no-esta-caro-por-poder-adquisitivo-y-apunta-a-una-revaluacion-estructural\/","url":"https:\/\/thecryptocurrencypost.net\/es\/evy-hambro-blackrock-el-oro-no-esta-caro-por-poder-adquisitivo-y-apunta-a-una-revaluacion-estructural\/","name":"Evy Hambro de BlackRock afirma que el oro todav\u00eda no alcanz\u00f3 su m\u00e1ximo potencial The CryptoCurrency Post ESP","isPartOf":{"@id":"https:\/\/thecryptocurrencypost.net\/es\/#website"},"primaryImageOfPage":{"@id":"https:\/\/thecryptocurrencypost.net\/es\/evy-hambro-blackrock-el-oro-no-esta-caro-por-poder-adquisitivo-y-apunta-a-una-revaluacion-estructural\/#primaryimage"},"image":{"@id":"https:\/\/thecryptocurrencypost.net\/es\/evy-hambro-blackrock-el-oro-no-esta-caro-por-poder-adquisitivo-y-apunta-a-una-revaluacion-estructural\/#primaryimage"},"thumbnailUrl":"https:\/\/thecryptocurrencypost.net\/es\/wp-content\/uploads\/sites\/2\/2025\/10\/oro-poder-adquisitivo-blockchain-inversiones.jpg","datePublished":"2025-10-15T11:55:34+00:00","dateModified":"2026-05-30T07:49:08+00:00","description":"Evy Hambro, jefe mundial de inversi\u00f3n tem\u00e1tica y sectorial en BlackRock","breadcrumb":{"@id":"https:\/\/thecryptocurrencypost.net\/es\/evy-hambro-blackrock-el-oro-no-esta-caro-por-poder-adquisitivo-y-apunta-a-una-revaluacion-estructural\/#breadcrumb"},"inLanguage":"es","potentialAction":[{"@type":"ReadAction","target":["https:\/\/thecryptocurrencypost.net\/es\/evy-hambro-blackrock-el-oro-no-esta-caro-por-poder-adquisitivo-y-apunta-a-una-revaluacion-estructural\/"]}]},{"@type":"ImageObject","inLanguage":"es","@id":"https:\/\/thecryptocurrencypost.net\/es\/evy-hambro-blackrock-el-oro-no-esta-caro-por-poder-adquisitivo-y-apunta-a-una-revaluacion-estructural\/#primaryimage","url":"https:\/\/thecryptocurrencypost.net\/es\/wp-content\/uploads\/sites\/2\/2025\/10\/oro-poder-adquisitivo-blockchain-inversiones.jpg","contentUrl":"https:\/\/thecryptocurrencypost.net\/es\/wp-content\/uploads\/sites\/2\/2025\/10\/oro-poder-adquisitivo-blockchain-inversiones.jpg","width":1280,"height":720,"caption":"Analista financiero de traje coloca una barra de oro junto a una red blockchain luminosa, valorando poder adquisitivo y soberan\u00eda cripto."},{"@type":"BreadcrumbList","@id":"https:\/\/thecryptocurrencypost.net\/es\/evy-hambro-blackrock-el-oro-no-esta-caro-por-poder-adquisitivo-y-apunta-a-una-revaluacion-estructural\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Noticias Criptomonedas","item":"https:\/\/thecryptocurrencypost.net\/es\/"},{"@type":"ListItem","position":2,"name":"Evy Hambro de BlackRock afirma que el oro todav\u00eda no alcanz\u00f3 su m\u00e1ximo potencial"}]},{"@type":"WebSite","@id":"https:\/\/thecryptocurrencypost.net\/es\/#website","url":"https:\/\/thecryptocurrencypost.net\/es\/","name":"The CryptoCurrency Post ESP","description":"Crypto News","publisher":{"@id":"https:\/\/thecryptocurrencypost.net\/es\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/thecryptocurrencypost.net\/es\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"es"},{"@type":"Organization","@id":"https:\/\/thecryptocurrencypost.net\/es\/#organization","name":"The CryptoCurrency Post ESP","url":"https:\/\/thecryptocurrencypost.net\/es\/","logo":{"@type":"ImageObject","inLanguage":"es","@id":"https:\/\/thecryptocurrencypost.net\/es\/#\/schema\/logo\/image\/","url":"https:\/\/thecryptocurrencypost.net\/es\/wp-content\/uploads\/sites\/2\/2026\/05\/TCP-favicon-dev.png","contentUrl":"https:\/\/thecryptocurrencypost.net\/es\/wp-content\/uploads\/sites\/2\/2026\/05\/TCP-favicon-dev.png","width":280,"height":280,"caption":"The CryptoCurrency Post ESP"},"image":{"@id":"https:\/\/thecryptocurrencypost.net\/es\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/thecryptocurrencypost.net\/es\/#\/schema\/person\/f586cda0ce414930f54dec364b7dc81a","name":"Mason Clarke","image":{"@type":"ImageObject","inLanguage":"es","@id":"https:\/\/secure.gravatar.com\/avatar\/4dda030ca2e878d0be308c6c624ea7fceb8f88526ba0bbdbdcaaee8b9a5c9163?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/4dda030ca2e878d0be308c6c624ea7fceb8f88526ba0bbdbdcaaee8b9a5c9163?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/4dda030ca2e878d0be308c6c624ea7fceb8f88526ba0bbdbdcaaee8b9a5c9163?s=96&d=mm&r=g","caption":"Mason Clarke"},"description":"Mason covers the intersection of Web3 and Decentralized Finance (DeFi), with a focus on protocol growth and practical application. His work explores how DeFi mechanisms and Web3 integrations are being used in the real world, moving beyond theoretical concepts to highlight ecosystem maturity. He also provides essential context on market activity and regulatory challenges unique to decentralized systems.","url":"https:\/\/thecryptocurrencypost.net\/es\/author\/mason\/"}]}},"_links":{"self":[{"href":"https:\/\/thecryptocurrencypost.net\/es\/wp-json\/wp\/v2\/posts\/54233","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thecryptocurrencypost.net\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thecryptocurrencypost.net\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thecryptocurrencypost.net\/es\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/thecryptocurrencypost.net\/es\/wp-json\/wp\/v2\/comments?post=54233"}],"version-history":[{"count":1,"href":"https:\/\/thecryptocurrencypost.net\/es\/wp-json\/wp\/v2\/posts\/54233\/revisions"}],"predecessor-version":[{"id":67386,"href":"https:\/\/thecryptocurrencypost.net\/es\/wp-json\/wp\/v2\/posts\/54233\/revisions\/67386"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thecryptocurrencypost.net\/es\/wp-json\/wp\/v2\/media\/54232"}],"wp:attachment":[{"href":"https:\/\/thecryptocurrencypost.net\/es\/wp-json\/wp\/v2\/media?parent=54233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thecryptocurrencypost.net\/es\/wp-json\/wp\/v2\/categories?post=54233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thecryptocurrencypost.net\/es\/wp-json\/wp\/v2\/tags?post=54233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}