比特幣（BTC）的作用就像科技股一樣，其在金融市場中的作用正在發展

比特幣（BTC）在金融市場中的作用正在發展。一旦預示著反對經濟不確定性的對沖，該資產與科技股一起越來越同意。

Key Takeaways:

關鍵要點：

Bitcoin’s (BTC) role in financial markets is evolving. Once heralded as a hedge against economic uncertainty, the asset is increasingly moving in tandem with tech stocks.

比特幣（BTC）在金融市場中的作用正在發展。一旦預示著反對經濟不確定性的對沖，該資產與科技股一起越來越同意。

A new study suggests that institutional adoption is shifting Bitcoin’s status from a financial safe haven to just another asset in the broader tech ecosystem.

一項新的研究表明，機構採用將比特幣的地位從金融避風港轉移到更廣泛的技術生態系統中的另一個資產。

As its correlation with the Nasdaq strengthens, investors may need to reassess Bitcoin’s place in their portfolios.

隨著它與納斯達克的增強相關性，投資者可能需要重新評估比特幣在其投資組合中的地位。

Bitcoin Acts Like A Tech Stock

比特幣的行為就像科技股

According to Standard Chartered (NYSE:STANR) (OTC:SCPYF), Bitcoin’s price movements are now more closely linked to the Nasdaq (NDAQ:NDAQ) than to traditional hedging assets like gold.

根據標準包機（NYSE：Stanr）（OTC：SCPYF），比特幣的價格變動現在與納斯達克（NDAQ：NDAQ）更緊密地聯繫在一起，而不是像金牌這樣的傳統套期保值資產。

The bank reports that Bitcoin’s correlation with the Nasdaq sits at 0.5, peaking at 0.8 earlier this year.

該銀行報告說，比特幣與納斯達克的相關性為0.5，今年早些時候達到0.8。

By contrast, its correlation with gold has steadily declined since January, briefly hitting zero, and now sits just above 0.2.

相比之下，自1月以來，其與黃金的相關性穩步下降，短暫達到零，現在略高於0.2。

Geoff Kendrick, Standard Chartered’s global head of digital assets research, stated that Bitcoin’s trading patterns align more with tech stocks over short time frames.

標準憲章的全球數字資產研究負責人傑夫·肯德里克（Geoff Kendrick）表示，比特幣的交易模式與短時間內的科技股更加吻合。

“This correlation raises the possibility of institutional investors treating Bitcoin as part of a broader tech portfolio rather than solely as a financial hedge,” he added.

他補充說：“這種相關性提高了機構投資者將比特幣視為更廣泛的技術投資組合的一部分，而不是僅僅是金融對沖。”

A Tech-Heavy Portfolio With Bitcoin Outperforms

比特幣的高科技投資組合勝過

To examine Bitcoin’s potential in a tech-oriented investment strategy, Standard Chartered devised a hypothetical portfolio called “Mag 7B.”

為了檢查比特幣在以技術為導向的投資策略中的潛力，標準特許設計了一種假設的投資組合，稱為“ MAG 7B”。

This model replaces Tesla (NASDAQ:TSLA) with Bitcoin in the well-known Magnificent 7 group of tech stocks – Alphabet (NASDAQ:GOOGL), Amazon (NASDAQ:AMZN), Apple (NASDAQ:AAPL), Meta (NASDAQ:META), Microsoft (NASDAQ:MSFT), Nvidia (NASDAQ:NVDA), and Tesla.

該模型在眾所周知的7組技術股中代替了Tesla（NASDAQ：TSLA）用比特幣 - 字母（NASDAQ：GOOGL），亞馬遜（NASDAQ：AMZN），Apple（NASDAQ：NASDAQ：AAPL），META（NASDAQ：NASDAQ：MECTA），MICROSOFT（NASDAQ：NASDAQ） （NASDAQ：NVDA）和特斯拉。

Since December 2017, Mag 7B has outperformed the original Magnificent 7 by about 5%, delivering an additional 1% in annualized returns.

自2017年12月以來，MAG 7B的表現優於原始宏偉的7個約5％，額外的年度額度額外獲得了1％。

Standard Chartered notes that Bitcoin’s price action mirrors Nvidia’s, with both assets declining at a similar pace since Trump’s inauguration.

《標準特許》指出，比特幣的價格行動反映了NVIDIA的價格，自特朗普就職以來，這兩種資產都在類似的速度下降。

While the bank acknowledges Bitcoin’s potential as a hedge against traditional financial risks, its growing resemblance to tech stocks could encourage further institutional investment.

儘管該銀行承認比特幣對對沖傳統金融風險的對沖，但其與科技股的相似之處可以鼓勵進一步的機構投資。

Bitcoin’s Hedge Role Is Diminishing

比特幣的樹籬角色正在減少

Investment giant BlackRock (NYSE:BLK) has also recommended a 1-2% allocation of Bitcoin in portfolios, placing it in line with top tech stocks such as Amazon and Microsoft.

投資巨頭貝萊德（NYSE：BLK）還建議將比特幣在投資組合中分配1-2％，使其與亞馬遜和微軟等頂級科技股保持一致。

“Though highly volatile, a small allocation can enhance portfolio diversification without significantly increasing risk,” BlackRock noted.

貝萊德指出：“儘管高度波動，但較小的分配可以增強投資組合多樣性而不會顯著增加風險。”

As institutional adoption rises, Bitcoin’s price behavior is beginning to resemble that of more traditional assets, diminishing its historic role as a hedge against economic downturns.

隨著機構採用的上升，比特幣的價格行為開始與更傳統的資產相似，從而減少了其歷史性的作用，作為抵抗經濟低迷的對沖。

Still, some analysts argue that Bitcoin’s fundamental properties – including its fixed supply – continue to make it a valuable addition to investors’ holdings.

儘管如此，一些分析師認為，比特幣的基本物業（包括固定供應）繼續使其成為投資者持有的寶貴補充。

“Nevertheless, its unique characteristics, such as its fixed supply, make it a worthwhile consideration for hedging inflation and currency risks in an investor’s diversified portfolio,” said analysts at OneSafe.

Onesafe的分析師說：“儘管如此，其獨特的特徵（例如固定供應）使其成為投資者多元化投資組合中的對沖通貨膨脹和貨幣風險的值得考慮的問題。”

With Bitcoin’s growing integration into mainstream finance, its role may continue to evolve – but whether it remains a hedge or becomes just another tech stock remains an open question.

隨著比特幣與主流金融的融合日益增長的融合，其作用可能會繼續發展 - 但是它仍然是樹籬還是成為另一種技術股票仍然是一個懸而未決的問題。