根據標準包機，比特幣（BTC）現在可以被視為真正的技術股票

根據新的分析，比特幣（BTC）可能不僅僅是反對金融不穩定的對沖 - 現在可以將其視為真正的技術股票。

Standard Chartered researchers have integrated Bitcoin (BTC) into the Magnificent 7 tech stock index, suggesting it enhances returns and minimizes risk compared to the original index.

標準特許研究人員將比特幣（BTC）集成到了宏偉的7科技股指數中，這表明與原始指數相比，它可以提高回報並最小化風險。

The analysis, authored by Geoffrey Kendrick, head of digital assets research at Standard Chartered, focuses on modifying the familiar Magnificent 7 index, typically composed of tech giants like Apple, Microsoft, and Nvidia.

該分析由標準包機數字資產研究負責人杰弗裡·肯德里克（Geoffrey Kendrick）撰寫，重點是修改熟悉的宏偉的7索引，通常由蘋果，微軟和NVIDIA等技術巨頭組成。

The researchers decided to substitute the smallest member of the Magnificent 7, Tesla, with Bitcoin, creating the ‘Mag 7B’ index. Over the period of 2020 to 2024, they found that the modified index consistently outperformed the original Magnificent 7 in terms of return-to-volatility.

研究人員決定用比特幣代替宏偉的7，特斯拉的最小成員，創建“ MAG 7B”指數。在2020年至2024年期間，他們發現修改後的索引在返回揮發性方面始終優於原始宏偉的7。

“We find that our index, ‘Mag 7B’, has both higher returns and lower volatility than Mag 7. This suggests that investors can view BTC as both a hedge against TradFi and as part of their tech allocation,” the researchers stated in a research report.

研究人員在一份研究報告中說：“我們發現我們的指數'MAG 7B'具有比MAG 7更高的回報和更低的波動性。這表明投資者可以將BTC視為對TradFI的對沖，也可以將其視為其技術分配的一部分。”

As Bitcoin's role in global investor portfolios becomes more established, they believe that having more than one use will bring fresh capital inflows to the asset.

隨著比特幣在全球投資者投資組合中的作用變得越來越確定，他們認為擁有多種用途將為資產帶來新的資本流入。

This is especially true as Bitcoin investment becomes more institutionalised. According to the report: “We also note that US-listed Bitcoin futures and ETCs have seen material institutional outflows in recent months, in stark contrast to the sustained inflows into the new spot Bitcoin ETF since its launch in early December.”

隨著比特幣投資變得更加製度化，這尤其如此。根據報告：“我們還指出，近幾個月來，我們上市的比特幣期貨和ETC在近幾個月中看到了物質的機構流出，與自12月初推出以來持續流入的新現場比特幣ETF形成鮮明對比。”

Over the medium term, the researchers see Bitcoin as a hedge against traditional finance (TradFi) issues, such as the March 2023 collapse of Silicon Valley Bank, which they claim had a greater impact on the Magnificent 7 than on the Magnificent 7B index.

在中期，研究人員將比特幣視為對沖傳統金融（TradFI）問題的對沖，例如2023年3月的矽谷銀行崩潰，他們聲稱這對7B指數對宏偉的7產生了更大的影響。

However, over shorter time horizons, they assert that Bitcoin trades very much like the Nasdaq.

但是，在較短的時間範圍內，他們斷言比特幣的交易非常類似於納斯達克。

“It keeps getting battered as the apex currency is now highly correlated to high-growth tech assets, especially over shorter time horizons. In the shorter term, we prefer to look at the Nasdaq as a correlation for Bitcoin, especially given the recent poor performance of the US equity market, which we attribute to anticipation of the April tariff news,” the researchers explained.

“隨著Apex貨幣現在與高增長技術資產的高度相關，尤其是在較短的時間範圍內。在短期內，我們更喜歡將納斯達克視為比特幣的相關性，尤其是鑑於我們最近的美國股票表現不佳，我們將四月的關注新聞預期歸功於研究，我們寧願將納斯達克視為比特幣的相關性，因此，它不斷受到打擊。我們更喜歡將納斯達克視為比特幣的相關性。”

The report highlights that the first quarter of 2025 for the Nasdaq was its worst since the second quarter of 2022, which could benefit Bitcoin disproportionately given its increasing alignment with high-growth tech assets.

該報告強調，自2022年第二季度以來，納斯達克的2025年第一季度是其最糟糕的情況，因為它與高增長技術資產的一致性增加了比特幣。

Moreover, the anticipated relief from April tariff news and broader tech optimism could amplify demand for Bitcoin.

此外，四月關稅新聞和更廣泛的技術樂觀的預期救濟可能會擴大對比特幣的需求。

“I would expect this week to be a good one for Bitcoin and all things crypto. Less bad US tariff news should equal good markets and potentially a market response to the fact that 1Q25 was the worst for the Nasdaq since 2Q22, which should benefit Bitcoin massively as it’s now very much a tech asset,” the researchers conclude.

“我希望本週對比特幣和所有物品都成為一個很好的選擇。美國關稅新聞較不糟糕的市場應該等於良好的市場，並可能對以下事實產生市場回應：自從2q22以來，第1季度是納斯達克股票最糟糕的事實，這應該大大受益於比特幣，因為它現在是非常多的技術資產，”研究人員總結道。

However, Standard Chartered continues to believe that Bitcoin needs a bigger catalyst for a more sustained rally to new highs.

但是，標準特許繼續認為，比特幣需要更大的催化劑，以使其更加持續到新高點。

Kendrick’s analysis signals a growing recognition of Bitcoin’s hybrid nature — both a hedge and a high-beta tech asset — positioning it as a potential long-term fixture in global investment strategies.

肯德里克（Kendrick）的分析表明，人們對比特幣的混合性質（無論是樹籬還是高β技術資產）的認識越來越多，將其定位為全球投資策略中潛在的長期固定裝置。