比特幣（BTC）正在發展為合法的科技股：標準包機

比特幣（BTC）越來越多地被視為防止金融動蕩的避風港。現在它可能正在發展為合法的科技股

Bitcoin (BTC) is increasingly being seen as more than just a safe haven against financial turbulence; it may now be evolving into a legitimate tech stock, according to Geoffrey Kendrick, the head of digital assets research at Standard Chartered.

比特幣（BTC）越來越多地被視為防止金融動蕩的避風港。 Standard Chartered數字資產研究負責人Geoffrey Kendrick表示，現在它可能正在發展成為合法的科技股。

In a detailed analysis released on March 24, Kendrick signaled a shift in the perception of Bitcoin by proposing its inclusion in the “Magnificent 7” tech stock index, traditionally comprised of major technology companies like Apple and Microsoft. This reconfiguration, he argues, could potentially boost the index’s returns.

在3月24日發布的詳細分析中，肯德里克（Kendrick）提出將其包含在“ Magnificent 7”技術股票指數中，這表明比特幣的感知發生了變化，傳統上是由蘋果和微軟等主要技術公司組成的。他認為，這種重新配置有可能提高指數的回報。

To test this hypothesis, Kendrick’s team substituted Tesla, the smallest member of the original “Magnificent 7,” with Bitcoin, forging what they termed the “Mag 7B” index. The new index displayed consistently higher returns with lower volatility from 2020 through 2024 compared to the traditional group, according to the research.

為了檢驗這一假設，肯德里克（Kendrick）的團隊用比特幣代替了原始“宏偉7”的最小成員特斯拉（Tesla），偽造了他們所謂的“ MAG 7B”指數。根據這項研究，與傳統群體相比，新指數始終顯示出較高的回報，從2020年到2024年的波動性較低。

Kendrick’s findings suggested that Bitcoin could serve as both a hedge against traditional financial systems and a part of a diversified tech portfolio, highlighting a dual role for the cryptocurrency in investment strategies.

肯德里克（Kendrick）的調查結果表明，比特幣既可以作為對沖傳統金融系統的對沖，又可以作為多元化的科技投資組合的一部分，強調了加密貨幣在投資策略中的雙重作用。

As Bitcoin becomes more integrated into institutional portfolios, Kendrick believes that its increasing institutional acceptance—especially after the approval of Bitcoin ETFs in the U.S.—will make it a more mainstream asset. He emphasized that Bitcoin’s evolving role in global investments strengthens the case for it being viewed as a significant risk asset, with more fresh capital likely to pour in.

隨著比特幣變得更加融合到機構投資組合中，肯德里克（Kendrick）認為，它的機構接受程度不斷增加，尤其是在美國的比特幣ETF批准後，它將使其成為更具主流的資產。他強調，比特幣在全球投資中的不斷發展的作用加強了案例，因為它被視為重要的風險資產，而新鮮資本可能會湧入。

While Kendrick still sees Bitcoin as a hedge against the risks of traditional finance in the medium term—citing the 2023 collapse of Silicon Valley Bank as a key instance—he acknowledged that in the short term, Bitcoin’s price movements are closely linked to the performance of high-growth tech stocks, especially those in the Nasdaq. This correlation could see Bitcoin benefit disproportionately if tech stocks, including the Nasdaq, experience a rebound.

儘管肯德里克（Kendrick）仍然將比特幣視為對中期中傳統金融風險的對沖，這是矽谷銀行（Silicon Valley Bank）的2023年崩潰是一個關鍵情況 - 他承認，在短期內，比特幣的價格變動與高增長技術股票的性能緊密相關，尤其是在Nasdaq中的高級技術股票。如果包括納斯達克股票（包括納斯達克）的科技股會帶來反彈，則這種相關性可能會使比特幣受益不成比例。

Kendrick anticipates that news about US tariffs could spur positive market movements, potentially lifting both the Nasdaq and Bitcoin. As the Nasdaq has recently faced a tough quarter, a recovery could be a catalyst for Bitcoin to see upward momentum, with targets like $90,000 now in focus. However, Kendrick pointed out that for a more sustained rally, Bitcoin still requires a more substantial catalyst.

肯德里克（Kendrick）預計，有關美國關稅的消息可能會刺激積極的市場變動，並有可能提升納斯達克和比特幣。由於納斯達克最近面臨著一個艱難的季度，因此恢復可能是比特幣看到向上勢頭的催化劑，現在的目標是90,000美元。但是，肯德里克（Kendrick）指出，對於更持續的集會，比特幣仍然需要更實質性的催化劑。

This analysis highlights Bitcoin’s growing dual nature as both a hedge and a tech asset. As its role continues to solidify within institutional portfolios, Kendrick suggests that Bitcoin could become a permanent fixture in global investment strategies, appealing to investors seeking both growth and stability.

該分析強調了比特幣的日益增長的雙重性質，既是對沖和技術資產。隨著其在機構投資組合中的作用繼續鞏固，肯德里克（Kendrick）認為，比特幣可以成為全球投資策略的永久性，吸引了尋求增長和穩定性的投資者。