標準租賃說，比特幣（BTC）仍然只是到華爾街的另一筆交易。

根據《標準特許》，比特幣仍然是華爾街的另一筆交易。它正在與科技股一起分組，並像一筆交易一樣進行交易。

Standard Chartered compares Bitcoin to tech stock in a new Mag 7B index

標準特許將比特幣與新的MAG 7B指數中的科技庫存進行比較

Standard Chartered still sees Bitcoin as another trade for Wall Street, grouping it with tech stocks for another quarter and comparing it with Nvidia and Tesla.

Charted Chartered仍然將比特幣視為華爾街的另一項貿易，將其與Tech Stocks另一個季度分組，並將其與Nvidia和Tesla進行了比較。

The cryptocurrency is being traded like a tech stock, getting picked up when it’s useful and tossed when it’s not. The bank said on Monday that Bitcoin’s correlation with the Nasdaq is now around 0.5, and earlier this year, it went up to 0.8.

加密貨幣的交易就像技術股一樣，當它有用時被撿起並被拋棄。該銀行週一表示，比特幣與納斯達克的相關性現在為0.5左右，今年早些時候，它的相關性達到0.8。

At the same time, its link with gold has collapsed. Since January, that correlation dropped to zero at one point. Now it’s just above 0.2.

同時，它與黃金的聯繫崩潰了。自1月以來，這種相關性在某一時刻下降到零。現在，它剛好超過0.2。

“Bitcoin trading is highly correlated to the Nasdaq over short time horizons,” said Geoff Kendrick, global head of digital assets research at Standard Chartered, in the report.

報告中說：“在短時間內，比特幣交易與納斯達克高度相關。”

“This property suggests that BTC should be viewed as a basket of large-cap tech stocks.”

“該物業表明，應該將BTC視為一籃子大型技術股票。”

He added that if Bitcoin were included in a tech basket, the implication would be more institutional buying as BTC would serve multiple purposes in investor institutions’s.

他補充說，如果將比特幣包括在技術籃中，那麼這意味著更多的機構購買，因為BTC將在投資者機構的多種目的中提供多種目的。

This isn’t new. Wall Street keeps switching how it sees crypto. One month it’s a tech play. The next month it’s a “hedge against the traditional system.” But Kendrick didn’t deny that hedge idea.

這不是新事物。華爾街不斷切換它如何看待加密貨幣。一個月這是一場科技戲。下個月，這是“反對傳統系統的對沖”。但是肯德里克並沒有否認該樹籬的想法。

“In reality, the need for such hedges is very infrequent. Hence, we prefer to view BTC as an asset class that is currently favoured by specific types of investors.”

“實際上，這種對沖的需求很少見。因此，我們希望將BTC視為目前受到特定類型投資者青睞的資產類別。”

Standard Chartered adds Bitcoin to tech stock experiment Mag 7B

標準包機將比特幣添加到技術股票實驗雜誌7B

Meanwhile, Standard Chartered has also made up a new index called the Mag 7B. That one takes the Magnificent 7 tech stocks — Alphabet (GOOGL), Amazon (AMZN), Apple (AAPL), Meta (META), Microsoft (MSFT), Nvidia (NVDA), and Tesla (TSLA) — but kicks Tesla out and adds Bitcoin in its place.

同時，《標準特許》還構成了一個名為MAG 7B的新索引。那一項占用了宏偉的7個科技股-Alphabet（GOOGL），Amazon（AMZN），Apple（AAPL），Meta（Meta），Microsoft（MSFT），NVIDIA（NVDA）和Tesla（TSLA） - 但踢出了Tesla，並在其位置添加了比特幣。

Since December 2017, Mag 7B outperformed the regular Mag 7 by about 5%. That happened in five out of seven calendar years, even though the lead in 2022 was tiny. On average, Mag 7B returned about 1% more per year than Mag 7, Kendrick said. The gains weren’t massive but were consistent.

自2017年12月以來，MAG 7B的表現優於常規MAG 7約5％。儘管2022年的領先優勢很小，但這發生在七個日曆年中的五分之五。肯德里克說，平均而言，MAG 7B每年比MAG 7高約1％。收益不是很大的，但是一致的。

Also, over a longer time period from January 20, when Donald Trump took office again, Bitcoin dropped about 16% and Nvidia fell 12%. Tesla crashed 36%, which is more like ether (ETH) at 38% lower in the same time.

同樣，從1月20日起，唐納德·特朗普再次上任的時間較長，比特幣下降了約16％，而Nvidia下跌了12％。特斯拉墜毀了36％，更像以太（ETH），同時低38％。

“Investors can view Bitcoin both as a hedge against [traditional finance] and as part of their tech allocation,” Kendrick said.

肯德里克說：“投資者可以將比特幣視為反對[傳統金融]的對沖，也可以視為其技術分配的一部分。”

He added that Bitcoin’s role in portfolios is becoming more "pivotal" and this dual purpose might attract more capital, especially now that it’s being adopted more by institutions.

他補充說，比特幣在投資組合中的作用變得越來越“關鍵”，這種雙重目的可能會吸引更多的資本，尤其是現在它被機構採用了更多。

Bitcoin volatility from Trump tariffs

特朗普關稅的比特幣波動

Since Trump started pushing tariffs again, Bitcoin went down around 5% for the year. That’s not surprising, since Bitcoin tends to react to macroeconomic triggers, Standard Chartered said.

自從特朗普再次推出關稅以來，一年中比特幣下降了約5％。 Standard Charter說，這並不奇怪，因為比特幣傾向於對宏觀經濟觸發器做出反應。

The bank noted two specific patterns: Bitcoin usually moves up when money supply (M2) grows, and down when the U.S. dollar index (DXY) rises. Those two relationships are still active.

該銀行指出了兩種特定模式：當貨幣供應（M2）增長時，比特幣通常會上升，而美元指數（DXY）上升時，比特幣會向下移動。這兩個關係仍然活躍。

Traders are now waiting for some relief in Q2, hoping that Bitcoin will bounce as the market gets more clarity on tariffs. But the White House has kept markets guessing.

現在，交易者正在等待第二季度的救濟，希望比特幣會隨著市場對關稅的更加清晰度而反彈。但是白宮一直在猜測。

U.S. stock futures saw minimal changes on Monday, March 24, after a day when major indexes had surges on hopes that Trump would scale back his plans.

經過一天的主要指數興起希望特朗普能夠擴大他的計劃，美國股票期貨在3月24日星期一的變化很小。

The S&P 500 futures and Nasdaq 100 futures were both down 0.1%, while the Dow Jones futures dropped 43 points. That came after gains earlier that day, as reported by The Wall Street Journal. According to their report, the White House may reduce the scope of the upcoming tariffs, which are supposed to go live on April 2.

標準普爾500年期貨和納斯達克100期貨的期貨都下跌了0.1％，道瓊斯期貨期貨下跌43分。正如《華爾街日報》報導的那樣，那天早些時候收穫了。根據他們的報告，白宮可能會減少即將在4月2日上線的關稅範圍。

Those levies are part of Trump’s broader plans to boost domestic manufacturing and decrease the trade deficit. But the tariffs have sparked worries about a trade war with China, and they could hit consumers in the coming months.

這些徵稅是特朗普更廣泛計劃的一部分，以促進國內製造業並減少貿易赤字。但是關稅引發了人們對與中國的貿易戰的擔憂，他們可能會在未來幾個月內襲擊消費者。

The tariffs on goods from China are already at 250% for some product categories. But the administration is preparing to impose another round of tariffs, this time on all remaining imports from China. Those new tariffs could take the total tariffs to more than 500% for some products.

某些產品類別的中國商品關稅已經為250％。但是政府正準備徵收另一輪關稅，這次是從中國剩下的所有進口。這些新的關稅可能會使某些產品的總關稅達到500％以上。

Standard Chartered also noted that, despite the recent volatility in crypto markets, institutions are becoming increasingly interested in investing in digital assets.

Charted Chartered還指出，儘管加密市場最近發生了動盪，但機構對投資數字資產的投資越來越感興趣。

In a separate report, the bank’s analysts said that while they expect more volatility in crypto markets this year, they see a long-term opportunity for institutions to invest in the asset class.

該銀行的分析師在另一份報告中說，儘管他們預計今年的加密貨幣市場上的波動性會有更多，但他們為機構提供了對資產類別投資的長期機會。

“We see opportunities

“我們看到機會