比特币（BTC）的作用就像科技股一样，其在金融市场中的作用正在发展

比特币（BTC）在金融市场中的作用正在发展。一旦预示着反对经济不确定性的对冲，该资产与科技股一起越来越同意。

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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.

比特币（BTC）在金融市场中的作用正在发展。一旦预示着反对经济不确定性的对冲，该资产与科技股一起越来越同意。

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.

一项新的研究表明，机构采用将比特币的地位从金融避风港转移到更广泛的技术生态系统中的另一个资产。

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

随着它与纳斯达克的增强相关性，投资者可能需要重新评估比特币在其投资组合中的地位。

Bitcoin Acts Like A Tech Stock

比特币的行为就像科技股

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.

根据标准包机（NYSE：Stanr）（OTC：SCPYF），比特币的价格变动现在与纳斯达克（NDAQ：NDAQ）更紧密地联系在一起，而不是像金牌这样的传统套期保值资产。

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

该银行报告说，比特币与纳斯达克的相关性为0.5，今年早些时候达到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月以来，其与黄金的相关性稳步下降，短暂达到零，现在略高于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.

标准宪章的全球数字资产研究负责人杰夫·肯德里克（Geoff Kendrick）表示，比特币的交易模式与短时间内的科技股更加吻合。

“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.

他补充说：“这种相关性提高了机构投资者将比特币视为更广泛的技术投资组合的一部分，而不是仅仅是金融对冲。”

A Tech-Heavy Portfolio With Bitcoin Outperforms

比特币的高科技投资组合胜过

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

为了检查比特币在以技术为导向的投资策略中的潜力，标准特许设计了一种假设的投资组合，称为“ 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.

该模型在众所周知的7组技术股中代替了Tesla（NASDAQ：TSLA）用比特币 - 字母（NASDAQ：GOOGL），亚马逊（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月以来，MAG 7B的表现优于原始宏伟的7个约5％，额外的年度额度额外获得了1％。

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

《标准特许》指出，比特币的价格行动反映了NVIDIA的价格，自特朗普就职以来，这两种资产都在类似的速度下降。

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.

尽管该银行承认比特币对对冲传统金融风险的对冲，但其与科技股的相似之处可以鼓励进一步的机构投资。

Bitcoin’s Hedge Role Is Diminishing

比特币的树篱角色正在减少

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.

投资巨头贝莱德（NYSE：BLK）还建议将比特币在投资组合中分配1-2％，使其与亚马逊和微软等顶级科技股保持一致。

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

贝莱德指出：“尽管高度波动，但较小的分配可以增强投资组合多样性而不会显着增加风险。”

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.

随着机构采用的上升，比特币的价格行为开始与更传统的资产相似，从而减少了其历史性的作用，作为抵抗经济低迷的对冲。

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

尽管如此，一些分析师认为，比特币的基本物业（包括固定供应）继续使其成为投资者持有的宝贵补充。

“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的分析师说：“尽管如此，其独特的特征（例如固定供应）使其成为投资者多元化投资组合中的对冲通货膨胀和货币风险的值得考虑的问题。”

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.

随着比特币与主流金融的融合日益增长的融合，其作用可能会继续发展 - 但是它仍然是树篱还是成为另一种技术股票仍然是一个悬而未决的问题。