根据标准包机，比特币（BTC）现在可以被视为真正的技术股票

根据新的分析，比特币（BTC）可能不仅仅是反对金融不稳定的对冲 - 现在可以将其视为真正的技术股票。

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.

标准特许研究人员将比特币（BTC）集成到了宏伟的7科技股指数中，这表明与原始指数相比，它可以提高回报并最小化风险。

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.

该分析由标准包机数字资产研究负责人杰弗里·肯德里克（Geoffrey Kendrick）撰写，重点是修改熟悉的宏伟的7索引，通常由苹果，微软和NVIDIA等技术巨头组成。

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.

研究人员决定用比特币代替宏伟的7，特斯拉的最小成员，创建“ MAG 7B”指数。在2020年至2024年期间，他们发现修改后的索引在返回挥发性方面始终优于原始宏伟的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.

研究人员在一份研究报告中说：“我们发现我们的指数'MAG 7B'具有比MAG 7更高的回报和更低的波动性。这表明投资者可以将BTC视为对TradFI的对冲，也可以将其视为其技术分配的一部分。”

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.

随着比特币在全球投资者投资组合中的作用变得越来越确定，他们认为拥有多种用途将为资产带来新的资本流入。

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.”

随着比特币投资变得更加制度化，这尤其如此。根据报告：“我们还指出，近几个月来，我们上市的比特币期货和ETC在近几个月中看到了物质的机构流出，与自12月初推出以来持续流入的新现场比特币ETF形成鲜明对比。”

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，研究人员将比特币视为对冲传统金融（TradFI）问题的对冲，例如2023年3月的硅谷银行崩溃，他们声称这对7B指数对宏伟的7产生了更大的影响。

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

但是，在较短的时间范围内，他们断言比特币的交易非常类似于纳斯达克。

“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.

“随着Apex货币现在与高增长技术资产的高度相关，尤其是在较短的时间范围内。在短期内，我们更喜欢将纳斯达克视为比特币的相关性，尤其是鉴于我们最近的美国股票表现不佳，我们将四月的关注新闻预期归功于研究，我们宁愿将纳斯达克视为比特币的相关性，因此，它不断受到打击。我们更喜欢将纳斯达克视为比特币的相关性。”

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.

该报告强调，自2022年第二季度以来，纳斯达克的2025年第一季度是其最糟糕的情况，因为它与高增长技术资产的一致性增加了比特币。

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

此外，四月关税新闻和更广泛的技术乐观的预期救济可能会扩大对比特币的需求。

“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.

“我希望本周对比特币和所有物品都成为一个很好的选择。美国关税新闻较不糟糕的市场应该等于良好的市场，并可能对以下事实产生市场回应：自从2q22以来，第1季度是纳斯达克股票最糟糕的事实，这应该大大受益于比特币，因为它现在是非常多的技术资产，”研究人员总结道。

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

但是，标准特许继续认为，比特币需要更大的催化剂，以使其更加持续到新高点。

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，人们对比特币的混合性质（无论是树篱还是高β技术资产）的认识越来越多，将其定位为全球投资策略中潜在的长期固定装置。