比特币（BTC）正在发展为合法的科技股：标准包机

比特币（BTC）越来越多地被视为防止金融动荡的避风港。现在它可能正在发展为合法的科技股

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.

比特币（BTC）越来越多地被视为防止金融动荡的避风港。 Standard Chartered数字资产研究负责人Geoffrey Kendrick表示，现在它可能正在发展成为合法的科技股。

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日发布的详细分析中，肯德里克（Kendrick）提出将其包含在“ Magnificent 7”技术股票指数中，这表明比特币的感知发生了变化，传统上是由苹果和微软等主要技术公司组成的。他认为，这种重新配置有可能提高指数的回报。

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.

为了检验这一假设，肯德里克（Kendrick）的团队用比特币代替了原始“宏伟7”的最小成员特斯拉（Tesla），伪造了他们所谓的“ MAG 7B”指数。根据这项研究，与传统群体相比，新指数始终显示出较高的回报，从2020年到2024年的波动性较低。

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）的调查结果表明，比特币既可以作为对冲传统金融系统的对冲，又可以作为多元化的科技投资组合的一部分，强调了加密货币在投资策略中的双重作用。

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.

随着比特币变得更加融合到机构投资组合中，肯德里克（Kendrick）认为，它的机构接受程度不断增加，尤其是在美国的比特币ETF批准后，它将使其成为更具主流的资产。他强调，比特币在全球投资中的不断发展的作用加强了案例，因为它被视为重要的风险资产，而新鲜资本可能会涌入。

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.

尽管肯德里克（Kendrick）仍然将比特币视为对中期中传统金融风险的对冲，这是硅谷银行（Silicon Valley Bank）的2023年崩溃是一个关键情况 - 他承认，在短期内，比特币的价格变动与高增长技术股票的性能紧密相关，尤其是在Nasdaq中的高级技术股票。如果包括纳斯达克股票（包括纳斯达克）的科技股会带来反弹，则这种相关性可能会使比特币受益不成比例。

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）预计，有关美国关税的消息可能会刺激积极的市场变动，并有可能提升纳斯达克和比特币。由于纳斯达克最近面临着一个艰难的季度，因此恢复可能是比特币看到向上势头的催化剂，现在的目标是90,000美元。但是，肯德里克（Kendrick）指出，对于更持续的集会，比特币仍然需要更实质性的催化剂。

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.

该分析强调了比特币的日益增长的双重性质，既是对冲和技术资产。随着其在机构投资组合中的作用继续巩固，肯德里克（Kendrick）认为，比特币可以成为全球投资策略的永久性，吸引了寻求增长和稳定性的投资者。