标准租赁说，比特币（BTC）仍然只是到华尔街的另一笔交易。

根据《标准特许》，比特币仍然是华尔街的另一笔交易。它正在与科技股一起分组，并像一笔交易一样进行交易。

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

标准特许将比特币与新的MAG 7B指数中的科技库存进行比较

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仍然将比特币视为华尔街的另一项贸易，将其与Tech Stocks另一个季度分组，并将其与Nvidia和Tesla进行了比较。

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.

加密货币的交易就像技术股一样，当它有用时被捡起并被抛弃。该银行周一表示，比特币与纳斯达克的相关性现在为0.5左右，今年早些时候，它的相关性达到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.

同时，它与黄金的联系崩溃了。自1月以来，这种相关性在某一时刻下降到零。现在，它刚好超过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.

报告中说：“在短时间内，比特币交易与纳斯达克高度相关。”

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

“该物业表明，应该将BTC视为一篮子大型技术股票。”

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.

他补充说，如果将比特币包括在技术篮中，那么这意味着更多的机构购买，因为BTC将在投资者机构的多种目的中提供多种目的。

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.

这不是新事物。华尔街不断切换它如何看待加密货币。一个月这是一场科技戏。下个月，这是“反对传统系统的对冲”。但是肯德里克并没有否认该树篱的想法。

“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.”

“实际上，这种对冲的需求很少见。因此，我们希望将BTC视为目前受到特定类型投资者青睐的资产类别。”

Standard Chartered adds Bitcoin to tech stock experiment Mag 7B

标准包机将比特币添加到技术股票实验杂志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.

同时，《标准特许》还构成了一个名为MAG 7B的新索引。那一项占用了宏伟的7个科技股-Alphabet（GOOGL），Amazon（AMZN），Apple（AAPL），Meta（Meta），Microsoft（MSFT），NVIDIA（NVDA）和Tesla（TSLA） - 但踢出了Tesla，并在其位置添加了比特币。

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月以来，MAG 7B的表现优于常规MAG 7约5％。尽管2022年的领先优势很小，但这发生在七个日历年中的五分之五。肯德里克说，平均而言，MAG 7B每年比MAG 7高约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.

同样，从1月20日起，唐纳德·特朗普再次上任的时间较长，比特币下降了约16％，而Nvidia下跌了12％。特斯拉坠毁了36％，更像以太（ETH），同时低38％。

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

肯德里克说：“投资者可以将比特币视为反对[传统金融]的对冲，也可以视为其技术分配的一部分。”

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.

他补充说，比特币在投资组合中的作用变得越来越“关键”，这种双重目的可能会吸引更多的资本，尤其是现在它被机构采用了更多。

Bitcoin volatility from Trump tariffs

特朗普关税的比特币波动

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.

自从特朗普再次推出关税以来，一年中比特币下降了约5％。 Standard Charter说，这并不奇怪，因为比特币倾向于对宏观经济触发器做出反应。

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.

该银行指出了两种特定模式：当货币供应（M2）增长时，比特币通常会上升，而美元指数（DXY）上升时，比特币会向下移动。这两个关系仍然活跃。

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.

现在，交易者正在等待第二季度的救济，希望比特币会随着市场对关税的更加清晰度而反弹。但是白宫一直在猜测。

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.

经过一天的主要指数兴起希望特朗普能够扩大他的计划，美国股票期货在3月24日星期一的变化很小。

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.

标准普尔500年期货和纳斯达克100期货的期货都下跌了0.1％，道琼斯期货期货下跌43分。正如《华尔街日报》报道的那样，那天早些时候收获了。根据他们的报告，白宫可能会减少即将在4月2日上线的关税范围。

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.

这些征税是特朗普更广泛计划的一部分，以促进国内制造业并减少贸易赤字。但是关税引发了人们对与中国的贸易战的担忧，他们可能会在未来几个月内袭击消费者。

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.

某些产品类别的中国商品关税已经为250％。但是政府正准备征收另一轮关税，这次是从中国剩下的所有进口。这些新的关税可能会使某些产品的总关税达到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还指出，尽管加密市场最近发生了动荡，但机构对投资数字资产的投资越来越感兴趣。

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.

该银行的分析师在另一份报告中说，尽管他们预计今年的加密货币市场上的波动性会有更多，但他们为机构提供了对资产类别投资的长期机会。

“We see opportunities

“我们看到机会