比特幣（BTC）優勢隨著BTC/S＆P 500比率的增長而增長

歡迎來到美國加密貨幣新聞早晨的簡報 - 您未來一天中最重要的進展的基本衰退。

Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.

歡迎來到美國加密貨幣新聞早晨的簡報 - 您未來一天中最重要的進展的基本衰退。

Grab a coffee as we examine Bitcoin’s (BTC) performance relative to the S&P 500, a benchmark for US stock market performance. With growing TradFi influence, Bitcoin’s dominance as an asset class is growing compared to traditional equities.

當我們檢查比特幣（BTC）的性能相對於美國股票市場業績的基準時，請享用咖啡。隨著Tradfi影響力的增長，與傳統股票相比，比特幣作為資產類別的統治地位正在增長。

Crypto News of the Day: BTC/S&P 500 Ratio Hits All-Time High

當天的加密新聞：BTC/S＆P 500比率達到歷史最高

Matthew Sigel, the head of digital assets research at VanEck, highlighted Bitcoin’s historic outperformance against the S&P 500.

Vaneck的數字資產研究負責人Matthew Sigel強調了比特幣對標準普爾500指數的歷史性優於表現。

Specifically, the Bitcoin/S&P 500 ratio hit an all-time high of $17.725 on May 8, reflecting the pioneer crypto’s growing dominance over traditional equities.

具體而言，比特幣/標準普爾500比率在5月8日達到了17.725美元的歷史最高點，反映了先鋒加密對傳統股票的統治地位。

“All-Time High: Bitcoin/S&P 500 Ratio,” Sigel wrote.

“歷史高：比特幣/S＆P 500比例，” Sigel寫道。

This milestone aligns with broader market trends, including Bitcoin’s recent move to briefly surpass Google on market cap metrics, as indicated in a recent US Crypto News publication.

這一里程碑與更廣泛的市場趨勢相吻合，包括比特幣最近在美國加密貨幣新聞出版物的一份近期在市值指標上短暫超越Google的舉動。

For Bitcoin, the surge comes amid growing institutional influence, and the resultant liquidity influx has prompted analysts to rethink the BTC cycle theory.

對於比特幣，由於製度的影響不斷增長，因此產生的流動性湧入促使分析師重新考慮BTC循環理論。

“It feels like it’s time to throw out that Bitcoin cycle theory… It’s more important to focus on how much new liquidity is coming from institutions and ETFs,” CryptoQuant CEO Ki Young Ju stated.

CryptoQuant首席執行官Ki Young Ju說：“感覺好像是時候拋出比特幣週期理論了……更重要的是要關注機構和ETF的新流動性。”

With growing adoption and prevailing jitters in the traditional markets, investors are turning to Bitcoin as a hedge against financial and US Treasury risks.

隨著傳統市場中的採用和盛行的潮流，投資者正在將比特幣作為對沖金融和美國國庫風險的對沖。

$3.5 Trillion Inflows to US Equity, Corporate Bond, and Treasury Funds

3.5萬億美元流向美國股票，公司債券和國庫資金

Reports indicate $3.5 trillion in cumulative inflows to US equity, corporate bond, and Treasury funds since 2007. Notably, $2.5 trillion of that surge occurred post-2020.

報告表明，自2007年以來，美國股票，公司債券和國庫資金的累計流入3.5萬億美元。值得注意的是，這一激增的2.5萬億美元發生在2020年之後。

The Kobeissi data notes a strong investor appetite for US assets. However, Bitcoin’s ratio spike suggests a parallel shift, with some investors favoring decentralized assets amid global economic uncertainty, including inflationary pressures and geopolitical tensions.

Kobeissi數據指出了美國資產的強烈投資者需求。但是，比特幣的比率尖峰表明，在全球經濟不確定性（包括通貨膨脹壓力和地緣政治緊張局勢）的情況下，一些投資者贊成分散資產的投資者。

US equity funds, capturing $1.2 trillion of the inflows, saw a $100 billion net outflow during the 2022 bear market.

在2022年熊市中，美國股票基金捕獲了1.2萬億美元的流入，淨流出了1000億美元。

According to Sigel, this indicates temporary risk aversion that Bitcoin seemingly sidestepped, as its long-term growth outpaced the Nasdaq over multiple timeframes.

根據Sigel的說法，這表明比特幣似乎避開了暫時的風險，因為其長期增長超過了多個時間表。

“Bitcoin has outperformed the Nasdaq over 1 day, 1 week, 1 month, Year-to-date, 1 year, 2 years, 3 years, 5 years, 10 years,” Sigel stated.

Sigel說：“比特幣在1天，1週，1個月，1年，1年，2年，3年，5年，10年中優於納斯達克股票。”

Meanwhile, rising US Treasury yields, hitting 4.641% in early January 2025, marked the highest since May 2024. This dampened equity fund inflows, potentially driving investors toward Bitcoin as a hedge against traditional market volatility.

同時，美國財政部收益率上升，在2025年1月初達到4.641％，是2024年5月以來最高的。這種削弱的股權基金流入，有可能驅使投資者朝比特幣朝著傳統市場波動的對沖。

Chart of the Day

日圖

At an all-time high, the BRR index/SPX ratio means Bitcoin’s value has grown significantly more than the S&P 500. It indicates stronger investor confidence and outperformance in crypto over stocks.

BRR指數/SPX比率在歷史最高時期，意味著比特幣的價值顯著增長了高於標準普爾500指數。這表明投資者對股票的信心和對加密貨幣的表現要出色。

Byte-Sized Alpha

字節大小的alpha

Here’s a summary of more US crypto news to follow today:

這是今天要關注的更多美國加密新聞的摘要：

Crypto Equities Pre-Market Overview

加密股票概述