比特幣（BTC）終於在四月發展成為可靠的資產？

主要投資比特幣（Crypto：BTC）的基金的iShares比特幣信託ETF（NASDAQ：IBIT）的股票在4月的股票上升了14.3％。

The iShares Bitcoin Trust ETF (NASDAQ:IBIT) - a fund that provides primary exposure to Bitcoin (CRYPTO:BTC) - saw its shares rise by 14.3% in April, according to the latest data from S&P Global Market Intelligence.

根據標準普爾全球市場情報公司的最新數據，Ishares比特幣信託ETF（NASDAQ：IBIT）（可提供對比特幣（Crypto：BTC）的主要風險（Crypto：BTC））的基金上漲了14.3％。

The IBIT ETF, managed by Blackrock (NYSE:BLK) - the world’s largest asset manager - is the main Bitcoin ETF in terms of trading volume and liquidity. It offers investors a traditional avenue to invest in Bitcoin through well-established custodial services and closely tracks the cryptocurrency’s price movements.

由貝萊德（NYSE：BLK）管理的IBIT ETF（全球最大的資產經理）是交易量和流動性的主要比特幣ETF。它為投資者提供了傳統的途徑，可以通過良好的託管服務對比特幣進行投資，並密切跟踪加密貨幣的價格變動。

Bitcoin has often been touted as a potential safe haven asset, similar to gold, especially in times of geopolitical turmoil or high inflation. However, its market behavior throughout 2023 has not yet consistently supported this claim.

比特幣經常被吹捧為潛在的避風港資產，類似於黃金，尤其是在地緣政治動盪或高通貨膨脹時期。但是，其整個2023年的市場行為尚未始終支持這一主張。

In March, Bitcoin’s price trends largely followed those of high-risk tech stocks, especially during periods of economic downturn. For instance, after the introduction of the “Liberation Day” tariffs on April 2, Bitcoin began to diverge from tech stocks. But later in the month, as trade war concerns diminished, it moved in parallel with their recovery.

3月，比特幣的價格趨勢在很大程度上遵循了高風險科技股的價格趨勢，尤其是在經濟低迷時期。例如，在4月2日引入“解放日”關稅之後，比特幣開始與科技股不同。但是在本月晚些時候，隨著貿易戰的關注減少，它與他們的恢復平行。

Is Bitcoin becoming a reliable asset?

比特幣是否成為可靠的資產？

Prior to the tariff announcement on April 2, Bitcoin's performance was lackluster and largely mimicked the Nasdaq Composite index (NASDAQ: NASDAQ). But following the announcement, Bitcoin's price dropped less sharply than tech stocks.

在4月2日的關稅宣布之前，比特幣的性能乏味，在很大程度上模仿了納斯達克綜合指數（NASDAQ：NASDAQ）。但是，在宣布這一消息之後，比特幣的價格下跌的幅度低於科技股。

Between April 8 and April 21, Bitcoin actually gained value while tech stocks continued to decline, showing a correlation with gold's market behavior during that time.

在4月8日至4月21日之間，比特幣實際上獲得了價值，而技術股票繼續下降，這表明與黃金市場行為有著相關性。

IBIT data by YCharts

YCHARTS的IBIT數據

Post-April 2, the U.S. financial landscape witnessed unusual movements - long-term bond yields rose as the dollar weakened, a dynamic not typically seen in the U.S. but common in emerging markets. This signaled that international investors might be shifting away from U.S. assets, perceiving the U.S. as a higher-risk investment zone.

4月2日，美國金融景觀見證了異常的運動 - 隨著美元的削弱，長期債券收益率上升，這是美國通常在美國不見的動態，而在新興市場中常見的。這表明國際投資者可能正在偏離美國資產，將美國視為高風險的投資區。

In this context, it may be relevant that Bitcoin, increasingly viewed as an alternative asset, experienced a surge in value.

在這種情況下，可能是說比特幣越來越被視為替代資產，價值激增。

Interestingly, on April 22, following comments from Treasury Secretary Scott Bessent about likely easing tensions with China, markets rallied broadly. Gold, which had been increasing in value throughout the year, showed a slight decline. However, Bitcoin not only rallied in step with tech stocks but also appeared to benefit from its perceived status as a hedge against U.S. economic instability.

有趣的是，在4月22日，財政部長斯科特·貝斯特（Scott Bessent）關於緩解中國緊張局勢的評論之後，市場廣泛集會。全年價值越來越多的黃金顯示出略有下降。但是，比特幣不僅與科技股一起逐步集會，而且似乎受益於其認為是對沖美國經濟不穩定的地位的地位。

Hence, in April, Bitcoin displayed characteristics of both an asset that hedges against economic uncertainty and a speculative tech investment, reacting to shifts in market sentiment.

因此，在4月，比特幣展示了針對經濟不確定性和投機性技術投資的對沖的資產的特徵，對市場情緒的轉變做出了反應。

Did April mark a turning point for Bitcoin?

April標記了比特幣的轉折點嗎？

While Bitcoin's April performance was promising, it remains to be seen if it can consistently serve as both a protective asset in times of crisis and a speculative one like tech stocks. Typically, assets are categorized as one or the other, but Bitcoin, being relatively new, might still be finding its place in the investment landscape.

儘管比特幣的四月表現令人鼓舞，但在危機時期既可以始終如一地充當保護性資產，又可以看出像技術股票一樣，還有待觀察。通常，資產被歸類為另一個，但比特幣相對較新，可能仍在投資格局中找到其位置。

When considering the year as a whole, Bitcoin has generally moved in tandem with tech stocks and has shown significantly less strength compared to gold, which has traditionally been a refuge during global financial crises and periods of high inflation.

當考慮整個年份時，比特幣通常與科技股一起轉移，並且與黃金相比，比特幣顯示出明顯較小的力量，這在全球金融危機和高通貨膨脹時期期間一直是避難所。

IBIT data by YCharts

YCHARTS的IBIT數據

April marked a notable month for Bitcoin as it started pulling away from tech stocks and showed signs of becoming a safe haven asset. However, it still lags behind gold in establishing itself as a reliable store of value.

April標誌著比特幣的一個值得注意的月份，因為它開始遠離技術股票，並顯示出成為避風港資產的跡象。但是，它仍然落後於黃金，將自己確立為可靠的價值存儲。

Billy Duberstein and/or his clients have positions in Bitcoin. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy.

比利·杜布斯坦（Billy Duberstein）和/或他的客戶在比特幣中擁有職位。 Motley傻瓜有位置並推薦比特幣。 Motley傻瓜有披露政策。

Is Now the Time to Invest $1,000 in iShares Bitcoin Trust?

現在是時候投資1,000美元購買iShares比特幣信託嗎？

Before you consider iShares Bitcoin Trust, be aware that the analysts at Motley Fool Stock Advisor have spotlighted what they believe to be the 10 most investable stocks right now…and iShares Bitcoin Trust didn't make the list.

在您考慮Ishares比特幣信託之前，請注意，Motley Fool Stock Advisor的分析師已焦點他們認為是目前最可投資的10個股票……而Ishares Bitcoin Trust並未列出列表。

The "Stock Advisor" picks no single stock to outmaximize gains, but they select what they deem to be the 10 best stocks for investors to consider.

“股票顧問”不選擇超越收益的單一股票，但他們選擇自己認為是投資者要考慮的10個最佳股票。

Those who invested in Netflix (NASDAQ:NFLX) when it was announced on December 17, 2004 would have a $1,000 investment become $623,685 today!* Or take Nvidia (NASDAQ:NVDA), which was selected on April 15, 2005 - that same investment would now be valued at $701,781!!

那些投資於Netflix（NASDAQ：NFLX）的人在2004年12月17日宣佈時將有1,000美元的投資將變成623,685美元！

Over its history, Stock Advisor has an average return of 906% - significantly outperforming the S&P 500's 164%.

在其歷史上，股票顧問的平均回報率為906％ - 明顯優於標準普爾500的164％。

Want to see which 10 stocks the Stock Advisor team is recommending today? They're available exclusively to Stock Advisor members.

是否想看看今天推薦的股票顧問團隊的10股？它們專門用於股票顧問成員。

Get started with Stock Advisor today and see which 10 stocks we're highly recommending for April 202

立即從股票顧問開始，看看我們強烈推薦哪些股票在202年4月