比特幣與納斯達克脫離了新的多元化機會

Ritholtz Wealth Management的首席執行官對比特幣最近在市場上的行為進行了有趣的觀察。

Bitcoin has begun to decouple from the Nasdaq and could be shifting toward trading more like gold, according to a recent statement by Ritholtz Wealth Management's CEO, Bruce Berkowitz.

根據Ritholtz Wealth Management的首席執行官Bruce Berkowitz最近的一份聲明，比特幣已經開始與納斯達克島分發，可能會轉向更像黃金。

Over the last week or two, the world’s most famous cryptocurrency has shown signs of decoupling from the movements of the Nasdaq — a trend that could significantly impact how investors think about diversifying their portfolios.

在過去的一兩個星期中，世界上最著名的加密貨幣表現出與納斯達克運動的運動的跡象，這種趨勢可能會極大地影響投資者對使其投資組合多樣化的看法。

While BTC had long been seen as a highly volatile asset that often moved in tandem with tech stocks, especially those listed on the Nasdaq, a new pattern is emerging. The CEO noted that Bitcoin is no longer following the fluctuations of the Nasdaq as closely as it once did. Instead, it has started to trade more in line with gold, which has traditionally been viewed as a hedge against inflation and a safe haven during times of economic uncertainty.

雖然BTC長期以來一直被視為一種高度波動的資產，通常與技術股票同時，尤其是納斯達克股票的股票，但新的模式正在出現。首席執行官指出，比特幣不再像以前那樣遵循納斯達克的波動。取而代之的是，它已經開始與黃金更加貿易，在經濟不確定性時期，傳統上將其視為反對通貨膨脹和避風港的對沖。

This shift is important because it suggests that Bitcoin may be evolving from a speculative asset to one that can serve a more functional role in a diversified portfolio. For investors, this could open up exciting possibilities, especially for those seeking assets that don’t correlate directly with the stock market.

這種轉變很重要，因為它表明比特幣可能正在從投機資產發展為可以在多元化投資組合中起功能更具功能作用的資產。對於投資者而言，這可能打開令人興奮的可能性，尤其是對於那些尋求與股票市場直接相關的資產的人。

One of the key points the CEO emphasized is the potential for Bitcoin to serve as a non-correlated asset in a broader investment strategy. In other words, Bitcoin could act as a valuable tool for risk mitigation.

首席執行官強調的要點之一是比特幣在更廣泛的投資策略中成為無關的資產。換句話說，比特幣可以充當降低風險的寶貴工具。

By allocating a small percentage — say, 1% — of an investment portfolio to Bitcoin, investors could potentially protect themselves against downturns in other markets. This would be especially appealing if Bitcoin continues to behave in ways that are independent of stock market trends, as it could offer a buffer during volatile periods.

通過將投資組合的一小部分（例如1％）分配給比特幣，投資者可以潛在地保護自己免受其他市場的低迷侵害。如果比特幣繼續以獨立於股票市場趨勢的方式行事，這將特別有吸引力，因為它可以在波動期間提供緩衝。

The ability to say that you hold a non-correlated asset could be transformative for portfolio construction. The ideal scenario would be to see Bitcoin rise while other holdings fall, providing diversification benefits that extend beyond traditional stocks and bonds. This would offer investors an additional layer of protection and, potentially, growth in turbulent times.

說您持有非相關資產的能力可能是投資組合結構的變革。理想的情況是看到比特幣的上升，而其他持股量下降，提供超越傳統股票和債券的多元化收益。這將為投資者提供額外的保護層，並可能在動盪時期增長。

Ritholtz Wealth Management will continue to monitor Bitcoin's performance to better understand the long-term implications of this decoupling.

Ritholtz Wealth Management將繼續監視比特幣的績效，以更好地了解這種去耦的長期影響。

While Bitcoin's move toward trading like gold is still a relatively new development, it could signal the beginning of a broader shift in how investors perceive cryptocurrencies. This is certainly something to watch in the coming weeks and months.

儘管比特幣像黃金這樣的貿易行動仍然是一個相對較新的發展，但它可能表明投資者對加密貨幣的看法更廣泛轉變。在接下來的幾周和幾個月中，這肯定是值得關注的。

If Bitcoin continues to decouple from tech stocks and becomes more like a "hedge" or a "diverging asset," it could fundamentally reshape its role in investment portfolios — from a speculative asset to a strategic one, providing diversification, stability, and growth potential in uncertain times.

如果比特幣繼續與科技股分發，並且更像是“對沖”或“不同的資產”，它可以從根本上重塑其在投資組合中的作用 - 從投機資產到戰略性，在不確定的時間內提供多樣化，穩定性，穩定性和增長潛力。

In essence, Ritholtz Wealth Management is closely observing Bitcoin to see if it can emerge as a distinct asset class with its unique characteristics and economic implications, which could be interesting for investors interested in diversifying their holdings. The suggestion of a 1% allocation to Bitcoin is part of this exploration, and it's an opportunity that could be open to those who follow this asset's performance and trends. As always, individual investment decisions should be guided by an investor's own risk tolerance, time horizon, and broader financial goals.output: Bitcoin has begun to decouple from the Nasdaq and could be shifting toward trading more like gold, according to a recent statement by Ritholtz Wealth Management's CEO, Bruce Berkowitz.

從本質上講，Ritholtz財富管理正在仔細觀察比特幣，以了解它是否可以作為具有獨特特徵和經濟影響的獨特資產類別，這對於有興趣多樣化其持股的投資者可能會很有趣。向比特幣分配1％的建議是這項探索的一部分，這是一個機會，可以向那些遵循該資產的績效和趨勢的人開放。與往常一樣，個人投資決策應以投資者自身的風險承受能力，時間範圍和更廣泛的財務目標來指導。外賣：比特幣已經開始與納斯達克脫穎而出，根據Ritholtz Wealth Management的首席執行官Bruce Berkowitz的最新聲明。

Over the last week or two, the world’s most famous cryptocurrency has shown signs of decoupling from the movements of the Nasdaq — a trend that could significantly impact how investors think about diversifying their portfolios.

在過去的一兩個星期中，世界上最著名的加密貨幣表現出與納斯達克運動的運動的跡象，這種趨勢可能會極大地影響投資者對使其投資組合多樣化的看法。

While BTC had long been seen as a highly volatile asset that often moved in tandem with tech stocks, especially those listed on the Nasdaq, a new pattern is emerging. The CEO noted that Bitcoin is no longer following the fluctuations of the Nasdaq as closely as it once did. Instead, it has started to trade more in line with gold, which has traditionally been viewed as a hedge against inflation and a safe haven during times of economic uncertainty.

雖然BTC長期以來一直被視為一種高度波動的資產，通常與技術股票同時，尤其是納斯達克股票的股票，但新的模式正在出現。首席執行官指出，比特幣不再像以前那樣遵循納斯達克的波動。取而代之的是，它已經開始與黃金更加貿易，在經濟不確定性時期，傳統上將其視為反對通貨膨脹和避風港的對沖。

This shift is important because it suggests that Bitcoin may be evolving from a speculative asset to one that can serve a more functional role in a diversified portfolio. For investors, this could open up exciting possibilities, especially for those seeking assets that don't correlate directly with the stock market.

這種轉變很重要，因為它表明比特幣可能正在從投機資產發展為可以在多元化投資組合中起功能更具功能作用的資產。對於投資者而言，這可能打開令人興奮的可能性，尤其是對於那些尋求與股票市場直接相關的資產的人。

One of the key points the CEO emphasized is the potential for Bitcoin to serve as a non-correlated asset in a broader investment strategy. In other words, Bitcoin could act as a valuable tool for risk mitigation.

首席執行官強調的要點之一是比特幣在更廣泛的投資策略中成為無關的資產。換句話說，比特幣可以充當降低風險的寶貴工具。

By allocating a small percentage — say, 1% — of an investment portfolio to Bitcoin, investors could potentially protect themselves against downturns in other markets. This would be especially appealing if Bitcoin continues to behave in ways that are independent of stock market trends, as it could offer a buffer during volatile periods.

通過將投資組合的一小部分（例如1％）分配給比特幣，投資者可以潛在地保護自己免受其他市場的低迷侵害。如果比特幣繼續以獨立於股票市場趨勢的方式行事，這將特別有吸引力，因為它可以在波動期間提供緩衝。

The ability to say that you hold a non-correlated asset could be transformative for portfolio construction. The ideal scenario would be to see Bitcoin rise while other holdings fall, providing diversification benefits that extend beyond traditional stocks and bonds. This would offer investors an additional layer of

說您持有非相關資產的能力可能是投資組合結構的變革。理想的情況是看到比特幣的上升，而其他持股量下降，提供超越傳統股票和債券的多元化收益。這將為投資者提供額外的一層