這是脫鉤的大個月 - 比特幣與技術股票的分歧的術語

4月，比特幣增長了13％，超過了黃金，增長了7.5％。同時，納斯達克高科技的納斯達克在過去30天內下降了0.1％。

Bitcoin price rose 13% in April, outperforming both gold and the Nasdaq, according to a Monday report by crypto analytics firm Glassnode.

Crypto Analytics公司GlassNode的一份報告顯示，4月比特幣價格在4月的表現都遠勝於黃金和納斯達克。

The tech-heavy Nasdaq dropped 0.1% over the last 30 days, while gold gained 7.5%.

在過去的30天中，納斯達克高科技的納斯達克跌幅為0.1％，而黃金上漲了7.5％。

Analysts have noticed the shift in Bitcoin’s performance relative to major assets and equities in recent statements.

分析師已經註意到，在最近的報表中，比特幣績效相對於主要資產和股票的變化。

“Big boy institutions are waiting for [Bitcoin] to behave like a safe haven,” Bloomberg Intelligence analyst Eric Balchunas noted. “When it does, look out.”

彭博情報分析師埃里克·巴爾庫納斯（Eric Balchunas）指出：“大男孩機構正在等待[比特幣]表現得像避風港一樣。” “當這樣做時，請注意。”

US President Donald Trump’s tempestuous tariff regime, which began on April 2 with his “liberation day” announcement, caused chaos in markets and shook many longstanding assumptions, such as the primacy of US dollars in global finance.

美國總統唐納德·特朗普（Donald Trump）的狂暴關稅政權於4月2日宣布“解放日”，引起了市場混亂，並震驚了許多長期以來的假設，例如全球金融中美元的至高無上。

The DXY Index, which measures the strength of the dollar against a basket of major currencies, was down 4.3% across April.

DXY指數衡量了對一籃子主要貨幣的美元強度，在4月份下降了4.3％。

The turmoil has left investors searching for a safe alternative to US dollars and US debt. Bitcoin is seen as a beneficiary of the search both in terms of price action and volatility.

動盪使投資者正在尋找美元和美國債務的安全替代方案。就價格行動和波動性而言，比特幣被視為搜索的受益者。

Bitcoin’s market outperformance relative to the Nasdaq throughout the US’s tariff crisis this year has been “striking,” said Bernstein analysts in a note to investors this month. David Lawant, head of research at FalconX, highlighted Bitcoin’s “low beta,” or volatility, throughout April, in an interview with Bloomberg.

伯恩斯坦分析師在本月對投資者的一份票據中說，比特幣的市場與納斯達克的市場相對於納斯達克的表現超過了納斯達克危機，這是“驚人的”。 Falconx研究負責人戴維·律師（David Lawant）在4月在接受彭博社的採訪中，強調了比特幣的“低β”或“波動性”。

Matt Hougan, chief investment officer at Bitwise, wrote on Tuesday that he expects wirehouses — enormous, full-service financial firms like Merrill Lynch, Morgan Stanley, Wells Fargo, and UBS — to allow their customers access to Bitcoin exchange-traded funds this year.

BITWISE的首席投資官Matt Hougan週二寫道，他期望電線房（Merrill Lynch，Morgan Stanley，Wells Fargo和UBS等龐大，全方位服務的金融公司）允許他們的客戶今年訪問比特幣交換的資金。

“It’s one of the reasons I still expect bitcoin ETFs to set a new record for net inflows this year, despite pulling in ‘just’ $3.7 billion so far in 2025, compared to $35 billion in 2024,” wrote Hougan.

Hougan寫道：“這是我仍然期望比特幣ETF創造今年淨流入紀錄的原因之一，儘管到目前為止迄今為止賺了37億美元，而2024年為350億美元。”

In a Monday note, Geoff Kendrick, global head of digital assets research at UK bank Standard Chartered, wrote that a confluence of factors could be driving the Bitcoin-as-digital-gold narrative to the fore and Bitcoin to new highs.

在周一的註釋中，英國銀行標準的全球數字資產研究負責人傑夫·肯德里克（Geoff Kendrick）寫道，各種因素可能會將比特幣作為數字金幣的敘事推向前來，並將比特幣延長到新高。

“Analysis suggests US investors themselves are divesting out of US assets,” Kendrick wrote.

肯德里克寫道：“分析表明，美國投資者本身正在退出美國資產。”

“Whales are accumulating, flows out of gold ETFs and into BTC ETFs have started.”

“鯨魚正在積累，從黃金ETF中流出並進入BTC ETF。”

Kendrick predicted a price of $120,000 per coin in the second quarter of this year.

肯德里克（Kendrick）預測，今年第二季度的每枚硬幣為120,000美元。