比特币（BTC）优势随着BTC/S＆P 500比率的增长而增长

欢迎来到美国加密货币新闻早晨的简报 - 您未来一天中最重要的进展的基本衰退。

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

欢迎来到美国加密货币新闻早晨的简报 - 您未来一天中最重要的进展的基本衰退。

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.

当我们检查比特币（BTC）的性能相对于美国股票市场业绩的基准时，请享用咖啡。随着Tradfi影响力的增长，与传统股票相比，比特币作为资产类别的统治地位正在增长。

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

当天的加密新闻：BTC/S＆P 500比率达到历史最高

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

Vaneck的数字资产研究负责人Matthew Sigel强调了比特币对标准普尔500指数的历史性优于表现。

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.

具体而言，比特币/标准普尔500比率在5月8日达到了17.725美元的历史最高点，反映了先锋加密对传统股票的统治地位。

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

“历史高：比特币/S＆P 500比例，” Sigel写道。

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.

这一里程碑与更广泛的市场趋势相吻合，包括比特币最近在美国加密货币新闻出版物的一份近期在市值指标上短暂超越Google的举动。

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

对于比特币，由于制度的影响不断增长，因此产生的流动性涌入促使分析师重新考虑BTC循环理论。

“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首席执行官Ki Young Ju说：“感觉好像是时候抛出比特币周期理论了……更重要的是要关注机构和ETF的新流动性。”

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

随着传统市场中的采用和盛行的潮流，投资者正在将比特币作为对冲金融和美国国库风险的对冲。

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

3.5万亿美元流向美国股票，公司债券和国库资金

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.

报告表明，自2007年以来，美国股票，公司债券和国库资金的累计流入3.5万亿美元。值得注意的是，这一激增的2.5万亿美元发生在2020年之后。

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数据指出了美国资产的强烈投资者需求。但是，比特币的比率尖峰表明，在全球经济不确定性（包括通货膨胀压力和地缘政治紧张局势）的情况下，一些投资者赞成分散资产的投资者。

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，美国股票基金捕获了1.2万亿美元的流入，净流出了1000亿美元。

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

根据Sigel的说法，这表明比特币似乎避开了暂时的风险，因为其长期增长超过了多个时间表。

“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说：“比特币在1天，1周，1个月，1年，1年，2年，3年，5年，10年中优于纳斯达克股票。”

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.

同时，美国财政部收益率上升，在2025年1月初达到4.641％，是2024年5月以来最高的。这种削弱的股权基金流入，有可能驱使投资者朝比特币朝着传统市场波动的对冲。

Chart of the Day

日图

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指数/SPX比率在历史最高时期，意味着比特币的价值显着增长了高于标准普尔500指数。这表明投资者对股票的信心和对加密货币的表现要出色。

Byte-Sized Alpha

字节大小的alpha

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

这是今天要关注的更多美国加密新闻的摘要：

Crypto Equities Pre-Market Overview

加密股票概述