比特币作为投资组合多元化工具：专家讨论最佳长期方案

过去一个月，围绕加密货币和股票的情绪出现了巨大分歧，前者大幅下跌，而后者则创下新高。

Cryptocurrency and equities have seen contrasting price movements in recent times. While the former has witnessed a price drop, the latter has scaled to new highs.

最近，加密货币和股票的价格走势形成鲜明对比。虽然前者的价格有所下降，但后者的价格却创下了新高。

The 30-day correlation of Bitcoin BTC/USD with the Nasdaq Composite and the S&P 500 has dropped to an 8-month low.

比特币 BTC/USD 与纳斯达克综合指数和标准普尔 500 指数的 30 天相关性已降至 8 个月低点。

Specific cryptocurrency triggers, such as the Bitcoin sell-offs by the German government and the defunct cryptocurrency exchange Mt. Gox, have had a greater impact on the decoupling.

特定的加密货币触发因素，例如德国政府抛售比特币和倒闭的加密货币交易所 Mt. Gox，对脱钩产生了更大的影响。

While the discussion on decoupling and correlation between the two risk-on market sectors continues, Benzinga spoke with experts to uncover the optimal long-term scenario.

虽然关于两个风险市场领域之间的脱钩和相关性的讨论仍在继续，但本辛加与专家进行了交谈，以揭示最佳的长期情景。

Bitcoin As A Portfolio Diversifier

比特币作为投资组合多元化

A negative correlation could be attractive to professional traders who hold both asset classes in their portfolios, said Gracy Chen, CEO of cryptocurrency exchange Bitget.

加密货币交易所 Bitget 首席执行官 Gracy Chen 表示，负相关性可能对在投资组合中持有这两种资产类别的专业交易者有吸引力。

"For investors who are concerned about growth and somewhat about stability, Bitcoin is considered digital gold, which has not historically lost more than 20% in value per month," said Chen, hinting at the coin’s usefulness as a safe-haven asset.

“对于既关心增长又关心稳定性的投资者来说，比特币被认为是数字黄金，历史上每月价值损失不会超过 20%，”Chen 表示，他暗示了比特币作为避险资产的有用性。

Also Read: Jack Dorsey’s Block Makes Historic Bitcoin Mining Chip Sale To Core Scientific: ‘Our First Mining Chip Customer!’

另请阅读：Jack Dorsey 的 Block 向 Core Scientific 历史性地出售比特币挖矿芯片：“我们的第一个挖矿芯片客户！”

These views were shared by Ben Kurland,  CEO of cryptocurrency research and charting platform DYOR.

加密货币研究和图表平台 DYOR 首席执行官 Ben Kurland 也分享了这些观点。

"In the long run, it’s best to have Bitcoin move independently of traditional markets. It cements Bitcoin’s status as a unique asset class, offering diversification benefits," he highlighted.

“从长远来看，最好让比特币独立于传统市场运行。它巩固了比特币作为独特资产类别的地位，提供多元化的好处，”他强调说。

The Other Argument

另一个论点

However, an increasing divergence won't necessarily be an ideal scenario for cryptocurrency investors, argued Kilian Peter Krings, CEO of Solana SOL/USD-based liquidity and trading layer stabble.

然而，基于 Solana SOL/USD 的流动性和交易层稳定的首席执行官 Kilian Peter Krings 认为，对于加密货币投资者来说，日益加剧的分歧不一定是理想的情况。

There is more to the sector than just Bitcoin serving as a value store, and an increasing number of startups would prefer to align with typical market cycles rather than profiting exclusively when equities drop, Krings said.

克林斯表示，该行业不仅仅是比特币作为价值储存手段，越来越多的初创公司更愿意与典型的市场周期保持一致，而不是在股市下跌时专门获利。

"When you look at the long-term stock charts, there are more bullish cycles than bearish ones. I assume most people prefer the bullish cycles," Krings added.

“当你观察长期股票图表时，看涨周期多于看跌周期。我认为大多数人更喜欢看涨周期，”克林斯补充道。

On similar lines, Kadan Stadelmann, CEO of blockchain services provider Komodo, while accepting Bitcoin's role as a hedge against systemic risks, said that both the cryptocurrency market and stocks should move in the same direction over the long term to reflect global economic growth.

同样，区块链服务提供商 Komodo 首席执行官 Kadan Stadelmann 在接受比特币作为系统性风险对冲工具的同时表示，从长远来看，加密货币市场和股票都应该朝着同一方向发展，以反映全球经济增长。

While the two asset classes continue to move in different directions, the upcoming inflation data for June, which is considered a key market mover, has the potential to bring them back in sync.

虽然这两种资产类别继续朝着不同的方向发展，但即将发布的 6 月份通胀数据（被认为是市场的关键推动者）有可能使它们恢复同步。

Price Action: At the time of writing, Bitcoin was trading at $57,250.21, falling 0.94% in the last 24 hours, according to data from Benzinga Pro.

价格走势：根据 Benzinga Pro 的数据，截至撰写本文时，比特币交易价格为 57,250.21 美元，在过去 24 小时内下跌 0.94%。

Stocks retreated from record highs on Thursday. The S&P 500 closed 0.88% lower at 5,584.54, while the tech-heavy Nasdaq Composite slipped 1.95% to end at 18,283.41.

周四股市从历史高位回落。标准普尔 500 指数收盘下跌 0.88%，收于 5,584.54 点，而以科技股为主的纳斯达克综合指数下跌 1.95%，收于 18,283.41 点。

Year-to-date, the world’s largest cryptocurrency has outperformed equities, gaining 35%. The S&P 500 rose 17.7%, while Nasdaq Composite has jumped 23%, since the start of the year.

今年迄今为止，全球最大的加密货币的表现优于股票，上涨了 35%。自今年年初以来，标准普尔 500 指数上涨 17.7%，纳斯达克综合指数上涨 23%。

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The institutional footprint in crypto is set to be extensively covered at Benzinga's upcoming Future of Digital Assets event on Nov. 19.

Benzinga 即将于 11 月 19 日举行的“数字资产的未来”活动将广泛讨论加密货币领域的机构足迹。