比特币和华尔街现在比以往任何时候都更加紧密地联系在一起

过去两年，金融市场出现了令人惊讶的趋势：比特币和华尔街的联系似乎比以往任何时候都更加紧密。这种相关性引起了传统金融专家和加密货币爱好者的兴趣。

A surprising trend has emerged in financial markets over the last two years: Bitcoin and Wall Street appear to be more closely linked than ever before, a correlation that has intrigued both traditional finance experts and cryptocurrency enthusiasts alike. This phenomenon marks a new stage in the complex relationship between these two worlds, once perceived as being opposed.

过去两年，金融市场出现了一个令人惊讶的趋势：比特币和华尔街的联系似乎比以往任何时候都更加紧密，这种相关性引起了传统金融专家和加密货币爱好者的兴趣。这一现象标志着这两个曾经被视为对立的世界之间的复杂关系进入了一个新阶段。

Bitcoin increasingly linked to American stocks

比特币与美国股票的联系越来越紧密

In 2024, the correlation between Bitcoin and American stocks reached new heights, according to data from IntoTheBlock.

根据 IntoTheBlock 的数据，2024 年，比特币与美国股票之间的相关性达到了新的高度。

The correlation coefficient, which measures the relationship between the movements of the two assets, has not been this high since 2022. This comes as Visa and Mastercard are slowing down innovation.

自 2022 年以来，衡量两种资产变动之间关系的相关系数从未如此高。这是因为 Visa 和万事达卡正在放慢创新速度。

The finding is striking for an asset that has historically sought to be disconnected from traditional financial markets.

对于历史上一直寻求与传统金融市场脱节的资产来说，这一发现是惊人的。

Yet today, Bitcoin is increasingly reflecting the trends observed in major stock indices like the S&P 500 or the Nasdaq.

然而如今，比特币越来越多地反映了标准普尔 500 指数或纳斯达克指数等主要股指的趋势。

This convergence has several implications for investors. Once viewed as a safe haven or a hedge against market fluctuations, Bitcoin now appears to be following the same economic cycles as stocks.

这种趋同对投资者有几个影响。比特币曾经被视为避风港或对冲市场波动的工具，但现在似乎遵循与股票相同的经济周期。

The question arises: is it still the “digital gold” that many hoped for, or has it become a mere speculative asset influenced by the same forces as Wall Street? This correlation highlights the evolving financial landscape, where crypto and traditional finance are facing the same macroeconomic challenges.

问题来了：它仍然是许多人所希望的“数字黄金”，还是已经成为与华尔街同样力量影响的投机资产？这种相关性凸显了不断变化的金融格局，其中加密货币和传统金融面临着相同的宏观经济挑战。

Common economic factors: a shared denominator

共同的经济因素：共同的分母

One of the main drivers behind this correlation is the influence of global macroeconomic factors.

这种相关性背后的主要驱动因素之一是全球宏观经济因素的影响。

Both markets, Bitcoin and American stocks, are responding to the same economic announcements, such as interest rates, inflation, and decisions by the US Federal Reserve (Fed).

比特币和美国股市这两个市场都对相同的经济公告做出反应，例如利率、通胀和美联储 (Fed) 的决定。

For instance, when the Fed announces a rate hike, it affects not only stocks but also Bitcoin, which was once considered to be resistant to these influences.

例如，当美联储宣布加息时，它不仅影响股票，还影响比特币，而比特币曾被认为能够抵抗这些影响。

This shift in behavior can be attributed to the changing profile of Bitcoin investors. More and more financial institutions, banks, and traditional investment funds have entered this market.

这种行为的转变可以归因于比特币投资者形象的变化。越来越多的金融机构、银行和传统投资基金进入这个市场。

As a result, their investment strategies, which are often influenced by global economic outlooks, now impact Bitcoin movements. It thus becomes just another asset in a diversified portfolio, losing some of its unique nature.

因此，他们的投资策略通常受到全球经济前景的影响，现在影响着比特币的走势。因此，它只是多元化投资组合中的另一种资产，失去了一些独特的性质。

However, this correlation does not necessarily imply the end of Bitcoin’s inherent volatility. On the contrary, it could amplify price fluctuations.

然而，这种相关性并不一定意味着比特币固有波动性的结束。相反，它可能会放大价格波动。

If stocks experience a shock due to poor economic news, Bitcoin could follow suit, magnifying the market movements.

如果股市因糟糕的经济消息而受到冲击，比特币可能会效仿，从而放大市场走势。

For investors, this new reality underscores the importance of monitoring economic indicators that influence both stocks and Bitcoin. Also, discover BlackRock making waves with $24 billion in Bitcoin!

对于投资者来说，这一新现实强调了监控影响股票和比特币的经济指标的重要性。此外，您还可以发现贝莱德 (BlackRock) 凭借价值 240 亿美元的比特币掀起波澜！

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Fascinated by bitcoin since 2017, Evariste has never stopped documenting himself on the subject. While his first interest was in trading, he now actively tries to understand all the advances centered on cryptocurrencies. As an editor, he aspires to continuously provide high-quality work that reflects the state of the sector as a whole.

自 2017 年以来，Evariste 就对比特币着迷，从未停止过记录自己的相关主题。虽然他的首要兴趣是交易，但他现在积极尝试了解以加密货币为中心的所有进步。作为一名编辑，他渴望不断提供反映整个行业状况的高质量作品。