投资者加剧了加密货币，因为比特币接近创纪录的高

今年早些时

Investors in Australia have been quickly increasing their exposure to cryptocurrency as bitcoin trades close to its record high, analysts said on Monday, placing a bold bet that could pay off handsomely.

分析师周一表示，随着比特币交易接近其创纪录的高度，澳大利亚的投资者一直在迅速增加对加密货币的接触。

Earlier this year, bitcoin plunged from its record of around $109,000 on January 20 - the day U.S. President Donald Trump was inaugurated - to a low of about $90,000 in March.

今年早些时候，比特币从1月20日的记录降低了约109,000美元的记录 - 美国总统唐纳德·特朗普（Donald Trump）就职典礼的那天，至3月的低点约为90,000美元。

But the world’s largest digital asset has since recovered briskly and crossed the key $100,000 level last week for the first time since February. Bitcoin extended that rally on Monday to trade near $105,000.

但是自从2月以来，世界上最大的数字资产自从上周首次恢复了100,000美元。比特币在周一延长了该集会，交易近105,000美元。

Bitcoin’s resilience amid a broader selloff in financial markets and a pessimistic outlook from economists has prompted some analysts to place even more bullish price calls on the volatile coin.

比特币在金融市场上更广泛的抛售中的韧性，经济学家的悲观前景促使一些分析师对挥发性硬币的价格更加看涨。

Analysts at JPMorgan Chase have said they expect bitcoin to drop to $48,000 by the fourth quarter as the cryptocurrency trades at "exuberant" valuations.

摩根大通（JPMorgan Chase）的分析师表示，由于加密货币以“旺盛”的估值进行交易，他们预计到第四季度，比特币将降至48,000美元。

But other analysts remain bullish on bitcoin, with those at Standard Chartered going as far as to tip prices to hit $200,000 this year.

但是其他分析师仍然对比特币看涨，而标准特许的人甚至将价格提高到今年的价格为200,000美元。

Bitcoin has soared in recent months amid optimism over the potential of Web3 technology, which aims to decentralise the internet and could usher in a new wave of innovation.

近几个月来，比特币对Web3技术的潜力乐观，该技术旨在分散互联网，并可能引入新的创新浪潮。

The cryptocurrency has also drawn interest from macro investors seeking an inflation hedge in a rapidly changing economic landscape.

加密货币也引起了宏观投资者的兴趣，在快速变化的经济格局中寻求通货膨胀对冲。

Bitcoin's price movements are notoriously volatile and can be influenced by a variety of factors, including changes in market sentiment, government policy, and macroeconomic trends.

众所周知，比特币的价格变动是波动的，可能会受到各种因素的影响，包括市场情绪，政府政策和宏观经济趋势的变化。

Earlier this year, bitcoin's price came under pressure from a selloff in riskier assets as the Federal Reserve began to raise interest rates and chart a more hawkish monetary policy.

今年早些时候，随着美联储开始提高利率并制定了更鹰派的货币政策，比特币的价格受到风险更高的资产的抛售构成压力。

However, bitcoin has since recovered briskly and is now trading at nearly 10-month highs. This recovery has been driven by a number of factors, including renewed interest in Web3 technology and bitcoin's role as an inflation hedge in a rapidly changing economic landscape.

但是，自那以后，比特币恢复了快速，现在正处于近10个月的高点。这种恢复是由许多因素驱动的，包括对Web3技术的重新兴趣以及比特币在迅速变化的经济格局中作为通货膨胀对冲的作用。

As the cryptocurrency market continues to evolve, it will be interesting to see how investors react to the latest developments and what impact they have on bitcoin's price.output: Investors in Australia have pounced on the plunge in bitcoin earlier this year and have been rapidly increasing exposure to the cryptocurrency in a bold bet that could pay off handsomely, analysts said on Monday, placing a pessimistic outlook on the outlook for equities.

As the cryptocurrency market continues to evolve, it will be interesting to see how investors react to the latest developments and what impact they have on bitcoin's price.output: Investors in Australia have pounced on the plunge in bitcoin earlier this year and have been rapidly increasing exposure to the cryptocurrency in a bold bet that could pay off handsomely, analysts said on Monday, placing a pessimistic outlook on the outlook for equities.

Australian investors upped their allocation to cryptocurrencies in the first quarter, enticed by the stellar returns and the promise of more gains as the cryptocurrency market recovered briskly from a dismal 2022, an analysis of capital flows showed.

对资本流量的分析显示，澳大利亚投资者在第一季度将其分配给加密货币，并受到了恒星回报的诱因，并且随着加密货币市场从2022年惨淡的2022年轻快地恢复，获得了更多收益。

The shift in investor preference was particularly striking given that the Australian share market also performed well in the first quarter, with the benchmark S&P/ASX200 index rising by 10.4%.

鉴于澳大利亚股票市场在第一季度表现良好，因此投资者偏好的转变尤其令人惊讶，而基准标准和P/ASX200指数上升了10.4％。

However, investors chose to reduce their exposure to Australian equities, preferring instead to increase their allocation to cryptocurrencies, which saw a steeper recovery from last year’s selloff.

但是，投资者选择减少对澳大利亚股票的接触，而宁愿将其分配给加密货币，这比去年的抛售更加陡峭。

A Bank of International Settlements report last month showed that cryptocurrency market activity had slowed in the first quarter, with volumes in futures, options and other derivatives declining from the record highs seen in 2022.

上个月的国际定居点报告显示，第一季度加密货币市场活动放缓，期货，期权和其他衍生品的数量从2022年的创纪录高点下降。

Despite the reduced activity, institutional investor interest in cryptocurrencies remained elevated throughout 2022 and into 2023, as investors sought new avenues for generating returns in a challenging macroeconomic environment.

尽管活动减少了，但在整个2022年和2023年，机构投资者对加密货币的兴趣仍然升高，因为投资者寻求新的途径来在挑战性的宏观经济环境中产生回报。

The Australian investors’ move to increase their cryptocurrency holdings comes amid a broader selloff in financial markets and a pessimistic outlook from economists.

澳大利亚投资者的举动增加了加密货币持有量，这是由于在金融市场上更广泛的抛售以及经济学家的悲观前景。

Standard Chartered's analysts are among the few bullish on bitcoin this year, with their latest price target standing at $200,000. They previously predicted that bitcoin would reach $150,000 by the end of 2023.

Standard Charter的分析师是今年比特币的少数几位看涨者之一，其最新目标目标为20万美元。他们此前曾预测，到2023年底，比特币将达到15万美元。

However, JPMorgan Chase analysts have said they expect bitcoin to drop to $48,000 by the fourth quarter as the cryptocurrency trades at "exuberant" valuations. They advise investors to prefer equities over bitcoin in the second half of 2023.

但是，摩根大通（JPMorgan Chase）分析师表示，随着加密货币以“旺盛”的估值进行交易，他们预计到第四季度比特币将降至48,000美元。他们建议投资者在2023年下半年更喜欢股票而不是比特币。

In March, Australian investors were also seen reducing their exposure to U.S. equities, which are now valued at 16.8% of total portfolio holdings, down from 17.5% at the fourth quarter of 2022. This move might be linked to the recent selloff in the U.S. stock market.

3月，还看到澳大利亚投资者减少了他们对美国股票的敞口，现在价值占投资组合总控股的16.8％，低于2022年第四季度的17.5％。这一举动可能与美国股票市场最近的抛售有关。

After a stellar performance in 2022, which saw the S&P 500 index rise by 25%, the U.S. equities market encountered some turbulence in the first quarter of 2023.

在2022年的出色表现（标准普尔500指数上升25％）之后，美国股票市场在2023年第一季度遇到了一些动荡。

The S&P 500 index experienced a decline of 0.8% in the first quarter, and it encountered further volatility in recent months amid concerns over rising inflation, interest

标准普尔500指数在第一季度下降了0.8％，并且由于对通货膨胀率上升，利息的担忧，最近几个月遇到了进一步的波动。