比特币与股票的相关性下降恢复了对投资者的吸引力：K33 Research

CoindeskPublished on 2023-05-25Last updated on 2023-05-25

Abstract

加密货币市场研究公司 K33 在一份报告中指出，比特币 ( BTC ) 与股票之间的相关性下降正在重新激发投资者将资产纳入更多元化的投资组合的理由。

加密货币市场研究公司 K33 在一份报告中指出，比特币 ( BTC ) 与股票之间的相关性下降正在重新激发投资者将资产纳入更多元化的投资组合的理由。

根据 K33 数据，BTC 与以科技股为主的纳斯达克指数的 30 天价格相关性降至 0.26，为 2021 年 12 月以来的最低水平。 BTC 与标准普尔 500 指数的相关性上个月也暴跌至 2021 年底以来的最低水平。

比特币作为市值最大的加密货币，多年来一直吸引着投资者，因为它的价格独立于其他投资类别，尤其是股票，因此作为多元化投资组合的一部分很方便。

然而，这种说法在去年发生了变化，因为数字资产市场与股市一起从历史高位暴跌。随着全球央行以几十年来最快的速度提高利率以应对猖獗的通货膨胀，加密货币与传统市场的相关性升至新高。货币鹰派打压了股票和加密货币等对利率敏感的风险资产的价格。

（K33 研究）

K33 在报告中写道：“金融市场对增长的错误关注和广泛的狂热导致了高度相关性。” “现在情况已经平静下来。因此， BTC可能会再次恢复充当可靠的多元化工具。”

BTC作为投资组合多元化

K33 发现，对BTC 的小额配置可以提高传统投资组合的表现。

多年来， BTC权重为 3%、股票权重为 58.5%、债券权重为 38.5% 的投资组合的表现优于经典的 60% 股票和 40% 债券投资。根据 K33 的数据，即使从 2018 年 1 月开始衡量，也就是加密货币价格进入两年熊市的时候，包括BTC在内的投资组合的表现也会超过 6.9%。

（K33 研究）

K33 写道：“虽然相当大的价格波动可能会抑制投资者的积极性，但经过时间考验的积极有纪律的再平衡策略和对BTC的少量配置已被证明可以改善传统投资组合的整体风险状况。”

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