比特幣與黃金：彭博社專家對數字資產未來的看法

與黃金相比，比特幣是否正在失去光芒？彭博社的一位專家發表了看法，而貝萊德的比特幣 ETF 則重新定義了“主流採用”。

The world of digital assets is never short on drama, and the ongoing saga between Bitcoin and gold is no exception. With opinions flying faster than a New York minute, let's dive into what's making headlines, according to Bloomberg experts and recent market trends.

數字資產的世界從來不乏戲劇性，比特幣和黃金之間正在進行的傳奇也不例外。觀點的傳播速度比紐約一分鐘還要快，讓我們根據彭博社專家的觀點和最近的市場趨勢，深入了解哪些內容成為頭條新聞。

Bitcoin's Dominance and Potential Setback

比特幣的主導地位和潛在的挫折

According to Bloomberg's top strategist Mike McGlone, Bitcoin might be in for a reality check. McGlone warns that the Bitcoin/gold ratio, currently around 30 ounces of gold for 1 BTC, could tumble back to the mid-teens when market volatility returns. Ouch! That would erase years of gains and make the whole 'digital gold' comparison look a bit shaky.

彭博社首席策略師邁克·麥格隆表示，比特幣可能需要接受現實檢驗。 McGlone 警告稱，目前比特幣/黃金的比率約為 1 比特幣兌換 30 盎司黃金，當市場波動回歸時，比特幣/黃金比率可能會回落至 15 左右。哎喲!這將抹去多年來的收益，並使整個“數字黃金”的比較看起來有點不穩定。

Just as this warning hit the market, Bitcoin struggled to maintain its momentum. It attempted to break past $125,000 but quickly dropped to under $121,000. Adding fuel to the fire, a mysterious Bitcoin whale opened a massive $600 million short position, further complicating matters.

就在這一警告傳出市場時，比特幣難以維持其勢頭。它試圖突破 125,000 美元，但很快跌至 121,000 美元以下。火上澆油的是，一隻神秘的比特幣鯨魚開設了價值 6 億美元的巨額空頭頭寸，使事情變得更加複雜。

Despite these challenges, Bitcoin's dominance in the crypto market has risen to a two-month high, suggesting capital is flowing back to the main coin. However, gold could soon steal the spotlight again.

儘管面臨這些挑戰，比特幣在加密貨幣市場的主導地位已升至兩個月高點，這表明資本正在回流到主要貨幣。然而，黃金可能很快就會再次成為人們關注的焦點。

BlackRock's Bitcoin ETF: A Game Changer

貝萊德的比特幣 ETF：遊戲規則改變者

On a brighter note for Bitcoin enthusiasts, BlackRock’s spot Bitcoin ETF (IBIT) is shattering records. It's pulling in cash faster than any fund in history. With over 800,000 BTC, worth roughly $98 billion, IBIT is on track to hit $100 billion in assets faster than any ETF ever. Bloomberg Intelligence analysts Eric Balchunas and James Seyffart estimate IBIT generates over $240 million a year in revenue, making it BlackRock’s most profitable product across its global lineup of more than 1,000 ETFs. Not bad for a fund launched less than two years ago!

對於比特幣愛好者來說，一個更光明的消息是，貝萊德的現貨比特幣 ETF (IBIT) 正在打破記錄。它吸收現金的速度比歷史上任何基金都要快。 IBIT 擁有超過 800,000 枚 BTC，價值約 980 億美元，其資產規模有望比任何 ETF 更快地達到 1000 億美元。 Bloomberg Intelligence 分析師 Eric Balchunas 和 James Seyffart 估計 IBIT 每年產生超過 2.4 億美元的收入，使其成為貝萊德全球 1,000 多種 ETF 陣容中利潤最高的產品。對於一隻成立不到兩年的基金來說，這還不錯！

IBIT's success is fueled by a feedback loop of price and inflows, spurred by factors like Donald Trump's pro-crypto stance. This has unlocked institutional demand reminiscent of the early days of gold ETFs. Every price increase brings in fresh money from investors eager to gain exposure without dealing with the complexities of wallets or private keys.

IBIT 的成功是由價格和資金流入的反饋循環推動的，而唐納德·特朗普的支持加密貨幣立場等因素也推動了 IBIT 的成功。這釋放了機構需求，讓人想起早期的黃金 ETF。每次價格上漲都會從投資者那裡帶來新的資金，他們渴望在不處理錢包或私鑰複雜性的情況下獲得投資。

Antalpha's Gold Strategy: Tether Gold (XAU₮)

Antalpha的黃金策略：Tether Gold (XAU₮)

In a strategic move, Antalpha Platform Holding Company has invested approximately $43 million in Prestige Wealth Inc. (soon to be Aurelion Inc.), with plans to anchor Aurelion Treasury exclusively in Tether Gold (XAU₮). This move aims to increase access to tokenized gold, offering a safe haven against inflation, fiat currency devaluation, and crypto volatility.

作為一項戰略舉措，Antalpha Platform Holding Company 已向 Prestige Wealth Inc.（即將更名為 Aurelion Inc.）投資約 4300 萬美元，併計劃將 Aurelion Treasury 獨家錨定於 Tether Gold (XAU₮)。此舉旨在增加對代幣化黃金的獲取，為抵禦通貨膨脹、法定貨幣貶值和加密貨幣波動提供避風港。

Paul Liang, CFO of Antalpha, emphasized the importance of gold in safeguarding against economic uncertainties. Tether Gold (XAU₮) is backed by physical gold stored in Switzerland, providing institutional-grade transparency and liquidity.

安泰首席財務官梁保羅強調了黃金在抵禦經濟不確定性方面的重要性。 Tether Gold (XAU₮) 以存儲在瑞士的實物黃金為支撐，提供機構級的透明度和流動性。

The Verdict: A Balancing Act

結論：平衡之舉

So, what’s the takeaway? Bitcoin's journey is far from a straight shot to the moon. While BlackRock's ETF is redefining mainstream adoption and institutional interest remains strong, potential setbacks and competition from traditional assets like gold keep things interesting. Antalpha’s move into Tether Gold highlights the ongoing quest for stability and resilience in the digital asset space.

那麼，要點是什麼？比特幣的旅程遠非直線上升。儘管貝萊德的 ETF 正在重新定義主流採用，並且機構興趣依然強勁，但潛在的挫折和來自黃金等傳統資產的競爭讓事情變得有趣。 Antalpha 進軍 Tether Gold 凸顯了數字資產領域對穩定性和彈性的持續追求。

Final Thoughts

最後的想法

Whether you're a Bitcoin believer or a gold guru, one thing's for sure: the financial landscape is constantly evolving. Keep your eyes peeled and your wits about you, because in the world of crypto and precious metals, anything can happen! And hey, maybe it's time to diversify... a little Bitcoin, a little gold, and a whole lot of curiosity!

無論您是比特幣信徒還是黃金大師，有一件事是肯定的：金融格局在不斷發展。保持警惕，保持理智，因為在加密貨幣和貴金屬的世界裡，任何事情都有可能發生！嘿，也許是時候多元化了……一點比特幣，一點黃金，還有一大堆好奇心！