比特幣與黃金：數字時代的價值攤牌

比特幣是新黃金嗎？將比特幣作為價值資產的興起分析，並將其與黃金在數字金融和不斷發展的投資者情緒中的傳統統治地位進行比較。

The Digital Gold Rush: Bitcoin vs. Gold

數字淘金熱：比特幣與黃金

Bitcoin's increasingly viewed as 'digital gold,' challenging gold's reign as the ultimate store-of-value asset. Macro trends, regulatory clarity, and institutional adoption are fueling this shift, setting the stage for a fascinating battle.

比特幣越來越被視為“數字黃金”，挑戰黃金的統治是最終的價值存儲資產。宏觀趨勢，法規清晰度和機構採用促進了這一轉變，為一場令人著迷的戰鬥奠定了基礎。

Macroeconomic Winds Favoring Bitcoin

宏觀經濟有利於比特幣

Investors are scrambling for assets that can weather inflation, currency devaluation, and geopolitical storms. While gold has traditionally been the go-to safe haven, Bitcoin offers unique advantages. Unlike gold, Bitcoin is programmable, divisible, and borderless, making it a superior hedge in our increasingly digital and de-dollarizing world. As of April 2025, gold ETFs saw significant inflows, but Bitcoin ETFs, especially those with low expense ratios like BlackRock's IBIT, are rapidly catching up, attracting billions in net flows.

投資者爭先恐後地尋找可以天氣通貨膨脹，貨幣貶值和地緣政治風暴的資產。傳統上，黃金是首選的避風港，但比特幣具有獨特的優勢。與黃金不同，比特幣是可編程，可分配且無邊界的，這使其成為我們日益數字化和損失的世界中的優越的樹籬。截至2025年4月，黃金ETF的流入量很大，但是比特幣ETF，尤其是那些像貝萊德IBIT（BlackRock ibit）的費用較低的比特幣ETF正在迅速趕上，吸引了數十億美元的淨流。

Bitcoin's Structural Edge: Immutable and Borderless

比特幣的結構邊緣：不變，無邊界

Bitcoin's inherent properties set it apart. It can be transferred instantly and securely, and its immutability, thanks to blockchain, ensures transparency and censorship resistance. For institutions, this means a store of value that’s verifiable and portable—a game-changer in an era of capital controls and sanctions.

比特幣的固有屬性將其與眾不同。它可以立即，安全地轉移，並且由於區塊鏈的不變性確保了透明度和審查阻力。對於機構而言，這意味著可以驗證和便攜的價值存儲，這是一個改變資本控制和製裁時代的遊戲規則。

Corporate Adoption: The Strategy Effect

公司採用：策略效應

More and more companies are adding Bitcoin to their balance sheets. Strategy, formerly MicroStrategy, is leading the charge with a massive BTC holding. Their stock's meteoric rise has inspired other corporate treasuries to follow suit, with analysts predicting a significant percentage of S&P 500 companies will hold Bitcoin by 2030. This surge in adoption strengthens Bitcoin's narrative as a legitimate store of value.

越來越多的公司在其資產負債表中增加了比特幣。以前是微型策略的策略正在以大量的BTC持有率領導指控。他們的股票的迅速崛起激發了其他公司國庫的效仿，分析師預測，到2030年，標準普爾500指數中有很大一部分將容納比特幣。這種收養的激增增強了比特幣的敘述，因為比特幣的敘述是價值合法的商店。

ETFs: Bridging the Gap Between Traditional and Digital Finance

ETF：彌合傳統和數字融資之間的差距

The approval of U.S. spot Bitcoin ETFs in 2024 was a watershed moment. These ETFs have made Bitcoin accessible to a wider range of investors, both institutional and retail. As Bitcoin ETFs accumulate a larger share of the circulating supply, Bitcoin's position as a mainstream asset is solidified.

2024年，美國比特幣ETF的認可是一個分水嶺。這些ETF使比特幣可用於機構和零售的更多投資者。隨著比特幣ETF積累了更大的循環供應份額，比特幣作為主流資產的地位被鞏固了。

Gold's Limitations in a Digital World

黃金在數字世界中的限制

While gold has a massive market cap, its physical nature limits its scalability. Bitcoin's programmability allows for innovative use cases that gold simply can't replicate. As institutions seek higher returns and diversification, Bitcoin's flexibility will likely outweigh gold's historical dominance.

儘管黃金具有巨大的市值，但其物理性質限制了其可擴展性。比特幣的可編程性允許黃金根本無法複製的創新用例。隨著機構尋求更高的回報和多元化，比特幣的靈活性可能會超過黃金的歷史統治地位。

Bitcoin: The Safe Bet?

比特幣：安全賭注？

Michael Saylor of Strategy has suggested investors might ditch gold for Bitcoin, especially if tariffs on gold imports become a reality. Saylor argues that Bitcoin's digital nature makes it immune to such tariffs, highlighting its superiority over physical assets. This sentiment echoes Peter Brandt's prediction that Bitcoin will emerge as the ultimate store of value.

戰略邁克爾·塞勒（Michael Saylor）表示，投資者可能會為比特幣拋棄黃金，尤其是如果對黃金進口的關稅成為現實。 Saylor認為，比特幣的數字性質使其不受此類關稅的影響，從而強調了其優越性優於物理資產。這種情緒呼應了彼得·布蘭特（Peter Brandt）的預測，即比特幣將成為最終的價值存儲。

VanEck's Perspective: Bitcoin as Digital Gold

Vaneck的觀點：比特幣作為數字黃金

VanEck's CEO, Jan van Eck, has consistently championed Bitcoin as

Vaneck的首席執行官Jan Van Eck一直倡導比特幣為