比特幣是“價格”的猜測，持久的“價值”

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Bitcoin (BTC-TRUST) - "price" speculation is still running hot, but it's an enduring 'value' that gold (GLD) has over the crypto king, at least according to Incrementum.

比特幣（BTC -Trust） - “價格”的猜測仍在持續很熱，但至少根據Cremementum，Gold（GLD）對加密貨幣國王的持久“價值”。

In Incrementum's latest "The Complete History of Bitcoin, Cycles, State of Affairs, and Investment Opportunities" report, macroeconomic analysis firm says the way Bitcoin is discussed - in terms of "price" - is largely misplaced.

宏觀經濟分析公司說，在Cremementum最新的“比特幣，週期，事態和投資機會的完整歷史”報告中，討論了比特幣的方式 - 就“價格”而言 - 在很大程度上放錯了位置。

"It is not about the price but the value that an asset provides to society and the economy," Incrementum says, adding that in this regard, "gold has clear advantages."

“這無關，而是資產對社會和經濟提供的價值，”

The firm continues: "If one follows the narratives in the financial press, it appears that cryptocurrencies are becoming an increasingly hot topic, while interest in gold is waning. However, if one looks at the economic and geopolitical trends shaping the world today, it is clear that gold is still the more relevant asset class for investors concerned about inflation, currency devaluations, and other macroeconomic risks."Incrementum lists four key observations that highlight why gold is still the better investment in the current environment.

公司繼續說：“如果人們遵循財務媒體的敘述，似乎加密貨幣正在成為一個越來越熱的話題，而對黃金的興趣正在減弱。但是，如果人們關注當今世界的經濟和地緣政治趨勢，那麼顯然，黃金仍然是對投資者的相關資產，即對通貨膨脹，貨幣範圍的範圍較為相關的階級，而貨幣範圍的範圍卻是一定的，以及貨幣偏差，以及其他範圍的範圍，以及其他範圍，以及其他範圍，以及其他範圍。黃金仍然是對當前環境的更好投資。

First, Incrementum notes that Bitcoin is still largely defined by its price movements, which have been rapid and dramatic in recent years.

首先，增量指出，比特幣仍然在很大程度上取決於其價格變動，這在近年來一直是迅速而戲劇性的。

"This focus on price is misplaced, as it fails to take into account the fundamental value that an asset provides to society and the economy," Incrementum says. "In contrast, gold has a long history of being recognized for its enduring value, both monetary and economic."

“對價格的關注是放錯了位置的，因為它沒有考慮到資產為社會和經濟提供的基本價值。” “相比之下，黃金以其持久價值（無論是貨幣還是經濟）而受到認可的悠久歷史。”

Second, Incrementum highlights how the narrative around crypto has shifted rapidly in response to events such as the FTX collapse and the broader macroeconomic downturn.

其次，增量強調了加密貨幣周圍的敘事如何響應FTX崩潰和更廣泛的宏觀經濟下滑的事件而迅速轉移。

"This constant need for readjustment can be exhausting for investors, who may find themselves feeling lost in a sea of conflicting opinions and analysis," Incrementum says. "Gold, on the other hand, has remained a stable store of value for centuries, providing investors with a haven from the volatility of the markets."

“這種不斷調整的需求可能會使投資者筋疲力盡，他們可能會發現自己在意見和分析矛盾的海洋中迷失了，” “另一方面，黃金已經在數百年中一直保持穩定的價值存儲，為投資者提供了避風港的避風港。”

Third, Incrementum notes that a key advantage of Bitcoin is its divisibility, which allows it to be used for small-ticket transactions. However, the firm says this advantage is largely irrelevant in the current environment, where most transactions are still denominated in fiat currencies.

第三，增量指出，比特幣的關鍵優勢在於其可劃分性，這使其可以用於小型票務交易。但是，該公司表示，這一優勢在當前的環境中基本無關，在當前環境中，大多數交易仍在法定貨幣中計價。

"This is in contrast to gold, which has been used as a medium of exchange for thousands of years and has played a key role in the development of global trade and finance," Incrementum says.

“這與黃金相反，黃金已被用作數千年的交流媒介，並且在全球貿易和金融的發展中發揮了關鍵作用。”

Fourth, Incrementum says that while Bitcoin is often touted for its role in fostering financial inclusion, this claim is largely unsubstantiated.

第四，Cremementum說，儘管比特幣在促進金融包容中的作用經常被吹捧，但這種主張在很大程度上是沒有根據的。

"In contrast, gold has a long history of being used by people from all walks of life to preserve their wealth and maintain their economic independence," Incrementum says.

“相比之下，黃金在各行各業以維護自己的財富並維持其經濟獨立性的人中有著悠久的歷史。”

Ultimately, Incrementum says that investors should not be fooled by the hype surrounding cryptocurrencies.

最終，Cremementum說，投資者不應被圍繞加密貨幣的炒作所欺騙。

"While they may have a role to play in the future of finance, they are still a risky investment that is best approached with caution," Incrementum says. "In the current environment, Incrementum believes that investors are better served by focusing on assets with a proven track record of value creation, such as gold."output: Rising inflation and the turbulent macroeconomic outlook have pushed investors toward seeking assets that could provide a hedge against uncertainty. In this search, Incrementum’s latest report provides a unique perspective on why despite the hype around cryptocurrencies, investors are better served by focusing on assets with a proven track record of value creation, such as gold.

Morcementum說：“儘管他們可能在財務的未來中起著作用，但它們仍然是一項危險的投資，最好謹慎行事。” “在當前的環境中，增生認為，通過專注於具有良好價值創造價值記錄的資產（例如黃金），可以更好地為投資者提供服務。”輸出：通貨膨脹率上升和動蕩的宏觀經濟前景促使投資者促使投資者尋求可以為不確定性提供對沖的資產。在此搜索中，增生的最新報告提供了一個獨特的觀點，說明了為什麼涉及加密貨幣的原因，通過專注於具有可靠的價值創造紀錄的資產（例如黃金），可以更好地為投資者服務。

The firm’s analysis delves into the misplaced priorities in the discussions surrounding Bitcoin (BTC-TRUST)

該公司的分析研究了圍繞比特幣（BTC-Trust）的討論中的錯位優先事項

. In Incrementum’s view, the manner in which Bitcoin is discussed - largely in terms of “price” - misses the mark.

。從增量看來，討論比特幣的方式 - 主要在“價格”方面 - 錯過了標記。

“It is not about the price but the value that an asset provides to society and the economy. In this regard, gold has clear advantages,” Incrementum says.

“這與資產對社會和經濟提供的價值無關。在這方面，黃金具有明顯的優勢。”

If one follows the narratives in the financial press, it appears that cryptocurrencies are becoming an increasingly hot topic, while interest in gold is waning. However, if one looks at the economic and geopolitical trends shaping the world today, it is clear

如果人們遵循金融媒體的敘述，則似乎加密貨幣正在成為一個越來越熱的話題，而對黃金的興趣正在減弱。但是，如果人們看著當今世界的經濟和地緣政治趨勢，很明顯