Bitwise Cio Matt Hougan：比特幣是國王，但多元化是關鍵

儘管比特幣繼續領導當前的公牛週期（由現貨ETF流入和公司積累提供支持），但Bitwise Cio Matt Hougan表示，投資者不應忽略更廣泛的加密貨幣景觀。

Despite Bitcoin’s continued dominance of the current bull cycle — driven by spot ETF inflows and corporate accumulation — investors shouldn’t neglect the broader crypto landscape, according to Bitwise CIO Matt Hougan.

根據Bitwise Cio Matt Hougan的說法，儘管比特幣一直在當前的公牛週期（由ETF流入和公司積累驅動）驅動，但投資者不應忽略更廣泛的加密貨幣景觀。

In a recent note to clients, Hougan likened Bitcoin’s preeminence to Google’s dominance in 2004, asserting that although Bitcoin is “digital gold” and the only asset with the potential to become a globally significant currency, it shouldn’t be the sole crypto in an investor’s portfolio.

在最近對客戶的註釋中，霍根將比特幣的優勢比作2004年的Google的統治地位，並斷言，儘管比特幣是“數字黃金”，並且有可能成為全球重要貨幣的唯一資產，但它不應該是投資者投資組合中的唯一加密貨幣。

“Bitcoin is the king — largest, most liquid, most established,” Hougan stated. “But that doesn’t mean it should be the only thing you own.”

霍根說：“比特幣是國王 - 最大，最液體，最成熟的國王。” “但這並不意味著它應該是您唯一擁有的東西。”

He highlighted Ethereum’s substantial recovery, surging 40% over the past week, as an indicator of the growing strength in the altcoin sector.

他強調了以太坊的實質性恢復，在過去一周中飆升了40％，以表明Altcoin行業的實力越來越大。

This surge has brought renewed focus on the importance of diversification in the crypto market, particularly as the sector matures and institutional participation increases.

這種激增使人們重新關注加密市場多元化的重要性，尤其是隨著行業的成熟和機構參與的增長。

As Hougan noted, the crypto market is still relatively young, and like any new asset class, it takes time for institutions to fully engage.

正如Hougan所指出的那樣，加密市場仍然相對年輕，並且像任何新的資產類別一樣，機構需要時間才能充分參與。

“We’re still in the early stages of this new asset class and it will take some time for institutions to get comfortable with the asset class in general and Bitwise’s role within it,” he said.

他說：“我們仍處於這個新資產類別的早期階段，機構將需要一些時間來滿足總體和比特方面的作用。”

However, he believes that as more institutions enter the space, they will naturally seek to diversify their crypto holdings beyond Bitcoin.

但是，他認為，隨著越來越多的機構進入該空間，他們自然會尋求多樣化的加密貨幣，而不是比特幣。

This move toward diversification is already evident, with several large institutions, such as Goldman Sachs and Charles Schwab, applying for approval to launch their own Bitcoin ETFs.

朝著多元化的轉變已經很明顯，有幾個大型機構，例如高盛和查爾斯·施瓦布（Charles Schwab），申請批准啟動自己的比特幣ETF。

Moreover, the U.S. Securities and Exchange Commission (SEC) recently approved the first spot cryptocurrency ETF in the United States, setting the stage for further institutional interest in the crypto market.

此外，美國證券交易委員會（SEC）最近批准了美國的第一名加密貨幣ETF，為加密市場的進一步機構利益奠定了基礎。

With the crypto sector constantly evolving, it will be interesting to observe how institutional participation shapes the future of digital assets.output: Bitcoins (BTC) are seen on display at the Bitcoin Center in San Salvador, El Salvador, July 21, 2023.

隨著加密貨幣行業的不斷發展，觀察機構參與如何塑造數字資產的未來將很有趣。出口：比特幣（BTC）在2023年7月21日在El Salvador的San Salvador的比特幣中心展出。

Bitcoin is the foundation, not the whole house, according to Bitwise CIO Matt Hougan.

根據Bitwise Cio Matt Hougan的說法，比特幣是基礎，而不是整個房子。

In a recent note to clients, Hougan likened Bitcoin’s preeminence to Google’s dominance in 2004, asserting that it is “digital gold” and the only asset with the potential to become a globally significant currency. However, he believes it shouldn’t be the sole crypto in an investor’s portfolio.

在最近給客戶的註釋中，霍根將比特幣的優勢比作2004年的Google的統治地位，認為這是“數字黃金”，也是唯一有可能成為全球重要貨幣的資產。但是，他認為這不應該是投資者投資組合中的唯一加密貨幣。

“Bitcoin is the king — largest, most liquid, most established,” Hougan stated. “But that doesn’t mean it should be the only thing you own.”

霍根說：“比特幣是國王 - 最大，最液體，最成熟的國王。” “但這並不意味著它應該是您唯一擁有的東西。”

He highlighted Ethereum’s substantial recovery, surging 40% over the past week, as an indicator of the growing strength in the altcoin sector.

他強調了以太坊的實質性恢復，在過去一周中飆升了40％，以表明Altcoin行業的實力越來越大。

This surge has brought renewed focus on the importance of diversification in the crypto market, particularly as the sector matures and institutional participation increases.

這種激增使人們重新關注加密市場多元化的重要性，尤其是隨著行業的成熟和機構參與的增長。

As Hougan noted, the crypto market is still relatively young, and like any new asset class, it takes time for institutions to fully engage.

正如Hougan所指出的那樣，加密市場仍然相對年輕，並且像任何新的資產類別一樣，機構需要時間才能充分參與。

“We’re still in the early stages of this new asset class and it will take some time for institutions to get comfortable with the asset class in general and Bitwise’s role within it,” he said.

他說：“我們仍處於這個新資產類別的早期階段，機構將需要一些時間來滿足總體和比特方面的作用。”

However, he believes that as more institutions enter the space, they will naturally seek to diversify their crypto holdings beyond Bitcoin.

但是，他認為，隨著越來越多的機構進入該空間，他們自然會尋求多樣化的加密貨幣，而不是比特幣。

This move toward diversification is already evident, with several large institutions, such as Goldman Sachs and Charles Schwab, applying for approval to launch their own Bitcoin ETFs.

朝著多元化的轉變已經很明顯，有幾個大型機構，例如高盛和查爾斯·施瓦布（Charles Schwab），申請批准啟動自己的比特幣ETF。

Moreover, the U.S. Securities and Exchange Commission (SEC) recently approved the first spot cryptocurrency ETF in the United States, setting the stage for further institutional interest in the crypto market.

此外，美國證券交易委員會（SEC）最近批准了美國的第一名加密貨幣ETF，為加密市場的進一步機構利益奠定了基礎。

With the crypto sector constantly evolving, it will be interesting to observe how institutional participation shapes the future of digital assets.

隨著加密行業不斷發展，觀察機構參與如何塑造數字資產的未來將很有趣。