Cathie Wood：貨幣困境中「逃向安全」推動比特幣上漲

ARK Invest 執行長凱西·伍德(Cathie Wood) 斷言，比特幣的飆升不僅僅是由於交易所交易基金(ETF) 的推出，而且主要是由於其在對法定貨幣貶值的擔憂中作為「避險資產」的吸引力所推動。她強調了比特幣作為風險投資和避險投資的雙重性質，並強調了法定貨幣貶值的影響，例如尼日利亞和埃及的情況，是比特幣價格上漲的催化劑。

Cathie Wood: Bitcoin's Surge Driven by 'Flight to Safety' Amidst Currency Devaluation

Cathie Wood：貨幣貶值期間「逃向安全」推動比特幣飆升

Renowned investor Cathie Wood, CEO of ARK Invest, has challenged the prevalent narrative that Bitcoin's recent price surge is solely attributable to the introduction of Bitcoin exchange-traded funds (ETFs). In a thought-provoking interview with CNBC, Wood asserted that Bitcoin is gaining widespread recognition as a "flight to safety" amidst growing concerns about the depreciation of fiat currencies.

ARK Invest 執行長、著名投資者 Cathie Wood 對比特幣近期價格飆升完全歸因於比特幣交易所交易基金 (ETF) 推出的流行說法提出了挑戰。伍德在接受 CNBC 一次發人深省的採訪時斷言，在人們對法定貨幣貶值的擔憂日益加劇的情況下，比特幣作為一種「避險資產」正在獲得廣泛認可。

Wood emphasized Bitcoin's unique duality as both a risk-on and risk-off asset. She highlighted the significance of fiat currency devaluation as a primary catalyst for Bitcoin's current price momentum. While the launch of ETFs has garnered considerable attention, Wood believes that the broader global economic landscape is playing a pivotal role in Bitcoin's ascent.

伍德強調了比特幣作為風險資產和風險規避資產的獨特雙重性。她強調了法定貨幣貶值作為比特幣當前價格動能的主要催化劑的重要性。雖然 ETF 的推出引起了相當大的關注，但伍德認為，更廣泛的全球經濟格局在比特幣的上漲中發揮關鍵作用。

She cited instances of currency devaluations, such as the Nigerian naira and Egyptian pound, which have suffered significant value erosion against the U.S. dollar due to deliberate government interventions rather than market forces. Wood characterized Bitcoin as a formidable hedge against currency devaluation and loss of purchasing power, effectively positioning it as an insurance policy against unfavorable fiscal and monetary policies adopted by governments.

她列舉了尼日利亞奈拉和埃及鎊等貨幣貶值的例子，由於政府的故意幹預而不是市場力量，這些貨幣兌美元遭受了嚴重的貶值。伍德將比特幣描述為針對貨幣貶值和購買力損失的強大對沖工具，有效地將其定位為針對政府採取的不利財政和貨幣政策的保險政策。

Wood drew parallels with previous financial crises, such as the U.S. regional banking crisis of 2023 and the Greek financial crisis of 2013, to underscore Bitcoin's role as a safeguard against adverse economic conditions. She posited that as governments continue to pursue imprudent fiscal and monetary policies, Bitcoin will increasingly be sought after as a store of value and a hedge against inflation.

伍德將先前的金融危機（例如 2023 年的美國地區銀行危機和 2013 年的希臘金融危機）進行了類比，以強調比特幣作為抵禦不利經濟狀況的保障的作用。她認為，隨著各國政府繼續奉行不審慎的財政和貨幣政策，比特幣作為一種價值儲存手段和對沖通膨的手段將越來越受到追捧。

Despite ARK's ETF product competing with other major asset managers, recent data revealed uncharacteristic net outflows of nearly $90 million. Wood attributed this to quarterly rebalancing flows and maintained her unwavering optimism about Bitcoin's long-term prospects. She projected a conservative price target of $1 million by 2030, which she believes will be driven by growing institutional adoption.

儘管ARK的ETF產品與其他主要資產管理公司競爭，但最近的數據顯示反常的淨流出接近9,000萬美元。伍德將此歸因於季度流量再平衡，並對比特幣的長期前景保持堅定的樂觀態度。她預計到 2030 年保守的目標價為 100 萬美元，她認為這將受到機構採用率不斷提高的推動。

Wood's bullish stance on Bitcoin remains unwavering, despite the fluctuations in fund flows. She emphasized Bitcoin's compelling value proposition as a hedge against government fiscal policies and currency devaluation, effectively positioning it as a beacon of stability in an increasingly volatile financial landscape.

儘管資金流向出現波動，但伍德對比特幣的看漲立場依然堅定不移。她強調比特幣作為對沖政府財政政策和貨幣貶值的引人注目的價值主張，有效地將其定位為日益動盪的金融環境中的穩定燈塔。

In conclusion, Cathie Wood's insights provide a compelling perspective on Bitcoin's recent price surge. She contends that the cryptocurrency's ascent is not merely a byproduct of ETF introductions but a testament to its inherent value as a sanctuary asset in the face of currency devaluation and economic uncertainty. As governments continue to experiment with fiscal and monetary policies, Bitcoin's role as a safe haven is likely to solidify, driving its price towards even greater heights in the years to come.

總而言之，Cathie Wood 的見解為比特幣近期價格飆升提供了令人信服的視角。她認為，加密貨幣的崛起不僅僅是 ETF 推出的副產品，而且證明了其在貨幣貶值和經濟不確定性面前作為避難資產的內在價值。隨著各國政府繼續嘗試財政和貨幣政策，比特幣作為避風港的角色可能會得到鞏固，推動其價格在未來幾年達到更高的高度。