美元，股票和高盛：騎加密貨幣浪潮到未來

當美元面對壓力時，高盛的眼睛是加密整合。股票在AI和放鬆管制中湧現。加密是新的避風港嗎？讓我們潛水。

US Dollar, Stocks, and Goldman Sachs: Riding the Crypto Wave into the Future

美元，股票和高盛：騎加密貨幣浪潮到未來

The US dollar's future is uncertain, stocks are soaring, and Goldman Sachs is diving deeper into crypto. Buckle up, it's a wild ride!

美元的未來是不確定的，股票飛漲，高盛（Goldman Sachs）正在深入研究加密貨幣。係好，這是一次瘋狂的旅程！

Goldman Sachs and the Shifting Sands of Currency

高盛薩克斯和貨幣變化的沙子

Goldman Sachs has been making waves with its analysis of the US dollar. Ashok Varadhan, a top executive, suggests the dollar might have further to fall. Fiscal concerns and a ballooning national budget deficit are fueling this bearish outlook. But here's the twist: Goldman also points out that other developed markets are facing similar challenges. Could gold and Bitcoin be the answer? Varadhan thinks so, suggesting they could climb relative to fiat currencies as a hedge against devaluation.

高盛薩克斯（Goldman Sachs）對美元的分析一直在浪潮。高級主管Ashok Varadhan表示，美元可能會進一步跌落。財政問題和激烈的國家預算赤字正在推動這種看跌的前景。但這是轉折：高盛還指出，其他發達市場也面臨著類似的挑戰。黃金和比特幣可以是答案嗎？瓦拉達（Varadhan）這樣認為，表明他們可以相對於法定貨幣攀升，以作為防禦貶值的樹籬。

Stocks: Super Bullish Despite All-Time Highs?

股票：儘管有歷史高峰，超級看好？

Despite stocks reaching all-time highs, Varadhan remains 'super bullish' on equities. Why? He cites deregulation under the Trump administration and advancements in artificial intelligence as key drivers. Deregulation could stimulate the economy, while AI could boost company profits. He emphasizes that we're only in the early stages of AI implementation, hinting at a significant productivity dividend to come.

儘管股票達到歷史最高點，但瓦拉丹仍然對股票“超級看漲”。為什麼？他列舉了特朗普政府下的放鬆管制，並在人工智能方面的進步作為關鍵驅動力。放鬆管制可以刺激經濟，而人工智能可以提高公司利潤。他強調，我們只是在AI實施的早期階段，暗示了即將來臨的生產力股息。

India's Currency Intervention: A Sign of the Times?

印度的貨幣干預：時代的標誌？

Meanwhile, India has been accused of intervening in currency markets to protect the rupee by selling off US dollars. This isn't just an Indian phenomenon; countries like Japan and China have also been accused of similar tactics. It's a temporary fix, buying time to strategize before the USD goes on a rampage. The rising US dollar is putting pressure on Asian currencies, but could this be a short-lived surge?

同時，印度被指控介入貨幣市場來通過出售美元來保護盧比。這不僅僅是印度現象。日本和中國等國家也被指控採取類似的策略。這是一個臨時的修復，購買時間在美元橫衝直撞之前製定策略。美元上升的美元正對亞洲貨幣施加壓力，但這可能是短暫的激增嗎？

Crypto's Institutional Momentum: Goldman Sachs Leading the Charge

加密的機構勢頭：高盛領導的高盛

The big story is the growing institutional interest in crypto, and Goldman Sachs is playing a significant role. Seven new ETF applications tied to Bitcoin, Uniswap, and Avalanche have intensified Wall Street's focus. Goldman Sachs significantly increased its Ethereum ETF holdings by 2000% to $476 million and doubled its Bitcoin ETF investments to $1.5 billion in Q4 2024. BlackRock's iShares Bitcoin Trust has already amassed $95 billion in assets under management. The rise of crypto is further bolstered by favorable legislation and its emergence as a safe-haven asset.

最大的故事是對加密貨幣的機構興趣日益增長，高盛（Goldman Sachs）發揮了重要作用。與比特幣，Uniswap和Avalanche相關的七個新ETF應用程序已加強了華爾街的重點。高盛將其以太坊ETF持有量大大增加了2000％，達到4.76億美元，並將其比特幣ETF投資翻了一番，達到42024年第4季度。 BlackRock的Ishares Bitcoin Trust已經積累了950億美元的管理資產。加密的興起得到了有利的立法及其作為安全資產的出現的進一步加強。

The Tokenization of Everything: A New Financial Landscape

一切的令牌化：新的金融景觀

Larry Fink's vision of "tokenization of everything" is becoming a reality. We're seeing experimentation with tokenized Treasuries, mortgages, and carbon credits. Franklin Templeton and Bitwise Asset Management have launched ETFs targeting Ether and DeFi indices. Cantor Fitzgerald's FMX division is clearing billions in tokenized bond repos. Even regulators are getting involved, with Hong Kong introducing sandbox rules for on-chain settlements.

拉里·芬克（Larry Fink）對“萬物令牌化”的願景正在成為現實。我們正在看到具有令牌化的國庫，抵押和碳信用額的實驗。富蘭克林·鄧普頓（Franklin Templeton）和位資產管理（Bitwise Asset Management）啟動了針對以太和DEFI指數的ETF。坎托·菲茨杰拉德（Cantor Fitzgerald）的FMX部門正在清除幾十億美元的債券存儲庫。即使是監管機構也參與其中，香港推出了用於鍊鍊定居點的沙盒規則。

A Crypto-Fueled Future?

一個加密貨運的未來？

So, what does it all mean? The US dollar faces headwinds, stocks are riding high on AI and deregulation, and Goldman Sachs is embracing crypto in a big way. It looks like the future of finance is intertwined with digital assets, and while challenges remain, the momentum is undeniable. Maybe it's time to dust off that old Bitcoin wallet, eh?

那麼，這意味著什麼？美元面對逆風，股票在AI和放鬆管制下佔上風，高盛（Goldman Sachs）在很大程度上擁抱加密貨幣。看來金融的未來與數字資產交織在一起，儘管仍然存在挑戰，但勢頭是不可否認的。也許是時候把那個舊的比特幣錢包除塵了，是嗎？