黃金需求，全球儲備和比特幣：新世界秩序？

隨著黃金需求不斷上升，比特幣的數字黃金敘事以及以太坊不斷增長的機構吸引力，探索全球儲量的變化動態。

Gold Demand, Global Reserves, and Bitcoin: A New World Order?

黃金需求，全球儲備和比特幣：新世界秩序？

The landscape of global finance is shifting. Gold's resurgence, Bitcoin's digital gold narrative, and the rise of Ethereum are reshaping traditional reserve assets. Buckle up, it's gonna be a wild ride!

全球金融的景觀正在發生變化。 Gold的複興，比特幣的數字黃金敘事以及以太坊的興起正在重塑傳統的儲備資產。扣緊，這將是一次瘋狂的旅程！

Gold's Golden Comeback

黃金的黃金復出

Gold is making a serious comeback as a global reserve asset. The BRICS nations, in their push for dedollarization, are loading up on the yellow metal. In fact, gold's share as a global reserve currency jumped by 3% in the first quarter of 2025, hitting a 30-year high of around 24%. Meanwhile, the U.S. dollar's share dipped to its lowest since the 1990s.

黃金作為全球儲備資產正在認真捲土重來。金磚國家在推動脫皮的推動下，正在黃金上加載。實際上，戈德作為全球儲備貨幣的份額在2025年第一季度上升了3％，達到了30年的24％。同時，美元的份額降至1990年代以來的最低水平。

And get this: Gold even surpassed the Euro in 2024 to become the second-largest global reserve asset. Tokenized gold is also gaining traction, with a valuation of about $2.59 billion, signaling a digital twist to this classic asset.

並得到這個：黃金在2024年甚至超過了歐元，成為第二大全球儲備資產。令牌化的黃金也在吸引人的關注，估值約為25.9億美元，這表明了這一經典資產的數字轉折。

Bitcoin: Digital Gold or Just Hype?

比特幣：數字黃金還是只是炒作？

Bitcoin is often touted as "digital gold," and even Fed Chair Jerome Powell has acknowledged it. Institutional investors and even nation-states are increasingly viewing it as a hedge against inflation. JPMorgan analysts even suggest Bitcoin is undervalued relative to gold, with a midterm target of $126k fueled by strategic corporate BTC reserves.

比特幣經常被吹捧為“數字黃金”，甚至餵養主席杰羅姆·鮑威爾（Jerome Powell）也承認了這一點。機構投資者甚至民族國家越來越多地將其視為抵制通貨膨脹的對沖。摩根大通分析師甚至認為，比特幣相對於黃金而被低估了，中期目標為12.6萬美元，由戰略公司BTC儲備金推動。

But here's the kicker: Bitcoin, being scarcer and having more real-world utility than gold, could organically grow its share as a global reserve currency, especially if more countries follow the U.S. in adopting strategic Bitcoin reserves.

但是，這是踢球者：比特幣，稀缺，擁有比黃金更多的現實效用，可以有機地增加其作為全球儲備貨幣的份額，尤其是如果更多國家跟隨美國採用戰略性比特幣儲備。

Ethereum's Overtaking Bitcoin?

以太坊超車的比特幣？

Hold on, though. While Bitcoin is battling for the “digital gold” crown, Ethereum is quietly becoming the darling of professional investors. According to Bitwise CIO Matt Hougan, many investors are skipping Bitcoin and diving straight into Ethereum, drawn by its utility in decentralized finance, smart contracts, and Web3 applications.

不過，請堅持下去。儘管比特幣正在爭奪“數字黃金”冠冕，但以太坊正在悄悄地成為專業投資者的寵兒。根據Bitwise Cio Matt Hougan的說法，許多投資者正在跳過比特幣並直接潛入以太坊，這是由於其在分散的財務，智能合約和Web3應用程序中的實用性所吸引的。

Why? Because many institutions don't even own gold! They see Bitcoin as a digital version of something they never allocated to in the first place. Ethereum, on the other hand, fits nicely into portfolios already focused on innovative technologies.

為什麼？因為許多機構甚至都不擁有黃金！他們將比特幣視為從未分配給的東西的數字版本。另一方面，以太坊非常適合已經專注於創新技術的投資組合。

In August 2025, Ethereum Spot ETFs purchased a whopping $3.87 billion worth of ETH, driven by professional investors. BlackRock, with its $3.38 billion ETH allocation versus $707 million in Bitcoin, is leading the charge. And with nearly 36 million ETH locked in staking contracts, offering a steady 3% reward, Ethereum is becoming increasingly attractive for long-term institutional portfolios.

2025年8月，以太坊現貨ETF購買了由專業投資者驅動的價值高達38.7億美元的ETH。貝萊德（BlackRock）以33.8億美元的ETH分配與比特幣的7.07億美元分配，正在領導這一費用。隨著近3600萬ETH鎖定合同，提供了穩定的3％獎勵，以太坊對長期機構投資組合變得越來越有吸引力。

The Future is Now

未來現在是

So, what does all this mean? The world of global reserves is evolving. Gold is making a strong comeback, Bitcoin is vying for the “digital gold” title, and Ethereum is emerging as a favorite among institutional investors. It's a brave new world of digital assets and shifting financial power. Stay tuned—it’s only going to get more interesting from here!

那麼，這意味著什麼？全球儲備世界正在發展。黃金正在強烈捲土重來，比特幣爭奪“數字黃金”頭銜，以太坊正成為機構投資者的最愛。這是一個勇敢的數字資產和轉移財務能力的新世界。請繼續關注 - 從這裡只會變得更加有趣！