引入比特幣消費價格指數（BTCCPI）

在公司融資中，通貨膨脹通常被認為是不可避免的力量，可以對沖，但永遠不會逃脫。

In corporate finance, inflation is often accepted as an unavoidable force — something to hedge against, but never escape. Every fiscal model, investment thesis, and capital plan ultimately bends around it. But the way we measure inflation is rarely questioned.

在公司融資中，通貨膨脹通常被認為是不可避免的力量，這是對沖的，但永遠不會逃脫。每個財政模型，投資論文和資本計劃最終都會圍繞它彎腰。但是我們衡量通貨膨脹的方式很少受到質疑。

The Consumer Price Index (CPI), the world’s default inflation gauge, measures price changes of a basket of goods in fiat currency. But here’s the problem: fiat currencies are designed to lose value. This means we’re measuring rising prices with a yardstick that’s shrinking.

全球默認通貨膨脹量表的消費者價格指數（CPI）衡量了一籃子商品的價格變化。但這是問題：法定貨幣旨在失去價值。這意味著我們正在通過縮小的碼數來衡量價格上漲。

Now, Samara Asset Group, an executive member of Bitcoin For Corporations (BFC), is challenging that convention. They’ve launched the world’s first Bitcoin Consumer Price Index (BTCCPI) — a bold new benchmark that prices the same CPI basket in Bitcoin instead of fiat. It’s a subtle shift with profound implications: Bitcoin isn’t just an asset — it may be a better measure of value.

現在，公司比特幣（BFC）的執行成員薩馬拉資產集團（Samara Asset Group）挑戰了這一慣例。他們推出了世界上第一個比特幣消費者價格指數（BTCCPI），這是一種大膽的新基準，它在比特幣而不是菲亞特的CPI籃子上定價。這是一個微妙的轉變，具有深刻的影響：比特幣不僅是一種資產，而且可能是更好的價值衡量標準。

A Yardstick That Doesn’t Melt

一個不融化的碼

Think of CPI as a thermometer — only the mercury keeps rising not just because the heat is increasing, but because the scale is broken. Traditional CPI always trends upward, not necessarily because goods become more valuable, but because the purchasing power of fiat currency is constantly eroded by inflationary policy.

將CPI視為溫度計 - 只有汞不斷上升，這不僅是因為熱量在增加，而且還因為刻度破裂。傳統的CPI總是向上趨勢，這並不一定是因為商品變得更有價值，而是因為菲亞特貨幣的購買力不斷受到通貨膨脹政策的侵蝕。

Samara’s BTCCPI flips the framing. By expressing the same CPI basket in Bitcoin, the index reflects what happens when measured against a supply-capped, non-sovereign monetary standard. And what it reveals is striking: over the long term, prices trend downward.

薩馬拉（Samara）的BTCCPI翻轉了框架。通過在比特幣中表達相同的CPI籃子，該指數反映了針對供應限制的非主管貨幣標准進行測量時發生的情況。它揭示的是驚人的：從長遠來看，價格向下趨勢。

[Samara Asset Group launches the world's first Bitcoin Consumer Price Index (BTCCPI), a new benchmark that prices the same CPI basket in Bitcoin instead of fiat. Credit: Samara Asset Group]

[薩馬拉資產集團（Samara Asset Group）推出了世界上第一個比特幣消費者價格指數（BTCCPI），這是一種新的基準測試，該基准在比特幣而不是菲亞特（Bitcoin）代替相同的CPI籃子。學分：薩馬拉資產組]

The BTCCPI doesn’t ignore Bitcoin’s volatility — but it reframes it. In short-term windows, prices fluctuate. But across longer timeframes, Bitcoin holds purchasing power far better than fiat.

BTCCPI並不忽略比特幣的波動性，但它重新構建了。在短期窗口中，價格波動。但是，在較長的時間範圍內，比特幣擁有的購買力遠勝於菲亞特。

This is not just a reframing of inflation. It’s a more honest way to assess whether capital is holding its value — or being silently diluted.

這不僅是通貨膨脹的重新標記。這是評估資本是持有其價值的一種更誠實的方法，還是被默默地稀釋。

What It Means for Corporate Treasuries

這對公司國債意味著什麼

Corporate finance teams think in terms of performance, preservation, and predictability. But preservation is the one that’s hardest to measure — especially in fiat terms.

公司財務團隊在績效，保存和可預測性方面思考。但是保存是最難衡量的一種，尤其是用菲亞特術語來看。

The BTCCPI offers an emerging class of Bitcoin Treasury Companies a new tool: a way to benchmark the real-world strength of their treasury strategy.

BTCCPI為新興的比特幣國庫公司提供了一種新工具：一種基準為其財政策略實力實力的方法。

A company that holds Bitcoin on its balance sheet isn’t just making a speculative bet — it’s aligning its capital with a monetary system that is structurally deflationary. This changes the story you can tell shareholders. It reinforces the idea that your treasury isn’t just surviving inflation — it’s resisting it. That you’re anchoring corporate value to a global, neutral, incorruptible base layer.

一家在資產負債表上持有比特幣的公司不僅要投機，而且還與結構放置的貨幣系統保持一致。這改變了您可以告訴股東的故事。它加強了這樣的想法，即您的財政部不僅可以存活通貨膨脹，而且可以抵制它。您將公司價值固定在全球，中性，廉潔的基礎層上。

In that light, BTCCPI is more than a chart. It’s a signal. A tool to communicate value preservation in a world where most assets quietly erode.

從這個角度來看，BTCCPI不僅僅是圖表。這是一個信號。在大多數資產悄悄侵蝕的世界中傳達價值保存的工具。

Why Samara’s Move Matters

為什麼薩馬拉的舉動很重要

Plenty of firms talk about inflation. Samara Asset Group built a new way to measure it. Their launch of BTCCPI is not a thought experiment or a marketing stunt. It’s a live, data-driven benchmark — transparent, methodologically grounded, and freely available to the public.

許多公司談論通貨膨脹。 Samara Asset Group建立了一種衡量它的新方法。他們推出BTCCPI不是思想實驗或營銷特技。這是一個實時的，數據驅動的基準 - 透明，理性地紮根，並免費提供給公眾。

That’s the kind of leadership the Bitcoin For Corporations network exists to highlight. Samara is showing how a Bitcoin-native company can contribute to the broader corporate finance toolkit — building infrastructure that serves investors, treasurers, analysts, and decision-makers beyond its own business.

這就是公司網絡的比特幣的領導才能強調。薩馬拉（Samara）展示了一家比特幣本地公司如何為更廣泛的公司金融工具包做出貢獻 - 建築基礎設施為投資者，財務主管，分析師和決策者提供服務，超越了自己的業務。

It also signals something deeper: that Bitcoin is no longer content to play defense. It’s building a new system — with new metrics, new levers, and new standards of truth.

它還標誌著更深的東西：該比特幣不再滿足於防守。它正在建立一個新的系統 - 具有新的指標，新的槓桿和新的真理標準。

Toward a New Benchmark for Honest Capital

朝著誠實資本的新基準

CFOs have always relied on trusted benchmarks: CPI, LIBOR, the 10-year yield, the S&P 500. But each of those reflects a world built on fiat assumptions.

首席財務官始終依靠可信賴的基準：CPI，LIBOR，10年的收益率，標準普爾500指數。但是，每個標準雜誌都反映了一個基於菲亞特假設的世界。

Bitcoin offers something different. A monetary system where supply is fixed, issuance is transparent, and value isn’'s manipulated by policy or politics.

比特幣提供了不同的東西。貨幣體系固定，發行是透明的，價值是通過政策或政治操縱的。

Samara’s BTCCPI is one of the first attempts to use that system as a lens, not just a ledger. It invites us to ask: what if we’ve been measuring inflation incorrectly? What if the signal we’ve been using to manage capital is inherently distorted?

薩馬拉（Samara）的BTCCPI是將該系統用作鏡頭的首次嘗試之一，而不僅僅是分類帳。它邀請我們問：如果我們一直在錯誤地衡量通貨膨脹率怎麼辦？如果我們用來管理資本的信號固有地扭曲了怎麼辦？

And what if there was a better benchmark — not just for inflation, but for honest capital?

如果有更好的基準 - 不僅是通貨膨脹，還為誠實的資本怎麼辦？

Thanks to Samara, we now have the beginning of an answer.

多虧了薩馬拉（Samara），我們現在有了答案的開始。