股票與比特幣：2025 年誰會脫穎而出？

2025 年即將到來，投資者正在關注其投資組合的兩個主要競爭者：股票和比特幣。每一款都具有獨特的吸引力，但哪一款能夠在未來的一年中真正大放異彩呢？

With 2025 just around the corner, investors are eyeing two major contenders for their portfolios: stocks and Bitcoin. Each offers a distinct appeal, but which one could truly shine in the year ahead?

2025 年即將到來，投資者正在關注其投資組合的兩個主要競爭者：股票和比特幣。每一款都具有獨特的吸引力，但哪一款能夠在未來的一年中真正大放異彩呢？

Let’s dive into the strengths and risks of each investment.

讓我們深入了解每項投資的優勢和風險。

Stocks: Poised for Growth Despite Challenges

股票：儘管面臨挑戰，仍有望實現成長

Despite a recent market hiccup when the private consumption deflator rose to 2.8%, stocks have remained strong.

儘管近期市場出現波動，私人消費平減指數升至 2.8%，但股市依然強勁。

The S&P 500 has seen impressive gains in 2023, up 26.47%, and barring a major reversal, it’s set for a second consecutive year of more than 20% growth—a rare feat in the past century.

標普 500 指數在 2023 年取得了令人印象深刻的漲幅，上漲了 26.47%，除非出現重大逆轉，否則它將連續第二年增長超過 20%，這在上個世紀是罕見的壯舉。

The only other times this has happened were in 1927-28, 1935-36, 1954-55, and 1995-96.

唯一發生過這種情況的是 1927-28 年、1935-36 年、1954-55 年和 1995-96 年。

Looking ahead to 2025, investors are keeping an eye on three crucial factors:

展望 2025 年，投資人正在關註三個關鍵因素：

Though the issue of tariffs, like a potential 25% tax on imports from Mexico and Canada, may ruffle some feathers, its impact is mostly confined to specific sectors, particularly the auto industry.

儘管關稅問題（例如對墨西哥和加拿大的進口產品徵收 25% 的關稅）可能會激怒一些人，但其影響主要局限於特定行業，尤其是汽車行業。

If tariffs drive up car prices by $10,000, sales could drop by up to 1.1 million units, affecting giants like General Motors (NYSE:GM) and Ford (NYSE:F).

如果關稅使汽車價格上漲 10,000 美元，則銷量可能會下降多達 110 萬輛，從而影響通用汽車 (NYSE:GM) 和福特 (NYSE:F) 等巨頭。

Still, investors are remaining bullish. In fact, they’ve pulled in $16.4 billion in U.S. equities over the past week, marking the seventh consecutive week of inflows.

儘管如此，投資者仍然看漲。事實上，過去一週他們已向美國股市吸資 164 億美元，這是連續第七週資金流入。

Historically, when the S&P 500 ends November up more than 20%, December often continues the trend with an average return of 2.4%.

從歷史上看，當標準普爾 500 指數 11 月底上漲超過 20% 時，12 月通常會延續這一趨勢，平均回報率為 2.4%。

Bitcoin: A Digital Asset to Watch

比特幣：值得關注的數位資產

Bitcoin’s market cap has soared to around $1.89 trillion, placing it on par with the top U.S. companies.

比特幣的市值已飆升至約 1.89 兆美元，與美國頂級公司持平。

Bitcoin’s 2025 trajectory hinges on whether investors’ hopes for the asset are realized—particularly with Trump’s growing crypto enthusiasm.

比特幣 2025 年的軌跡取決於投資者對該資產的希望是否實現——尤其是在川普對加密貨幣熱情日益高漲的情況下。

Under his leadership, there’s talk of creating a U.S. government post dedicated to digital assets, which would help regulate and promote the crypto space.

在他的領導下，有人討論設立一個專門負責數位資產的美國政府職位，這將有助於監管和促進加密貨幣領域的發展。

Trump has already launched proposals to make the U.S. the world capital for cryptocurrencies, encourage favorable regulations, and even create a U.S. Bitcoin reserve.

川普已經提出了讓美國成為世界加密貨幣之都、鼓勵有利監管、甚至創建美國比特幣儲備的提議。

Corporate interest in Bitcoin is heating up, with companies like MicroStrategy leading the charge by amassing $18 billion in Bitcoin holdings and planning to increase that significantly.

企業對比特幣的興趣正在升溫，MicroStrategy 等公司率先持有 180 億美元的比特幣，並計劃大幅增加。

Other firms, from Jiva Technologies to Genius Group, are also diving into crypto as a hedge against inflation and a speculative play.

從 Jiva Technologies 到 Genius Group 等其他公司也紛紛涉足加密貨幣領域，以對沖通膨和投機行為。

However, Bitcoin’s future isn’t without hurdles.

然而，比特幣的未來並非沒有障礙。

Trump's plan for a national Bitcoin reserve, aimed at backing future debt and counteracting dollar depreciation, faces resistance from figures like Fed Chairman Jerome Powell.

川普的國家比特幣儲備計畫旨在支持未來債務並抵消美元貶值，但面臨聯準會主席鮑威爾等人物的阻力。

Questions remain, such as which institution would manage this reserve and where the funding would come from—whether from selling assets like gold or bonds, or increasing debt.

問題仍然存在，例如哪個機構將管理這筆儲備以及資金從何而來——是來自出售黃金或債券等資產，還是來自增加債務。

Which Will Outshine in 2025?

2025 年哪個會脫穎而出？

Both stocks and Bitcoin offer exciting potential, but their paths forward are shaped by very different factors.

股票和比特幣都提供了令人興奮的潛力，但它們的前進道路是由截然不同的因素決定的。

Stocks are poised to continue benefiting from strong corporate performance and a favorable economic backdrop, although tariff risks and policy changes could disrupt the momentum.

儘管關稅風險和政策變化可能會破壞這一勢頭，但股市仍將繼續受益於強勁的企業業績和有利的經濟背景。

On the other hand, Bitcoin’s success will depend heavily on regulatory developments and government support, as well as continued corporate adoption.

另一方面，比特幣的成功將在很大程度上取決於監管的發展和政府的支持，以及企業的持續採用。

Ultimately, the choice between the two comes down to your risk appetite and investment strategy.

最終，兩者之間的選擇取決於您的風險偏好和投資策略。

Whether you lean towards the steady growth of equities or the high-risk, high-reward nature of digital currencies, 2025 promises plenty of opportunities for savvy investors.

無論您傾向於股票的穩定成長還是數位貨幣的高風險、高回報性質，2025 年都會為精明的投資者帶來大量機會。

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不要錯過這個網絡星期一 60% 的折扣——這就是為什麼你應該快速行動：

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自推出以來，我們的人工智慧技術泰坦選股工具的表現比標準普爾 500 指數高出 49%。上個網絡星期一投資 10,000 美元現在價值 19,137 美元。為什麼要等？

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我們的公允價值計算器可提供清晰的訊號，幫助您發現已準備好成長的被低估的股票。數百種精選產品目前正在打折交易——不要錯過機會。

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使用我們的篩選器在幾秒鐘內找到您的下一個獲勝者，該篩選器具有 167 個自訂指標。借助股息冠軍和藍籌交易等預定義螢幕，可以比以往更輕鬆地做出更明智的決策。

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立即節省 60%——此優惠即將結束！