比特币，黄金和美元：在动荡时期将您的钱停放在哪里

在动荡的经济时期，这个问题总是回来：您应该在哪里停放钱以确保它的安全？

Turbulent economic times often bring about a pressing question: where should you park your money to keep it safe?

动荡的经济时期经常提出一个紧迫的问题：您应该在哪里停放钱以确保它的安全？

From the glittering allure of gold to the ever-resilient U.S. dollar, and even the controversial yet increasingly considered Bitcoin, investors are once again hunting for safe-haven assets. Let’s take a closer look at the current landscape and what some seasoned experts have to say.

从黄金的闪闪发光到富有弹性的美元，甚至是有争议但越来越被考虑的比特币，投资者都在寻找避风港资产。让我们仔细研究当前的景观以及一些经验丰富的专家所说的话。

Gold: The Traditional Safe Harbor

黄金：传统的安全港

For centuries, gold has been the go-to refuge in times of financial storms. And it seems that, once again, it’s fulfilling its historical role. According to algorithmic trader Gilles Santacreu, gold has “played its role as a safe-haven asset perfectly” during recent market upheavals. Some investors have even taken profits from their gold holdings to cushion the blow from plummeting stock prices.

几个世纪以来，黄金一直是金融风暴时期的避难所。而且看来它再次履行其历史角色。根据算法交易者吉尔斯·桑塔克雷（Gilles Santacreu）的说法，黄金在最近的市场动荡中“完美地发挥了其作为避险资产的作用”。一些投资者甚至从黄金持有量中获利，以减轻股价下跌的打击。

If you’ve ever chatted with a long-time investor, chances are they’ve told you about a time when gold kept their portfolio afloat during a rough patch. It’s almost a rite of passage in the world of finance.

如果您曾经与长期投资者聊天，那么他们很可能会告诉您，大约有一个在粗糙的地方将其投资组合保持不变的时间。在金融界，这几乎是通过的仪式。

The Dollar: A Recession Reflex?

美元：经济衰退反射？

While gold shines, the U.S. dollar is quietly solidifying its dominance. Félix Baron, founder of the Independent Investors Club, suggests that it might be a smart move to “buy a little dollar” right now. His reasoning? If a recession hits, governments around the world will scramble to repay debts — most of which are denominated in dollars.

虽然黄金闪耀，但美元悄悄地巩固了其统治地位。独立投资者俱乐部的创始人费利克斯·巴伦（FélixBaron）认为，现在可能是“买一点美元”的明智之举。他的理由？如果经济衰退袭来，世界各地的政府将争先恐后地偿还债务，其中大多数以美元计价。

“As long as the dollar remains the world’s reserve currency, it will continue to strengthen,” he points out. In a personal anecdote, a mentor once told me that in any global crisis, there’s always one thing people trust: the greenback.

他指出：“只要美元仍然是世界储备货币，它将继续加强。”在个人轶事中，一位导师曾经告诉我，在任何全球危机中，总会有一件事人信任：绿色。

Bitcoin: A New Kind of Safe Haven?

比特币：一种新型的避风港？

No discussion on safe-haven assets would be complete without considering Bitcoin. Is it truly a safe-haven asset? Well, it depends on who you ask. Hardcore Bitcoin enthusiasts — often dubbed “Bitcoin maximalists” — argue that one Bitcoin is always worth one Bitcoin, market price notwithstanding.

如果不考虑比特币，就没有关于安全资产的讨论将是完整的。它确实是避风港的资产吗？好吧，这取决于您问谁。铁杆比特币爱好者（通常被称为“比特币最大化主义者”）认为，尽管有一个比特币，但尽管如此，尽管有一个比特币。

However, a more nuanced reality emerges. Over the weekend, Bitcoin slipped below $75,000, mirroring a dip in major stock indexes like the Nasdaq. But it’s worth noting that Bitcoin’s drop was less severe compared to other cryptocurrencies, some of which saw price plunges of 20% in just a few hours.

但是，出现了更细微的现实。在周末，比特币跌至75,000美元以下，反映了纳斯达克等主要股票指数的下跌。但是，值得注意的是，与其他加密货币相比，比特币的下降不那么严重，其中一些比特币在短短几个小时内的价格下降了20％。

Jean Guillou, co-founder and Chief Investment Officer at Vancelian, weighs in, suggesting that Bitcoin is "still a good asset in the crypto space." In the conversation, he compares Bitcoin to Ethereum, highlighting that the latter has been steadily losing ground against Bitcoin since 2022 — making Bitcoin a smarter bet for those with a medium to long-term investing horizon.

Vancelian的联合创始人兼首席投资官Jean Guillou表示赞同，这表明比特币“仍然是加密货币领域的好资产”。在谈话中，他将比特币与以太坊进行了比较，强调说，自2022年以来，后者一直在对比特币稳步失去立场，这使得比特币成为那些具有中度至长期投资范围的人的更加明智的选择。

Bitcoin as a Reserve of Value?

比特币作为价值储备？

There’s a subtle distinction between a safe-haven asset and a reserve of value. And Bitcoin seems to straddle both worlds. Félix Baron further explains that Bitcoin’s limited supply — capped at 21 million units — gives it characteristics similar to traditional stores of value.

安全资产和价值储备之间存在微妙的区别。比特币似乎跨越了两个世界。费利克斯·巴伦（FélixBaron）进一步解释说，比特币的有限供应（限制为2100万台单位）具有类似于传统价值存储的特征。

As more bitcoins are mined, scarcity will likely push its value upward. “If you didn’t jump on Bitcoin when it was at $78,000, maybe now’s your chance,” he hints.

随着越来越多的比特币开采，稀缺可能会向上推动其价值。他暗示：“如果您在78,000美元的价格时没有跳上比特币，那么现在也许是您的机会。”

For many, this reminds me of the early days of digital photography. Back then, skeptics scoffed at the idea that digital files could ever replace traditional film. But today, it’s nearly unthinkable. Similarly, Bitcoin’s journey from a fringe concept to an increasingly accepted form of wealth preservation continues.

对于许多人来说，这让我想起了数码摄影的早期。那时，怀疑论者嘲笑了数字文件可以取代传统电影的想法。但是今天，这几乎是不可想象的。同样，比特币从边缘概念到越来越多的财富保存形式的旅程仍在继续。

A Word of Caution

谨慎

Despite the enthusiasm surrounding these assets, it’s crucial to keep in mind one golden rule of investing: only invest what you can afford to lose.

尽管这些资产充满了热情，但要记住一个黄金的投资法则至关重要：只投资您有能力损失的东西。

Whether it’s in traditional markets or the fast-paced world of crypto, the potential rewards are always accompanied by risks. And as history has shown, even the safest bets can sometimes surprise us. So, while these investment opportunities hold promise, they should be approached with care, good research, and a hefty dose of humility.

无论是在传统市场还是加密货币的快节奏世界中，潜在的奖励总是伴随着风险。正如历史所表明的那样，即使最安全的赌注有时也会使我们感到惊讶。因此，尽管这些投资机会有希望，但应谨慎，良好的研究和谦卑。