比特币与黄金：数字时代的价值摊牌

比特币是新黄金吗？将比特币作为价值资产的兴起分析，并将其与黄金在数字金融和不断发展的投资者情绪中的传统统治地位进行比较。

The Digital Gold Rush: Bitcoin vs. Gold

数字淘金热：比特币与黄金

Bitcoin's increasingly viewed as 'digital gold,' challenging gold's reign as the ultimate store-of-value asset. Macro trends, regulatory clarity, and institutional adoption are fueling this shift, setting the stage for a fascinating battle.

比特币越来越被视为“数字黄金”，挑战黄金的统治是最终的价值存储资产。宏观趋势，法规清晰度和机构采用促进了这一转变，为一场令人着迷的战斗奠定了基础。

Macroeconomic Winds Favoring Bitcoin

宏观经济有利于比特币

Investors are scrambling for assets that can weather inflation, currency devaluation, and geopolitical storms. While gold has traditionally been the go-to safe haven, Bitcoin offers unique advantages. Unlike gold, Bitcoin is programmable, divisible, and borderless, making it a superior hedge in our increasingly digital and de-dollarizing world. As of April 2025, gold ETFs saw significant inflows, but Bitcoin ETFs, especially those with low expense ratios like BlackRock's IBIT, are rapidly catching up, attracting billions in net flows.

投资者争先恐后地寻找可以天气通货膨胀，货币贬值和地缘政治风暴的资产。传统上，黄金是首选的避风港，但比特币具有独特的优势。与黄金不同，比特币是可编程，可分配且无边界的，这使其成为我们日益数字化和损失的世界中的优越的树篱。截至2025年4月，黄金ETF的流入量很大，但是比特币ETF，尤其是那些像贝莱德IBIT（BlackRock ibit）的费用较低的比特币ETF正在迅速赶上，吸引了数十亿美元的净流。

Bitcoin's Structural Edge: Immutable and Borderless

比特币的结构边缘：不变，无边界

Bitcoin's inherent properties set it apart. It can be transferred instantly and securely, and its immutability, thanks to blockchain, ensures transparency and censorship resistance. For institutions, this means a store of value that’s verifiable and portable—a game-changer in an era of capital controls and sanctions.

比特币的固有属性将其与众不同。它可以立即，安全地转移，并且由于区块链的不变性确保了透明度和审查阻力。对于机构而言，这意味着可以验证和便携的价值存储，这是一个改变资本控制和制裁时代的游戏规则。

Corporate Adoption: The Strategy Effect

公司采用：策略效应

More and more companies are adding Bitcoin to their balance sheets. Strategy, formerly MicroStrategy, is leading the charge with a massive BTC holding. Their stock's meteoric rise has inspired other corporate treasuries to follow suit, with analysts predicting a significant percentage of S&P 500 companies will hold Bitcoin by 2030. This surge in adoption strengthens Bitcoin's narrative as a legitimate store of value.

越来越多的公司在其资产负债表中增加了比特币。以前是微型策略的策略正在以大量的BTC持有率领导指控。他们的股票的迅速崛起激发了其他公司国库的效仿，分析师预测，到2030年，标准普尔500指数中有很大一部分将容纳比特币。这种收养的激增增强了比特币的叙述，因为比特币的叙述是价值合法的商店。

ETFs: Bridging the Gap Between Traditional and Digital Finance

ETF：弥合传统和数字融资之间的差距

The approval of U.S. spot Bitcoin ETFs in 2024 was a watershed moment. These ETFs have made Bitcoin accessible to a wider range of investors, both institutional and retail. As Bitcoin ETFs accumulate a larger share of the circulating supply, Bitcoin's position as a mainstream asset is solidified.

2024年，美国比特币ETF的认可是一个分水岭。这些ETF使比特币可用于机构和零售的更多投资者。随着比特币ETF积累了更大的循环供应份额，比特币作为主流资产的地位被巩固了。

Gold's Limitations in a Digital World

黄金在数字世界中的限制

While gold has a massive market cap, its physical nature limits its scalability. Bitcoin's programmability allows for innovative use cases that gold simply can't replicate. As institutions seek higher returns and diversification, Bitcoin's flexibility will likely outweigh gold's historical dominance.

尽管黄金具有巨大的市值，但其物理性质限制了其可扩展性。比特币的可编程性允许黄金根本无法复制的创新用例。随着机构寻求更高的回报和多元化，比特币的灵活性可能会超过黄金的历史统治地位。

Bitcoin: The Safe Bet?

比特币：安全赌注？

Michael Saylor of Strategy has suggested investors might ditch gold for Bitcoin, especially if tariffs on gold imports become a reality. Saylor argues that Bitcoin's digital nature makes it immune to such tariffs, highlighting its superiority over physical assets. This sentiment echoes Peter Brandt's prediction that Bitcoin will emerge as the ultimate store of value.

战略迈克尔·塞勒（Michael Saylor）表示，投资者可能会为比特币抛弃黄金，尤其是如果对黄金进口的关税成为现实。 Saylor认为，比特币的数字性质使其不受此类关税的影响，从而强调了其优越性优于物理资产。这种情绪呼应了彼得·布兰特（Peter Brandt）的预测，即比特币将成为最终的价值存储。

VanEck's Perspective: Bitcoin as Digital Gold

Vaneck的观点：比特币作为数字黄金

VanEck's CEO, Jan van Eck, has consistently championed Bitcoin as

Vaneck的首席执行官Jan Van Eck一直倡导比特币为