比特币是“价格”的猜测，持久的“价值”

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Bitcoin (BTC-TRUST) - "price" speculation is still running hot, but it's an enduring 'value' that gold (GLD) has over the crypto king, at least according to Incrementum.

比特币（BTC -Trust） - “价格”的猜测仍在持续很热，但至少根据Cremementum，Gold（GLD）对加密货币国王的持久“价值”。

In Incrementum's latest "The Complete History of Bitcoin, Cycles, State of Affairs, and Investment Opportunities" report, macroeconomic analysis firm says the way Bitcoin is discussed - in terms of "price" - is largely misplaced.

宏观经济分析公司说，在Cremementum最新的“比特币，周期，事态和投资机会的完整历史”报告中，讨论了比特币的方式 - 就“价格”而言 - 在很大程度上放错了位置。

"It is not about the price but the value that an asset provides to society and the economy," Incrementum says, adding that in this regard, "gold has clear advantages."

“这无关，而是资产对社会和经济提供的价值，”

The firm continues: "If one follows the narratives in the financial press, it appears that cryptocurrencies are becoming an increasingly hot topic, while interest in gold is waning. However, if one looks at the economic and geopolitical trends shaping the world today, it is clear that gold is still the more relevant asset class for investors concerned about inflation, currency devaluations, and other macroeconomic risks."Incrementum lists four key observations that highlight why gold is still the better investment in the current environment.

公司继续说：“如果人们遵循财务媒体的叙述，似乎加密货币正在成为一个越来越热的话题，而对黄金的兴趣正在减弱。但是，如果人们关注当今世界的经济和地缘政治趋势，那么显然，黄金仍然是对投资者的相关资产，即对通货膨胀，货币范围的范围较为相关的阶级，而货币范围的范围却是一定的，以及货币偏差，以及其他范围的范围，以及其他范围，以及其他范围，以及其他范围。黄金仍然是对当前环境的更好投资。

First, Incrementum notes that Bitcoin is still largely defined by its price movements, which have been rapid and dramatic in recent years.

首先，增量指出，比特币仍然在很大程度上取决于其价格变动，这在近年来一直是迅速而戏剧性的。

"This focus on price is misplaced, as it fails to take into account the fundamental value that an asset provides to society and the economy," Incrementum says. "In contrast, gold has a long history of being recognized for its enduring value, both monetary and economic."

“对价格的关注是放错了位置的，因为它没有考虑到资产为社会和经济提供的基本价值。” “相比之下，黄金以其持久价值（无论是货币还是经济）而受到认可的悠久历史。”

Second, Incrementum highlights how the narrative around crypto has shifted rapidly in response to events such as the FTX collapse and the broader macroeconomic downturn.

其次，增量强调了加密货币周围的叙事如何响应FTX崩溃和更广泛的宏观经济下滑的事件而迅速转移。

"This constant need for readjustment can be exhausting for investors, who may find themselves feeling lost in a sea of conflicting opinions and analysis," Incrementum says. "Gold, on the other hand, has remained a stable store of value for centuries, providing investors with a haven from the volatility of the markets."

“这种不断调整的需求可能会使投资者筋疲力尽，他们可能会发现自己在意见和分析矛盾的海洋中迷失了，” “另一方面，黄金已经在数百年中一直保持稳定的价值存储，为投资者提供了避风港的避风港。”

Third, Incrementum notes that a key advantage of Bitcoin is its divisibility, which allows it to be used for small-ticket transactions. However, the firm says this advantage is largely irrelevant in the current environment, where most transactions are still denominated in fiat currencies.

第三，增量指出，比特币的关键优势在于其可划分性，这使其可以用于小型票务交易。但是，该公司表示，这一优势在当前的环境中基本无关，在当前环境中，大多数交易仍在法定货币中计价。

"This is in contrast to gold, which has been used as a medium of exchange for thousands of years and has played a key role in the development of global trade and finance," Incrementum says.

“这与黄金相反，黄金已被用作数千年的交流媒介，并且在全球贸易和金融的发展中发挥了关键作用。”

Fourth, Incrementum says that while Bitcoin is often touted for its role in fostering financial inclusion, this claim is largely unsubstantiated.

第四，Cremementum说，尽管比特币在促进金融包容中的作用经常被吹捧，但这种主张在很大程度上是没有根据的。

"In contrast, gold has a long history of being used by people from all walks of life to preserve their wealth and maintain their economic independence," Incrementum says.

“相比之下，黄金在各行各业以维护自己的财富并维持其经济独立性的人中有着悠久的历史。”

Ultimately, Incrementum says that investors should not be fooled by the hype surrounding cryptocurrencies.

最终，Cremementum说，投资者不应被围绕加密货币的炒作所欺骗。

"While they may have a role to play in the future of finance, they are still a risky investment that is best approached with caution," Incrementum says. "In the current environment, Incrementum believes that investors are better served by focusing on assets with a proven track record of value creation, such as gold."output: Rising inflation and the turbulent macroeconomic outlook have pushed investors toward seeking assets that could provide a hedge against uncertainty. In this search, Incrementum’s latest report provides a unique perspective on why despite the hype around cryptocurrencies, investors are better served by focusing on assets with a proven track record of value creation, such as gold.

Morcementum说：“尽管他们可能在财务的未来中起着作用，但它们仍然是一项危险的投资，最好谨慎行事。” “在当前的环境中，增生认为，通过专注于具有良好价值创造价值记录的资产（例如黄金），可以更好地为投资者提供服务。”输出：通货膨胀率上升和动荡的宏观经济前景促使投资者促使投资者寻求可以为不确定性提供对冲的资产。在此搜索中，增生的最新报告提供了一个独特的观点，说明了为什么涉及加密货币的原因，通过专注于具有可靠的价值创造纪录的资产（例如黄金），可以更好地为投资者服务。

The firm’s analysis delves into the misplaced priorities in the discussions surrounding Bitcoin (BTC-TRUST)

该公司的分析研究了围绕比特币（BTC-Trust）的讨论中的错位优先事项

. In Incrementum’s view, the manner in which Bitcoin is discussed - largely in terms of “price” - misses the mark.

。从增量看来，讨论比特币的方式 - 主要在“价格”方面 - 错过了标记。

“It is not about the price but the value that an asset provides to society and the economy. In this regard, gold has clear advantages,” Incrementum says.

“这与资产对社会和经济提供的价值无关。在这方面，黄金具有明显的优势。”

If one follows the narratives in the financial press, it appears that cryptocurrencies are becoming an increasingly hot topic, while interest in gold is waning. However, if one looks at the economic and geopolitical trends shaping the world today, it is clear

如果人们遵循金融媒体的叙述，则似乎加密货币正在成为一个越来越热的话题，而对黄金的兴趣正在减弱。但是，如果人们看着当今世界的经济和地缘政治趋势，很明显