比特币在未来两年中可以超越黄金作为首选投资选择

公司投资在推动比特币的价值增长方面发挥了重要作用。这些公司正在积极提高对比特币的投资水平。

JPMorgan predicts that Bitcoin (BTC) could outpace gold as a preferred investment option within the next two years. This forecast follows a shift in the market toward digital assets, upending the role of traditional safe-haven investments.

摩根大通预测，比特币（BTC）可以在未来两年内超过首选投资选择。这一预测是在市场向数字资产转向数字资产之后，颠覆了传统的安全投资的作用。

Corporate Investments Fuel Bitcoin’s Rise

公司投资助力比特币的增长

公司投资助力比特币的增长

The bank attributes Bitcoin’s rapid gains to increased corporate investments and favorable regulations introduced by respective U.S. states.

该银行将比特币的迅速收益归因于增加公司投资和各自州提出的有利法规。

“The maturation of the cryptocurrency derivatives market is now bringing in institutional investors, who are being drawn by improved institutional trading tools and platforms, which are leading to higher volumes and lower volatility in the Bitcoin market. These changes are instrumental in shaping Bitcoin as a potentially strong competitor in the conventional asset class,” JPMorgan analysts mentioned in a recent note.

“加密货币衍生物市场的成熟现在正在引进机构投资者，这些投资者正在通过改进的机构贸易工具和平台所吸引，这些工具和平台在比特币市场中导致较高的体积和较低的波动性。这些变化在将比特币塑造为常规资产中的潜在强大竞争者，在常规资产中提到了一项近期的竞争者，” jpmore commor norder neword a note note norde note note note a norde a nork a n ofer norde a。

These investments demonstrate greater faith in Bitcoin’s future potential as investors seek it out as a defense against potential turbulence in the traditional financial system.

这些投资表现出对比特币未来潜力的更大信念，因为投资者将其作为防御传统金融体系的潜在动荡的辩护。

“We believe that investors are increasingly viewing Bitcoin favorably for its role in their asset mix, as more institutions show a strong interest in the asset. This view is supported by the actions of companies like MicroStrategy and Metaplanet, which have been actively increasing their cryptocurrency holdings.”

“我们认为，由于越来越多的机构对资产表现出强烈的兴趣，投资者越来越多地看待比特币在其资产组合中的作用。这种观点得到了MicroStrategy和Metaplanet等公司的行动的支持，这些公司一直在积极地增加其加密货币持有。”

Indeed, MicroStrategy hopes to acquire $84 billion worth of Bitcoin by December 2025 and is already 32% of the way there. Meanwhile, Metaplanet broke all-time records, adding 6,796 BTC to its Bitcoin holdings.

的确，微观策略希望到2025年12月能够收购价值840亿美元的比特币，并且已经占到达那里的32％。同时，Metaplanet打破了历史记录，其比特币持有量增加了6,796 BTC。

Gold Faces Declining Momentum

黄金面积下降的势头

黄金面积下降的势头

Conversely, gold is losing momentum compared to the gains made by Bitcoin. Since April 22, the price of gold dropped by almost 8%, while Bitcoin made a significant 18% gain during the same time. A change in investor preferences has led to money leaving gold ETFs and being invested instead in Bitcoin-oriented funds.

相反，与比特币取得的收益相比，黄金正在失去动力。自4月22日以来，黄金的价格下降了近8％，而比特币同时获得了18％的收益。投资者偏好的变化导致金钱留下了黄金ETF并被投资于以比特币为导向的资金。

“The thinking here is that investors are pivoting out of gold and express their interest in Bitcoin in the futures market, which has seen a decline in demand for gold futures and an increase in demand for Bitcoin futures over the past few months.”

“这里的想法是，投资者正在从黄金中旋转，并表达了他们对期货市场中比特币的兴趣，在过去的几个月中，对黄金期货的需求下降以及对比特币期货的需求增加。”

Evidence from the futures market backs up these developments. In the first few months of 2025, gold drew much more attention for safe investment compared to Bitcoin that experienced $600 million of ETF outflows in the same quarter. Meanwhile, Bitcoin faced outflows from ETFs and waning involvement in the futures market during the same period.

期货市场的证据支持了这些发展。在2025年的头几个月中，与比特币相比，与比特币经历了6亿美元的ETF流出相比，戈德引起了更多的关注。同时，在同一时期，比特币面临ETF的外流，并在期货市场中逐渐参与。

JPMorgan highlighted how gold’s reputation as a safe-haven investment is being eroded as investors turn to digital assets as options. The experts concluded that Bitcoin is benefiting from an increase in investors looking to hedge against currency depreciation by adding it to their portfolios.

摩根大通（JPMorgan）强调，随着投资者将数字资产作为期权转向数字资产，金牌作为避风港投资的声誉如何受到侵蚀。专家们得出的结论是，比特币通过将其添加到投资组合中的投资者的增加而受益。

“We suspect that, in the current low-return, high-inflation environment, investors are increasingly turning to Bitcoin as an asset class that offers the potential for both capital appreciation and a hedge against currency depreciation, leading them to add it to their portfolios in greater numbers.”

“我们怀疑，在当前的低回报，高通货膨胀的环境中，投资者越来越多地将比特币作为一种资产类别，提供了资本增值和对冲货币贬值的潜力，使他们越来越多地将其添加到投资组合中。”