Bitwise Cio Matt Hougan：比特币是国王，但多元化是关键

尽管比特币继续领导当前的公牛周期（由现货ETF流入和公司积累提供支持），但Bitwise Cio Matt Hougan表示，投资者不应忽略更广泛的加密货币景观。

Despite Bitcoin’s continued dominance of the current bull cycle — driven by spot ETF inflows and corporate accumulation — investors shouldn’t neglect the broader crypto landscape, according to Bitwise CIO Matt Hougan.

根据Bitwise Cio Matt Hougan的说法，尽管比特币一直在当前的公牛周期（由ETF流入和公司积累驱动）驱动，但投资者不应忽略更广泛的加密货币景观。

In a recent note to clients, Hougan likened Bitcoin’s preeminence to Google’s dominance in 2004, asserting that although Bitcoin is “digital gold” and the only asset with the potential to become a globally significant currency, it shouldn’t be the sole crypto in an investor’s portfolio.

在最近对客户的注释中，霍根将比特币的优势比作2004年的Google的统治地位，并断言，尽管比特币是“数字黄金”，并且有可能成为全球重要货币的唯一资产，但它不应该是投资者投资组合中的唯一加密货币。

“Bitcoin is the king — largest, most liquid, most established,” Hougan stated. “But that doesn’t mean it should be the only thing you own.”

霍根说：“比特币是国王 - 最大，最液体，最成熟的国王。” “但这并不意味着它应该是您唯一拥有的东西。”

He highlighted Ethereum’s substantial recovery, surging 40% over the past week, as an indicator of the growing strength in the altcoin sector.

他强调了以太坊的实质性恢复，在过去一周中飙升了40％，以表明Altcoin行业的实力越来越大。

This surge has brought renewed focus on the importance of diversification in the crypto market, particularly as the sector matures and institutional participation increases.

这种激增使人们重新关注加密市场多元化的重要性，尤其是随着行业的成熟和机构参与的增长。

As Hougan noted, the crypto market is still relatively young, and like any new asset class, it takes time for institutions to fully engage.

正如Hougan所指出的那样，加密市场仍然相对年轻，并且像任何新的资产类别一样，机构需要时间才能充分参与。

“We’re still in the early stages of this new asset class and it will take some time for institutions to get comfortable with the asset class in general and Bitwise’s role within it,” he said.

他说：“我们仍处于这个新资产类别的早期阶段，机构将需要一些时间来满足总体和比特方面的作用。”

However, he believes that as more institutions enter the space, they will naturally seek to diversify their crypto holdings beyond Bitcoin.

但是，他认为，随着越来越多的机构进入该空间，他们自然会寻求多样化的加密货币，而不是比特币。

This move toward diversification is already evident, with several large institutions, such as Goldman Sachs and Charles Schwab, applying for approval to launch their own Bitcoin ETFs.

朝着多元化的转变已经很明显，有几个大型机构，例如高盛和查尔斯·施瓦布（Charles Schwab），申请批准启动自己的比特币ETF。

Moreover, the U.S. Securities and Exchange Commission (SEC) recently approved the first spot cryptocurrency ETF in the United States, setting the stage for further institutional interest in the crypto market.

此外，美国证券交易委员会（SEC）最近批准了美国的第一名加密货币ETF，为加密市场的进一步机构利益奠定了基础。

With the crypto sector constantly evolving, it will be interesting to observe how institutional participation shapes the future of digital assets.output: Bitcoins (BTC) are seen on display at the Bitcoin Center in San Salvador, El Salvador, July 21, 2023.

随着加密货币行业的不断发展，观察机构参与如何塑造数字资产的未来将很有趣。出口：比特币（BTC）在2023年7月21日在El Salvador的San Salvador的比特币中心展出。

Bitcoin is the foundation, not the whole house, according to Bitwise CIO Matt Hougan.

根据Bitwise Cio Matt Hougan的说法，比特币是基础，而不是整个房子。

In a recent note to clients, Hougan likened Bitcoin’s preeminence to Google’s dominance in 2004, asserting that it is “digital gold” and the only asset with the potential to become a globally significant currency. However, he believes it shouldn’t be the sole crypto in an investor’s portfolio.

在最近给客户的注释中，霍根将比特币的优势比作2004年的Google的统治地位，认为这是“数字黄金”，也是唯一有可能成为全球重要货币的资产。但是，他认为这不应该是投资者投资组合中的唯一加密货币。

“Bitcoin is the king — largest, most liquid, most established,” Hougan stated. “But that doesn’t mean it should be the only thing you own.”

霍根说：“比特币是国王 - 最大，最液体，最成熟的国王。” “但这并不意味着它应该是您唯一拥有的东西。”

He highlighted Ethereum’s substantial recovery, surging 40% over the past week, as an indicator of the growing strength in the altcoin sector.

他强调了以太坊的实质性恢复，在过去一周中飙升了40％，以表明Altcoin行业的实力越来越大。

This surge has brought renewed focus on the importance of diversification in the crypto market, particularly as the sector matures and institutional participation increases.

这种激增使人们重新关注加密市场多元化的重要性，尤其是随着行业的成熟和机构参与的增长。

As Hougan noted, the crypto market is still relatively young, and like any new asset class, it takes time for institutions to fully engage.

正如Hougan所指出的那样，加密市场仍然相对年轻，并且像任何新的资产类别一样，机构需要时间才能充分参与。

“We’re still in the early stages of this new asset class and it will take some time for institutions to get comfortable with the asset class in general and Bitwise’s role within it,” he said.

他说：“我们仍处于这个新资产类别的早期阶段，机构将需要一些时间来满足总体和比特方面的作用。”

However, he believes that as more institutions enter the space, they will naturally seek to diversify their crypto holdings beyond Bitcoin.

但是，他认为，随着越来越多的机构进入该空间，他们自然会寻求多样化的加密货币，而不是比特币。

This move toward diversification is already evident, with several large institutions, such as Goldman Sachs and Charles Schwab, applying for approval to launch their own Bitcoin ETFs.

朝着多元化的转变已经很明显，有几个大型机构，例如高盛和查尔斯·施瓦布（Charles Schwab），申请批准启动自己的比特币ETF。

Moreover, the U.S. Securities and Exchange Commission (SEC) recently approved the first spot cryptocurrency ETF in the United States, setting the stage for further institutional interest in the crypto market.

此外，美国证券交易委员会（SEC）最近批准了美国的第一名加密货币ETF，为加密市场的进一步机构利益奠定了基础。

With the crypto sector constantly evolving, it will be interesting to observe how institutional participation shapes the future of digital assets.

随着加密行业不断发展，观察机构参与如何塑造数字资产的未来将很有趣。