Bitwise Cio Matt Hougan为多元化的加密投资提供了理由，即使他将比特币作为重要资产。

霍根说，虽然“比特币是加密货币资产的国王”，但它是最大的加密货币，同时具有最多的流动性和众所周知的。

Bitwise Investment's CIO, Bitwise CIO Matt Hougan, known for his contributions to the crypto space, has penned an interesting piece on the implications of diversified crypto investment.

Bitwise Investment的CIO，Bitwise Cio Matt Hougan以其对加密货币领域的贡献而闻名，他对多元化加密投资的含义撰写了一篇有趣的作品。

In his analysis, he highlights the exceptional performance of Bitcoin as the largest and most liquid cryptocurrency, a factor that contributes to its shot at becoming a major global currency.

在他的分析中，他强调了比特币作为最大，最液体的加密货币的出色表现，这一因素有助于其成为主要的全球货币。

He further emphasizes the importance of investing in other cryptocurrencies for optimal returns, drawing a parallel with the historical performance of internet companies.

他进一步强调了投资其他加密货币以获得最佳回报的重要性，这与互联网公司的历史表现相似。

As investors in 2004, faced with Google's status as the dominant player in the internet sector, would have been inclined to invest heavily in the company. While Google's performance with a 6300% return in the subsequent 21 years is noteworthy, investing in other internet companies, especially considering the broad scope of the internet, would have yielded even more significant gains.

作为2004年的投资者，面对Google作为互联网行业的主要参与者的地位，本来倾向于对公司进行大量投资。虽然Google在随后的21年中以6300％的回报率的表现值得注意，但投资于其他互联网公司，尤其是考虑到互联网的广泛范围，将会带来更大的收益。

This is evident in the cases of Netflix, Amazon, and Salesforce, which emerged as leaders in different verticals of the internet economy.

在Netflix，Amazon和Salesforce的情况下，这是显而易见的，它们成为互联网经济不同垂直领域的领导者。

With returns of 50,000%, 10,000%, and 7,000%, respectively, these companies delivered massive gains, dwarfing Google's return during the same period.

这些公司的收益分别为50,000％，10,000％和7,000％，因此在同一时期的Google回报率使Google的回报倍增。

In essence, while Google commanded attention as the largest and most liquid asset in the internet sector, it was investing in the big picture—the entire internet economy—that brought the greatest rewards.

从本质上讲，尽管Google引起了人们的关注，但它是互联网领域中最大，最流动的资产，但它正在投资全局（整个互联网经济），这带来了最大的回报。

Similarly, crypto investors today are faced with a similar decision.

同样，今天的加密投资者也面临着类似的决定。

"You can use a blockchain to create a better form of money (Bitcoin) or to create a programmable network for transferring real-world assets (Ethereum, Solana, Avalanche). You can build new types of applications (DeFi, DePin) or middleware that services other blockchains (Chainlink). You can also build traditional businesses that support the crypto economy (Coinbase, Circle, Marathon Digital)."

“您可以使用区块链创建更好的金钱（比特币）或创建一个可编程网络，用于传输现实世界中的资产（以太坊，索拉纳，索拉纳，雪崩）。您可以建立服务其他区块链（链接）的新型应用程序（Defi，defi，depi）或中间件类型（链接）。您还可以构建支持Crypto Craise Cragepase Crage的传统商业（链接）。

Over the past 20 years, actively managed US equity funds have underperformed their benchmark indexes 97% of the time. It’s more important to invest in the big picture than to try to pick winners. After studying history, it makes sense to own a basket of cryptocurrencies—like Bitcoin, Ethereum, Solana, and Chainlink.

在过去的20年中，积极管理的美国股票基金的表现不足97％的时间。投资大局比尝试挑选赢家更重要。在研究了历史之后，拥有一篮子加密货币（例如比特币，以太坊，Solana和Chainlink）是有意义的。

In the last 4 years, different crypto assets emerged as the #1 performer in different years. It’s impossible to predict the cryptocurrency winners of 2030.

在过去的四年中，不同年份中不同的加密资产成为第一名的表演者。不可能预测2030年的加密货币获奖者。

The case for crypto indexing in 10 sentences—and two charts.

加密式索引的情况是10个句子和两个图表。

Say it’s 2004. You know the internet is going to be big. Search is its killer app, and Google is king.

假设是2004年。您知道互联网会很大。搜索是其杀手级应用程序，而Google是国王。

If you’d invested in Google, your money would have grown 64x since then. Smart move.

如果您投资了Google，那么您的钱将增加64倍。明智的举动。

But the internet turned out to be broader than one company. It’s a general-purpose technology with uses in retail, social media, and software.

但是互联网证明比一家公司更广泛。这是一项通用技术，具有零售，社交媒体和软件的用途。

Investors who put money in other internet companies would do well, too.

将钱投入其他互联网公司的投资者也会做得很好。

In fact, the highest-performing stock in this period is (drumroll) Netflix—up 50,000x.

实际上，此期间表现最高的股票是（鼓声）Netflix - 50,000倍。

Amazon and Salesforce also rack up 10,000x and 7,000x gains, leaving Google as the worst-performer among this group.

亚马逊和Salesforce还获得了10,000倍和7,000倍的收益，使Google成为该组最糟糕的表现。

It’s a familiar story for crypto investors today.

对于今天的加密投资者来说，这是一个熟悉的故事。

Bitcoin is the king of crypto assets. It’s the largest, has the most liquidity, and is the best known—the only digital asset with a shot at being an important global currency.

比特币是加密资产的国王。它是最大的，具有最多的流动性，并且是最著名的，是唯一的数字资产，它是重要的全球货币。

But like Google, Bitcoin is one asset in a broader ecosystem.

但是像Google一样，比特币是更广泛的生态系统中的一项资产。

Investors who put money in other crypto assets—across DeFi, middleware, and infrastructure—would also reap huge rewards.

投资者将资金投入其他加密资产（Across Defi，中间件和基础设施）的投资者也将获得巨大的回报。

This is a paid sponsored article. Cryptocurrency is a volatile investment product and may not be suitable for all investors. Before investing in cryptocurrency, be sure to carry out your own research and invest according to your own risk tolerance.

这是一篇付费赞助的文章。加密货币是一种动荡的投资产品，可能不适合所有投资者。在投资加密货币之前，请确保进行自己的研究，并根据自己的风险承受能力进行投资。