黄金，比特币和货币供应：2025年的观点

探索2025年黄金，比特币和货币供应之间的相互作用。比特币是针对货币扩张的树篱，还是黄金仍然是国王？

In the ever-evolving landscape of finance, the dynamics between gold, Bitcoin, and the money supply are constantly shifting. Let's dive into what's making headlines in 2025.

在不断发展的金融景观中，黄金，比特币和货币供应之间的动态正在不断变化。让我们深入了解2025年成为头条新闻。

Gold vs. Bitcoin: A Tale of Two Assets

黄金与比特币：两个资产的故事

Gold has been a star performer this year, boasting a 38% increase year-to-date, even outshining Bitcoin's impressive 23% rise. But let's not forget Bitcoin's historical dominance. When you adjust for M2 growth, gold, despite its recent surge, remains below its 2011 peak and is roughly at the same level as in 1975. Bitcoin, on the other hand, consistently hits new records against M2 with each bull cycle.

黄金今年一直是明星表演者，年龄增长了38％，甚至超过了比特币令人印象深刻的23％。但是，不要忘记比特币的历史统治地位。当您调整M2的增长时，尽管最近的增长速度仍然低于其2011年的峰值，并且大约在与1975年的水平相同的水平。另一方面，比特币在每个公牛周期中都始终对M2进行新的记录。

This divergence highlights the distinct roles these assets play. Gold continues to be a reliable hedge and portfolio stabilizer, while Bitcoin showcases how innovative forms of money respond to rapid monetary expansion.

这种差异突出了这些资产所起的独特作用。黄金仍然是可靠的树篱和投资组合稳定剂，而比特币展示了创新形式的货币对快速货币扩张的反应。

Geopolitical Tensions and the Rise of

地缘政治紧张局势和兴起