引入比特币消费价格指数（BTCCPI）

在公司融资中，通货膨胀通常被认为是不可避免的力量，可以对冲，但永远不会逃脱。

In corporate finance, inflation is often accepted as an unavoidable force — something to hedge against, but never escape. Every fiscal model, investment thesis, and capital plan ultimately bends around it. But the way we measure inflation is rarely questioned.

在公司融资中，通货膨胀通常被认为是不可避免的力量，这是对冲的，但永远不会逃脱。每个财政模型，投资论文和资本计划最终都会围绕它弯腰。但是我们衡量通货膨胀的方式很少受到质疑。

The Consumer Price Index (CPI), the world’s default inflation gauge, measures price changes of a basket of goods in fiat currency. But here’s the problem: fiat currencies are designed to lose value. This means we’re measuring rising prices with a yardstick that’s shrinking.

全球默认通货膨胀量表的消费者价格指数（CPI）衡量了一篮子商品的价格变化。但这是问题：法定货币旨在失去价值。这意味着我们正在通过缩小的码数来衡量价格上涨。

Now, Samara Asset Group, an executive member of Bitcoin For Corporations (BFC), is challenging that convention. They’ve launched the world’s first Bitcoin Consumer Price Index (BTCCPI) — a bold new benchmark that prices the same CPI basket in Bitcoin instead of fiat. It’s a subtle shift with profound implications: Bitcoin isn’t just an asset — it may be a better measure of value.

现在，公司比特币（BFC）的执行成员萨马拉资产集团（Samara Asset Group）挑战了这一惯例。他们推出了世界上第一个比特币消费者价格指数（BTCCPI），这是一种大胆的新基准，它在比特币而不是菲亚特的CPI篮子上定价。这是一个微妙的转变，具有深刻的影响：比特币不仅是一种资产，而且可能是更好的价值衡量标准。

A Yardstick That Doesn’t Melt

一个不融化的码

Think of CPI as a thermometer — only the mercury keeps rising not just because the heat is increasing, but because the scale is broken. Traditional CPI always trends upward, not necessarily because goods become more valuable, but because the purchasing power of fiat currency is constantly eroded by inflationary policy.

将CPI视为温度计 - 只有汞不断上升，这不仅是因为热量在增加，而且还因为刻度破裂。传统的CPI总是向上趋势，这并不一定是因为商品变得更有价值，而是因为菲亚特货币的购买力不断受到通货膨胀政策的侵蚀。

Samara’s BTCCPI flips the framing. By expressing the same CPI basket in Bitcoin, the index reflects what happens when measured against a supply-capped, non-sovereign monetary standard. And what it reveals is striking: over the long term, prices trend downward.

萨马拉（Samara）的BTCCPI翻转了框架。通过在比特币中表达相同的CPI篮子，该指数反映了针对供应限制的非主管货币标准进行测量时发生的情况。它揭示的是惊人的：从长远来看，价格向下趋势。

[Samara Asset Group launches the world's first Bitcoin Consumer Price Index (BTCCPI), a new benchmark that prices the same CPI basket in Bitcoin instead of fiat. Credit: Samara Asset Group]

[萨马拉资产集团（Samara Asset Group）推出了世界上第一个比特币消费者价格指数（BTCCPI），这是一种新的基准测试，该基准在比特币而不是菲亚特（Bitcoin）代替相同的CPI篮子。学分：萨马拉资产组]

The BTCCPI doesn’t ignore Bitcoin’s volatility — but it reframes it. In short-term windows, prices fluctuate. But across longer timeframes, Bitcoin holds purchasing power far better than fiat.

BTCCPI并不忽略比特币的波动性，但它重新构建了。在短期窗口中，价格波动。但是，在较长的时间范围内，比特币拥有的购买力远胜于菲亚特。

This is not just a reframing of inflation. It’s a more honest way to assess whether capital is holding its value — or being silently diluted.

这不仅是通货膨胀的重新标记。这是评估资本是持有其价值的一种更诚实的方法，还是被默默地稀释。

What It Means for Corporate Treasuries

这对公司国债意味着什么

Corporate finance teams think in terms of performance, preservation, and predictability. But preservation is the one that’s hardest to measure — especially in fiat terms.

公司财务团队在绩效，保存和可预测性方面思考。但是保存是最难衡量的一种，尤其是用菲亚特术语来看。

The BTCCPI offers an emerging class of Bitcoin Treasury Companies a new tool: a way to benchmark the real-world strength of their treasury strategy.

BTCCPI为新兴的比特币国库公司提供了一种新工具：一种基准为其财政策略实力实力的方法。

A company that holds Bitcoin on its balance sheet isn’t just making a speculative bet — it’s aligning its capital with a monetary system that is structurally deflationary. This changes the story you can tell shareholders. It reinforces the idea that your treasury isn’t just surviving inflation — it’s resisting it. That you’re anchoring corporate value to a global, neutral, incorruptible base layer.

一家在资产负债表上持有比特币的公司不仅要投机，而且还与结构放置的货币系统保持一致。这改变了您可以告诉股东的故事。它加强了这样的想法，即您的财政部不仅可以存活通货膨胀，而且可以抵制它。您将公司价值固定在全球，中性，廉洁的基础层上。

In that light, BTCCPI is more than a chart. It’s a signal. A tool to communicate value preservation in a world where most assets quietly erode.

从这个角度来看，BTCCPI不仅仅是图表。这是一个信号。在大多数资产悄悄侵蚀的世界中传达价值保存的工具。

Why Samara’s Move Matters

为什么萨马拉的举动很重要

Plenty of firms talk about inflation. Samara Asset Group built a new way to measure it. Their launch of BTCCPI is not a thought experiment or a marketing stunt. It’s a live, data-driven benchmark — transparent, methodologically grounded, and freely available to the public.

许多公司谈论通货膨胀。 Samara Asset Group建立了一种衡量它的新方法。他们推出BTCCPI不是思想实验或营销特技。这是一个实时的，数据驱动的基准 - 透明，理性地扎根，并免费提供给公众。

That’s the kind of leadership the Bitcoin For Corporations network exists to highlight. Samara is showing how a Bitcoin-native company can contribute to the broader corporate finance toolkit — building infrastructure that serves investors, treasurers, analysts, and decision-makers beyond its own business.

这就是公司网络的比特币的领导才能强调。萨马拉（Samara）展示了一家比特币本地公司如何为更广泛的公司金融工具包做出贡献 - 建筑基础设施为投资者，财务主管，分析师和决策者提供服务，超越了自己的业务。

It also signals something deeper: that Bitcoin is no longer content to play defense. It’s building a new system — with new metrics, new levers, and new standards of truth.

它还标志着更深的东西：该比特币不再满足于防守。它正在建立一个新的系统 - 具有新的指标，新的杠杆和新的真理标准。

Toward a New Benchmark for Honest Capital

朝着诚实资本的新基准

CFOs have always relied on trusted benchmarks: CPI, LIBOR, the 10-year yield, the S&P 500. But each of those reflects a world built on fiat assumptions.

首席财务官始终依靠可信赖的基准：CPI，LIBOR，10年的收益率，标准普尔500指数。但是，每个标准杂志都反映了一个基于菲亚特假设的世界。

Bitcoin offers something different. A monetary system where supply is fixed, issuance is transparent, and value isn’'s manipulated by policy or politics.

比特币提供了不同的东西。货币体系固定，发行是透明的，价值是通过政策或政治操纵的。

Samara’s BTCCPI is one of the first attempts to use that system as a lens, not just a ledger. It invites us to ask: what if we’ve been measuring inflation incorrectly? What if the signal we’ve been using to manage capital is inherently distorted?

萨马拉（Samara）的BTCCPI是将该系统用作镜头的首次尝试之一，而不仅仅是分类帐。它邀请我们问：如果我们一直在错误地衡量通货膨胀率怎么办？如果我们用来管理资本的信号固有地扭曲了怎么办？

And what if there was a better benchmark — not just for inflation, but for honest capital?

如果有更好的基准 - 不仅是通货膨胀，还为诚实的资本怎么办？

Thanks to Samara, we now have the beginning of an answer.

多亏了萨马拉（Samara），我们现在有了答案的开始。