<p>在特朗普总统的第一任期内，听到他在新闻采访中谈论股市并不罕见。从某种程度上来说，这并不令人惊讶，因为他有房地产开发商的背景。自上周再次宣誓就职以来，特朗普频繁谈论其他与市场相关的事项，如利率和关税。</p>
<p>然而，总统似乎对市场的另一个领域产生了兴趣，超出了其传统动态：加密货币。</p>
<p>在下面，我将分析两种流行的加密货币，并阐述我认为在特朗普下一个四年任期内哪一种更值得购买。</p>
<h2>XRP（Ripple）：3 美元的好机会？</h2>
<p>Ripple 是一个支付网络，作为传统解决方案（如全球银行间金融通信协会（SWIFT）协议）的替代方案。使用 Ripple 基础设施的主要好处是支付结算时间更快，费用比主流提供商低。<strong>XRP</strong>（XRP）是一种在 Ripple 网络上交易的加密货币，为银行和企业提供了一种创造性的方法来进行资金往来，同时避免高额的外汇费用。</p>
<p>截至目前（1 月 27 日），XRP 的价格约为 3 美元。便宜，对吧？好吧，正如我之前所写，较低的美元金额并不总是等同于合理定价的资产。</p>
<p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/c1425bb3275fe0b71ea411deddc7d9c4.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/c1425bb3275fe0b71ea411deddc7d9c4.png"/></p>
<p>XRP 价格数据来源于 YCharts</p>
<p>在上面的图表中，你可以看到 XRP 在去年大部分时间都低于 1 美元。但在 11 月，这种加密货币飙升，目前市值达 1710 亿美元。</p>
<p>推动 XRP 飙升的主要催化剂是特朗普的连任。在他的竞选活动中，特朗普频繁宣传支持加密货币的言论，尤其是从监管的角度。</p>
<p>此外，特朗普提名保罗·阿特金斯担任证券交易委员会（SEC）主席也被视为对 XRP 的重大利好。原因在于 Ripple 在过去几年与 SEC 的法律纠纷中，SEC 指控该公司以未注册证券的方式出售 XRP。鉴于阿特金斯对加密货币领域的支持，有人推测，如果他被确认担任 SEC 主席，可能会结束 Ripple 的诉讼，为 XRP 铺平更光明的未来。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MDQ3MDYvYml0Y29pbi1sb2dvLmpwZyZ3PTcwMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MDQ3MDYvYml0Y29pbi1sb2dvLmpwZyZ3PTcwMA"/></p>
<p>图片来源：Getty Images。</p>
<h2>比特币：特朗普总统是否为比特币的未来铺平道路？</h2>
<p>在他就职后不久，特朗普走进椭圆形办公室签署了一堆行政命令。其中一项命令是&#34;促进美国在数字资产和金融科技方面的领导地位。&#34;</p>
<p>虽然这项声明相当宽泛，但我认为这项命令对 <strong>比特币</strong>（BTC）特别积极。我的理由围绕着总统和他的一些核心团队成员不断提出建立战略比特币储备的想法。</p>
<p>比特币是一种比 XRP 更成熟的加密货币，总统对它的具体支持让我有一定的信心。不过，明确一点，仅仅因为总统签署了一项行政命令，委托他的顾问们研究更友好的加密框架以及将比特币纳入美国资产负债表的潜在采用，并不一定意味着这些事情会发生。</p>
<h2>结论</h2>
<p>虽然我认为阿特金斯被确认担任 SEC 主席可能对 Ripple 是一个净利好，但我也认为如果 SEC 撤回对该公司的诉讼，那么 XRP 的任何上涨可能都是短暂的。换句话说，Ripple 赢得与 SEC 的案件并不一定对 XRP 本身是一个成功的故事。原因在于银行和企业仍然可以在不以任何方式采用 XRP 的情况下使用 Ripple 的支付网络。</p>
<p>此外，我建议谨慎对待 XRP 可能经历的任何动量驱动的波动，尤其是在 Ripple 从法律风波中安然无恙的情况下。对我来说，XRP 仍然是加密领域中的一种投机机会，我现在会犹豫是否投资。</p>
<p>然而，我对比特币在未来四年中的前景持乐观态度。我认为在特朗普的领导下，加密货币的监管环境将发生剧烈变化，并以积极的方式进一步影响比特币的价格。</p>
<p>虽然比特币仍然带有一定程度的投机性，但与其他加密货币（如 XRP）相比，我对其长期价格上涨的看法更加乐观。</p>

GBTC

<p>这篇文章比较了在特朗普总统任期内，XRP（瑞波币）和比特币作为投资选项的表现。文章强调了 XRP 由于更快的支付解决方案和更低的费用而具有的潜力，但也警告其投机性质，尤其是在持续的 SEC 法律问题背景下。相反，比特币则被更为看好，得益于特朗普的行政命令促进数字资产的发展以及潜在的战略储备。作者建议，尽管 XRP 可能会经历波动，但比特币可能会受益于更有利的监管环境，使其成为更好的长期投资选择</p>

<p>During President Donald Trump's first term in office, it was not uncommon to hear him speak about the stock market during press interviews. In a way, this isn't entirely surprising given his history as a real estate developer. Since he was sworn in again last week, Trump has frequently spoken about other market-related items such as interest rates and tariffs.</p>
<div class="lb-trans"><p>在特朗普总统的第一任期内，听到他在新闻采访中谈论股市并不罕见。从某种程度上来说，这并不令人惊讶，因为他有房地产开发商的背景。自上周再次宣誓就职以来，特朗普频繁谈论其他与市场相关的事项，如利率和关税。</p>
</div><p>However, the president appears to have formed an interest in another area of the market outside of its traditional dynamics: cryptocurrency.</p>
<div class="lb-trans"><p>然而，总统似乎对市场的另一个领域产生了兴趣，超出了其传统动态：加密货币。</p>
</div><p>Below, I examine two popular cryptocurrencies and make the case for which one I see as the better buy during Trump's next four years in the Oval Office.</p>
<div class="lb-trans"><p>在下面，我将分析两种流行的加密货币，并阐述我认为在特朗普下一个四年任期内哪一种更值得购买。</p>
</div><h2>XRP (Ripple): Good opportunity for $3?</h2>
<div class="lb-trans"><h2>XRP（Ripple）：3 美元的好机会？</h2>
</div><p>Ripple is a payments network that serves as an alternative to legacy solutions such as the Society for Worldwide Interbank Financial Telecommunication (SWIFT) protocol. The main benefits of using Ripple's infrastructure are faster payment settlement times and lower fees compared to mainstream providers. <strong>XRP</strong>(XRP) is a cryptocurrency that trades on the Ripple network, offering banks and corporations a creative way to send funds back and forth while circumventing hefty foreign exchange fees.</p>
<div class="lb-trans"><p>Ripple 是一个支付网络，作为传统解决方案（如全球银行间金融通信协会（SWIFT）协议）的替代方案。使用 Ripple 基础设施的主要好处是支付结算时间更快，费用比主流提供商低。<strong>XRP</strong>（XRP）是一种在 Ripple 网络上交易的加密货币，为银行和企业提供了一种创造性的方法来进行资金往来，同时避免高额的外汇费用。</p>
</div><p>As of this writing (Jan. 27), XRP's price is about $3. Cheap, right? Well, as I've written before, a lower dollar amount does not always equate to a reasonably priced asset.</p>
<div class="lb-trans"><p>截至目前（1 月 27 日），XRP 的价格约为 3 美元。便宜，对吧？好吧，正如我之前所写，较低的美元金额并不总是等同于合理定价的资产。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/c1425bb3275fe0b71ea411deddc7d9c4.png" alt="" original-src="https://media.ycharts.com/charts/c1425bb3275fe0b71ea411deddc7d9c4.png"/></p>
<p>XRP Price data by YCharts</p>
<div class="lb-trans"><p>XRP 价格数据来源于 YCharts</p>
</div><p>In the chart above, you can see that XRP was trading below $1 for most of last year. But then in November, the cryptocurrency skyrocketed and it now boasts a market capitalization of $171 billion.</p>
<div class="lb-trans"><p>在上面的图表中，你可以看到 XRP 在去年大部分时间都低于 1 美元。但在 11 月，这种加密货币飙升，目前市值达 1710 亿美元。</p>
</div><p>The primary catalyst that fueled XRP's surge was Trump's reelection. During his time on the campaign trail, Trump frequently touted pro-crypto rhetoric -- especially from a regulatory standpoint.</p>
<div class="lb-trans"><p>推动 XRP 飙升的主要催化剂是特朗普的连任。在他的竞选活动中，特朗普频繁宣传支持加密货币的言论，尤其是从监管的角度。</p>
</div><p>Moreover, Trump's nomination of Paul Atkins to lead the Securities and Exchange Commission (SEC) is also viewed as a major positive for XRP. The reason is that Ripple has spent the last several years in a legal whirlwind with the SEC, which alleges the company is selling XRP as an unregistered security. Given Atkins' support of the crypto landscape, some speculate that his leadership at the SEC (should he be confirmed) could put an end to Ripple's lawsuit and pave the way for a brighter future for XRP.</p>
<div class="lb-trans"><p>此外，特朗普提名保罗·阿特金斯担任证券交易委员会（SEC）主席也被视为对 XRP 的重大利好。原因在于 Ripple 在过去几年与 SEC 的法律纠纷中，SEC 指控该公司以未注册证券的方式出售 XRP。鉴于阿特金斯对加密货币领域的支持，有人推测，如果他被确认担任 SEC 主席，可能会结束 Ripple 的诉讼，为 XRP 铺平更光明的未来。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MDQ3MDYvYml0Y29pbi1sb2dvLmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F804706%2Fbitcoin-logo.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>Bitcoin: Is President Trump paving the way for Bitcoin's future?</h2>
<div class="lb-trans"><h2>比特币：特朗普总统是否为比特币的未来铺平道路？</h2>
</div><p>Shortly after his inauguration, Trump stepped into the Oval Office to sign piles of executive orders. Among them was an order to &#34;promote United States leadership in digital assets and financial technology.&#34;</p>
<div class="lb-trans"><p>在他就职后不久，特朗普走进椭圆形办公室签署了一堆行政命令。其中一项命令是&#34;促进美国在数字资产和金融科技方面的领导地位。&#34;</p>
</div><p>While this statement is rather broad, I see this order as particularly positive for <strong>Bitcoin</strong>(BTC). My reasoning revolves around the president and some in his inner circle consistently floating the idea of a strategic Bitcoin reserve.</p>
<div class="lb-trans"><p>虽然这项声明相当宽泛，但我认为这项命令对 <strong>比特币</strong>（BTC）特别积极。我的理由围绕着总统和他的一些核心团队成员不断提出建立战略比特币储备的想法。</p>
</div><p>Bitcoin is a more established cryptocurrency than XRP and the president's specific support of it gives me some degree of confidence. To be clear, though, just because the president signed an executive order delegating his advisors to work on more crypto-friendly frameworks and the potential adoption of Bitcoin to the U.S. balance sheet does not necessarily mean any of these things will happen.</p>
<div class="lb-trans"><p>比特币是一种比 XRP 更成熟的加密货币，总统对它的具体支持让我有一定的信心。不过，明确一点，仅仅因为总统签署了一项行政命令，委托他的顾问们研究更友好的加密框架以及将比特币纳入美国资产负债表的潜在采用，并不一定意味着这些事情会发生。</p>
</div><h2>The verdict</h2>
<div class="lb-trans"><h2>结论</h2>
</div><p>While I see that Atkins being confirmed to lead the SEC could be a net positive for Ripple, I also think if the SEC drops its lawsuit against the company, then any upward swings in XRP could be fleeting. In other words, Ripple winning its case against the SEC would not necessarily be a success story for XRP specifically. The reason is that banks and corporations could still work with Ripple's payments network without adopting XRP in any way.</p>
<div class="lb-trans"><p>虽然我认为阿特金斯被确认担任 SEC 主席可能对 Ripple 是一个净利好，但我也认为如果 SEC 撤回对该公司的诉讼，那么 XRP 的任何上涨可能都是短暂的。换句话说，Ripple 赢得与 SEC 的案件并不一定对 XRP 本身是一个成功的故事。原因在于银行和企业仍然可以在不以任何方式采用 XRP 的情况下使用 Ripple 的支付网络。</p>
</div><p>Furthermore, I'd caution against following any momentum-driven volatility that XRP could experience should Ripple come out unscathed from its legal turbulence. To me, XRP remains a speculative opportunity in the crypto realm and I'd hesitate to invest in it right now.</p>
<div class="lb-trans"><p>此外，我建议谨慎对待 XRP 可能经历的任何动量驱动的波动，尤其是在 Ripple 从法律风波中安然无恙的情况下。对我来说，XRP 仍然是加密领域中的一种投机机会，我现在会犹豫是否投资。</p>
</div><p>However, I am optimistic that better days are ahead for Bitcoin over the next four years. I think the regulatory environment surrounding crypto will change dramatically under Trump, and in such a way that positively influences the price of Bitcoin further.</p>
<div class="lb-trans"><p>然而，我对比特币在未来四年中的前景持乐观态度。我认为在特朗普的领导下，加密货币的监管环境将发生剧烈变化，并以积极的方式进一步影响比特币的价格。</p>
</div><p>While Bitcoin still carries some degree of speculation, I am more bullish on its price appreciation in the long run when compared to other cryptocurrencies such as XRP.</p>
<div class="lb-trans"><p>虽然比特币仍然带有一定程度的投机性，但与其他加密货币（如 XRP）相比，我对其长期价格上涨的看法更加乐观。</p>
</div>

XRP（瑞波）与比特币：在特朗普政府期间哪个更值得投资？