<p><img src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2025/03/image-5.jpeg?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://ik.imagekit.io/invezz/uploads/2025/03/image-5.jpeg"/></p>
<p>如今大多數人都聽説過比特幣，即使那些仍然不理解它如何運作的人也可能意識到它被廣泛認為是一種 “數字黃金”。</p>
<p>這是因為比特幣與真實黃金有幾個共同特徵，例如稀缺性、被感知的價值以及作為經濟動盪的對沖工具的實用性。</p>
<p>但比特幣到底與黃金相比如何，哪一個在長期內是更好的投資呢？</p>
<p>這些問題對許多投資者來説都是緊迫的，仍然存在爭論，因此讓我們看看一些已確立的事實，看看我們能否猜測這兩種標誌性價值儲存工具的未來。</p>
<h2>稀缺性</h2>
<p>比特幣擁有眾多粉絲的主要原因之一就是它的稀缺性。它有一個硬編碼的有限供應，任何人都無法更改。總共只會有 2100 萬個比特幣，而且很多比特幣已經被 “丟失”，這使得它們本質上是稀缺的。</p>
<p>這當然與真實黃金相似，黃金是一種有限資源，儘管仍有未知數量的黃金被埋在地下。</p>
<p>但與黃金開採持續不斷地向全球市場提供穩定的新金錠不同，比特幣的減半機制意味着新幣的鑄造數量將越來越少，直到最後一個比特幣被挖掘出來。</p>
<p>儘管如此，每年新開採的黃金數量並不足以降低其價值，歷史上黃金的價格在幾百年間緩慢而穩步地上漲。</p>
<h2>經濟對沖</h2>
<p>幾個世紀以來，黃金在全球範圍內被廣泛用作價值儲存，保留可以代代相傳的財富。</p>
<p>比特幣越來越被視為數字等價物，其通縮特性使其成為那些希望保護財富的投資者的吸引投資。比特幣的優勢包括價格不易被通脹，銀行或政府也無法控制或沒收它。</p>
<p>比特幣的價格波動性遠高於黃金，但在過去 16 年中，這種資產的價值總體上大幅上升，在其高峰期不斷創下新高，儘管在熊市條件下其價格可能會急劇下跌。</p>
<p>儘管如此，比特幣的固定供應提供了相對於傳統法定貨幣的保護，後者隨着時間的推移會失去購買力。在高通脹等經濟動盪時期，許多政府會印製更多貨幣以應對，從而稀釋其貨幣的價值。</p>
<p>比特幣和黃金都免受這種通脹壓力。</p>
<h2>去中心化</h2>
<p>比特幣的粉絲常常將其去中心化的特性視為一個主要優勢，而在某種程度上，黃金也是類似的。</p>
<p>因為被埋在地下等待開採的黃金並不屬於任何人。找到它的人可以聲稱擁有它，政府對黃金價格的控制也非常有限。</p>
<p>比特幣存在於一個去中心化的區塊鏈上，由其用户控制。沒有人，包括美國政府，都無法以任何方式審查或操縱該區塊鏈。</p>
<p>這種去中心化增強了比特幣的安全性和透明度。這意味着任何人都可以獲取比特幣，每筆交易都是公開的，因此任何人都可以驗證。這些特性也有助於使比特幣抵禦腐敗。</p>
<h2>實體與數字</h2>
<p>由於比特幣是數字的，它在可攜帶性和存儲安全性方面相較於黃金具有顯著優勢。</p>
<p>它存儲在用户安裝在智能手機或個人電腦上的數字錢包中，可以在全球任何地方輕鬆轉移和訪問，只需幾次點擊。</p>
<p>有人可以在飛往另一個國家時攜帶價值數百萬美元的比特幣，而不會遇到任何困難或被任何人發現，甚至不需要帶智能手機，只需將私鑰記住即可。</p>
<p>而黃金則非常沉重，當你擁有數百萬美元的黃金時，運輸就不是那麼容易了。</p>
<p>你需要一車隊的卡車才能將其運送到任何地方，而且你還需要考慮安全問題——那麼多黃金可能需要武裝保安，更不用説到達目的地後需要一個安全的高科技金庫。</p>
<h2>黃金的優勢</h2>
<p>這並不是説比特幣優於黃金，因為實體黃金確實有一些重大優勢。</p>
<p>首先，黃金經受住了時間的考驗，作為價值儲存已經存在了數千年。</p>
<p>雖然比特幣類似，但它只存在了 16 年，因此我們無法知道它是否能夠在類似的時間框架內保持其價值。</p>
<p>此外，黃金具有一些獨特的特性，使其在現實世界中非常有用。它在電子行業中被廣泛用作智能手機、計算機和其他設備中的耐腐蝕電連接器，並且由於其非反應性特性，還在牙科、航空航天和某些醫療治療中有應用。它甚至在玻璃製造中被使用，幫助反射氣候控制建築物外部的太陽輻射。而比特幣沒有這樣的物理特性，永遠無法在工業中發揮作用。</p>
<p>一些投資者可能還會考慮比特幣在社會崩潰時的實用性。如果我們不幸經歷核冬天和/或互聯網的全面關閉，你肯定會希望自己購買的是實體黃金而不是加密貨幣。</p>
<h2>代幣化黃金</h2>
<p>值得注意的是，黃金的獨特優勢並沒有被加密行業忽視，許多代幣化形式的黃金如今在區塊鏈上存在。</p>
<p>一些最知名的黃金支持穩定幣包括 Paxos Gold (PAXG) 和 Tether Gold (XAUT)，還有許多較小的如 GoldCoin (GLC)、DigixGlobal (DGX)、AABB Gold Token (AABBG) 和 Kinesis Gold (KAU)。</p>
<p>這些數字資產的價格與特定數量的實物黃金掛鈎，以克或特洛伊盎司為單位，創作者保持一定的實物黃金作為抵押，以確保他們不會失去這種掛鈎。</p>
<p>這種代幣在加密貨幣圈中非常受歡迎，是最廣泛交易的穩定幣資產之一。與比特幣、實物黃金和美元支持的穩定幣一樣，它們是穩定的價值儲存工具，交易者用它們來從可能持有的更高波動性加密貨幣的風險頭寸中兑現。</p>
<p>代幣化黃金的受歡迎程度在加密交易所如 VALR 上顯而易見，該交易所為用户提供了在其 “偉大再平衡交易競賽” 中買賣 XAUT 的豐厚獎勵，每週為交易量最高的用户提供高達 5000 美元的現金獎勵。</p>
<h2>數字黃金將持續存在</h2>
<p>向數字經濟的轉型使得比特幣有可能鞏固其作為可靠價值儲存工具的地位。企業和政府現在都在將比特幣視為戰略資產，薩爾瓦多已經基於這種加密貨幣創建了世界上第一個 “戰略儲備”，而美國政府在特朗普總統任內承諾也將這樣做。</p>
<p>比特幣的日益普及無疑證明了它完全配得上 “數字黃金” 的稱號，儘管實物黃金本身將始終是一個重要資產，但它可能會發現自己有一天不再被視為世界的事實上的價值儲存工具。</p>
<p>比特幣與黃金：數字時代的價值儲存對決首次出現在 Invezz 上。</p>

GBTC

<p>這篇文章比較了比特幣和黃金作為價值儲存手段，強調了比特幣在稀缺性、經濟對沖、去中心化和可攜帶性方面的優勢。比特幣的供應量上限為 2100 萬枚，使其像黃金一樣稀缺，而黃金是一種有限資源。雖然比特幣被視為黃金的數字等價物，但其波動性更大。黃金作為可靠的價值儲存手段有着悠久的歷史，而比特幣的未來仍然不確定。這兩種資產都能抵禦通貨膨脹，但比特幣的數字特性使其在存儲和轉移方面比黃金的實體重量更為便捷</p>

<p><img src="https://imageproxy.pbkrs.com/https://ik.imagekit.io/invezz/uploads/2025/03/image-5.jpeg" alt="" original-src="https://ik.imagekit.io/invezz/uploads/2025/03/image-5.jpeg"/></p>
<p>Most people have heard about Bitcoin these days, and even those who still don’t understand how it works might be aware that it’s widely considered to be a kind of “digital gold”.</p>
<div class="lb-trans"><p>如今大多數人都聽説過比特幣，即使那些仍然不理解它如何運作的人也可能意識到它被廣泛認為是一種 “數字黃金”。</p>
</div><p>That’s because Bitcoin shares several characteristics with real gold, such as its scarcity, its perceived value and its usefulness as a hedge against economic turbulence.</p>
<div class="lb-trans"><p>這是因為比特幣與真實黃金有幾個共同特徵，例如稀缺性、被感知的價值以及作為經濟動盪的對沖工具的實用性。</p>
</div><p>But how does Bitcoin really stack up to gold, and which one is the best investment over the long term?</p>
<div class="lb-trans"><p>但比特幣到底與黃金相比如何，哪一個在長期內是更好的投資呢？</p>
</div><p>These are pressing questions for many investors and they’re still up for debate, so let’s take a look at some of the established facts and see if we can guess what the future holds for these two iconic stores of value.</p>
<div class="lb-trans"><p>這些問題對許多投資者來説都是緊迫的，仍然存在爭論，因此讓我們看看一些已確立的事實，看看我們能否猜測這兩種標誌性價值儲存工具的未來。</p>
</div><h2>Scarcity</h2>
<div class="lb-trans"><h2>稀缺性</h2>
</div><p>One of the main reasons why Bitcoin has so many fans is its scarcity. It has a hard-coded limited supply that no one can change. There will only ever be 21 million Bitcoins in total, and a lot of them have already been “lost”, which makes them inherently scarce.</p>
<div class="lb-trans"><p>比特幣擁有眾多粉絲的主要原因之一就是它的稀缺性。它有一個硬編碼的有限供應，任何人都無法更改。總共只會有 2100 萬個比特幣，而且很多比特幣已經被 “丟失”，這使得它們本質上是稀缺的。</p>
</div><p>That’s similar to real gold, of course, which is a finite resource, albeit with an unknown amount still trapped under ground.</p>
<div class="lb-trans"><p>這當然與真實黃金相似，黃金是一種有限資源，儘管仍有未知數量的黃金被埋在地下。</p>
</div><p>But whereas gold mining continues to deliver a steady stream of new ingots onto the global market, Bitcoin’s halving mechanism means that fewer and fewer new coins will be minted, until such a time as the last one is mined.</p>
<div class="lb-trans"><p>但與黃金開採持續不斷地向全球市場提供穩定的新金錠不同，比特幣的減半機制意味着新幣的鑄造數量將越來越少，直到最後一個比特幣被挖掘出來。</p>
</div><p>That said, the amount of new gold mined every year isn’t substantial enough to decrease its value, and historically the price of gold has increased slowly but surely for hundreds of years.</p>
<div class="lb-trans"><p>儘管如此，每年新開採的黃金數量並不足以降低其價值，歷史上黃金的價格在幾百年間緩慢而穩步地上漲。</p>
</div><h2>Economic hedge</h2>
<div class="lb-trans"><h2>經濟對沖</h2>
</div><p>For centuries, gold has been widely used across the world as a store of value, preserving wealth that can be handed down from generation to generation.</p>
<div class="lb-trans"><p>幾個世紀以來，黃金在全球範圍內被廣泛用作價值儲存，保留可以代代相傳的財富。</p>
</div><p>Bitcoin is increasingly seen as a digital equivalent, with its deflationary nature making it an appealing investment for those who want to protect their wealth. Bitcoin’s advantages include that the price cannot be inflated easily, and nor can it be controlled or confiscated by banks or governments.</p>
<div class="lb-trans"><p>比特幣越來越被視為數字等價物，其通縮特性使其成為那些希望保護財富的投資者的吸引投資。比特幣的優勢包括價格不易被通脹，銀行或政府也無法控制或沒收它。</p>
</div><p>Bitcoin’s price is much more volatile than that of gold, but in the 16 years it has been around, the value of this asset has risen sharply overall, consistently hitting new all-time highs at its peaks, even though its price can dip quite alarmingly during bearish conditions.</p>
<div class="lb-trans"><p>比特幣的價格波動性遠高於黃金，但在過去 16 年中，這種資產的價值總體上大幅上升，在其高峰期不斷創下新高，儘管在熊市條件下其價格可能會急劇下跌。</p>
</div><p>Still, the fixed supply of Bitcoin provides protection compared to traditional fiat currencies, which lose purchasing power over time. In times of economic turmoil such as high inflation, many governments will print more money to counteract it, diluting the value of their currency.</p>
<div class="lb-trans"><p>儘管如此，比特幣的固定供應提供了相對於傳統法定貨幣的保護，後者隨着時間的推移會失去購買力。在高通脹等經濟動盪時期，許多政府會印製更多貨幣以應對，從而稀釋其貨幣的價值。</p>
</div><p>Bitcoin, and gold, are immune to this inflationary pressure.</p>
<div class="lb-trans"><p>比特幣和黃金都免受這種通脹壓力。</p>
</div><h2>Decentralization</h2>
<div class="lb-trans"><h2>去中心化</h2>
</div><p>Bitcoin fans often cite its decentralized nature as a major benefit, and in a way gold is similar.</p>
<div class="lb-trans"><p>比特幣的粉絲常常將其去中心化的特性視為一個主要優勢，而在某種程度上，黃金也是類似的。</p>
</div><p>That’s because the gold trapped underground, waiting to be dug up, isn’t owned by anyone. Whoever finds it can claim it, and governments have very little control over gold prices either.</p>
<div class="lb-trans"><p>因為被埋在地下等待開採的黃金並不屬於任何人。找到它的人可以聲稱擁有它，政府對黃金價格的控制也非常有限。</p>
</div><p>Bitcoin lives on a decentralized blockchain that’s controlled by its users. It’s not possible for anyone, not even the US government, to censor or manipulate that blockchain in any way.</p>
<div class="lb-trans"><p>比特幣存在於一個去中心化的區塊鏈上，由其用户控制。沒有人，包括美國政府，都無法以任何方式審查或操縱該區塊鏈。</p>
</div><p>This decentralization enhances Bitcoin’s security and transparency. It means anyone can acquire Bitcoin, and every transaction is made public, so anyone can verify it. These characteristics also help to make Bitcoin resilient to corruption.</p>
<div class="lb-trans"><p>這種去中心化增強了比特幣的安全性和透明度。這意味着任何人都可以獲取比特幣，每筆交易都是公開的，因此任何人都可以驗證。這些特性也有助於使比特幣抵禦腐敗。</p>
</div><h2>Physical vs digital</h2>
<div class="lb-trans"><h2>實體與數字</h2>
</div><p>Because Bitcoin is digital, it has a significant advantage over gold in being more portable and easier to store and secure.</p>
<div class="lb-trans"><p>由於比特幣是數字的，它在可攜帶性和存儲安全性方面相較於黃金具有顯著優勢。</p>
</div><p>It lives inside user’s digital wallets installed on smartphones or PCs, and it can easily be transferred and accessed anywhere in the world with a few clicks.</p>
<div class="lb-trans"><p>它存儲在用户安裝在智能手機或個人電腦上的數字錢包中，可以在全球任何地方輕鬆轉移和訪問，只需幾次點擊。</p>
</div><p>Someone could bring millions of dollars worth of Bitcoin with them when they fly to another country, without any difficulty or without anyone knowing, and they don’t even need to bring a smartphone if they can commit their private key to memory.</p>
<div class="lb-trans"><p>有人可以在飛往另一個國家時攜帶價值數百萬美元的比特幣，而不會遇到任何困難或被任何人發現，甚至不需要帶智能手機，只需將私鑰記住即可。</p>
</div><p>Gold, on the other hand, is incredibly heavy, and when you have several million dollars worth of it, it’s not so easy to transport.</p>
<div class="lb-trans"><p>而黃金則非常沉重，當你擁有數百萬美元的黃金時，運輸就不是那麼容易了。</p>
</div><p>You’ll need a fleet of trucks to bring it anywhere, and you’ll also want to consider security – that much gold will likely require armed guards, not to mention a secure hi-tech vault once you reach your destination.</p>
<div class="lb-trans"><p>你需要一車隊的卡車才能將其運送到任何地方，而且你還需要考慮安全問題——那麼多黃金可能需要武裝保安，更不用説到達目的地後需要一個安全的高科技金庫。</p>
</div><h2>Gold’s advantage</h2>
<div class="lb-trans"><h2>黃金的優勢</h2>
</div><p>That’s not to say Bitcoin is superior, for physical gold does have some major advantages itself.</p>
<div class="lb-trans"><p>這並不是説比特幣優於黃金，因為實體黃金確實有一些重大優勢。</p>
</div><p>For one thing, gold has stood the test of time, serving as a store of value for thousands of years.</p>
<div class="lb-trans"><p>首先，黃金經受住了時間的考驗，作為價值儲存已經存在了數千年。</p>
</div><p>While Bitcoin is similar, it has only existed for 16 years, so we have no way of knowing if it will be able to retain its value over a similar timeframe.</p>
<div class="lb-trans"><p>雖然比特幣類似，但它只存在了 16 年，因此我們無法知道它是否能夠在類似的時間框架內保持其價值。</p>
</div><p>Moreover, gold has some unique properties that make it useful in the real world. It’s widely used in the electronics industry as a corrosion-resistant electrical connector in smartphones, computers, and other devices, and it also has uses in dentistry, aerospace, and some kinds of medical treatments, thanks to its non-reactive properties. It’s even used in glassmaking, helping to reflect solar radiation outwards in climate-controlled buildings. Bitcoin, without such physical properties, will never be useful in industry.</p>
<div class="lb-trans"><p>此外，黃金具有一些獨特的特性，使其在現實世界中非常有用。它在電子行業中被廣泛用作智能手機、計算機和其他設備中的耐腐蝕電連接器，並且由於其非反應性特性，還在牙科、航空航天和某些醫療治療中有應用。它甚至在玻璃製造中被使用，幫助反射氣候控制建築物外部的太陽輻射。而比特幣沒有這樣的物理特性，永遠無法在工業中發揮作用。</p>
</div><p>Some investors might also consider Bitcoin’s usefulness in the event of societal collapse. If we’re ever unlucky enough to see the onset of nuclear winter and/or a total shutdown of the internet, you’ll surely wish you had bought real gold rather than crypto.</p>
<div class="lb-trans"><p>一些投資者可能還會考慮比特幣在社會崩潰時的實用性。如果我們不幸經歷核冬天和/或互聯網的全面關閉，你肯定會希望自己購買的是實體黃金而不是加密貨幣。</p>
</div><h2>Tokenized gold</h2>
<div class="lb-trans"><h2>代幣化黃金</h2>
</div><p>Notably, gold’s distinct advantages are not lost on the crypto industry, and many tokenized forms of gold live today on the blockchain.</p>
<div class="lb-trans"><p>值得注意的是，黃金的獨特優勢並沒有被加密行業忽視，許多代幣化形式的黃金如今在區塊鏈上存在。</p>
</div><p>Some of the best-known gold-backed stablecoins include Paxos Gold (PAXG) and Tether Gold (XAUT), and there are many smaller ones such as GoldCoin (GLC), DigixGlobal (DGX), AABB Gold Token (AABBG) and Kinesis Gold (KAU).</p>
<div class="lb-trans"><p>一些最知名的黃金支持穩定幣包括 Paxos Gold (PAXG) 和 Tether Gold (XAUT)，還有許多較小的如 GoldCoin (GLC)、DigixGlobal (DGX)、AABB Gold Token (AABBG) 和 Kinesis Gold (KAU)。</p>
</div><p>The price of each of these digital assets is pegged to a specific amount of physical gold, measured in grams or Troy ounces, and the creators maintain a physical supply of gold as collateral to ensure they don’t lose that peg.</p>
<div class="lb-trans"><p>這些數字資產的價格與特定數量的實物黃金掛鈎，以克或特洛伊盎司為單位，創作者保持一定的實物黃金作為抵押，以確保他們不會失去這種掛鈎。</p>
</div><p>Such tokens have proven popular with the crypto crowd, and they’re among the most widely-traded stablecoin assets. As with Bitcoin, real gold and USD-backed stablecoins, they’re a stable store of value, used by traders to cash out of the risky positions they might hold in more volatile cryptocurrencies.</p>
<div class="lb-trans"><p>這種代幣在加密貨幣圈中非常受歡迎，是最廣泛交易的穩定幣資產之一。與比特幣、實物黃金和美元支持的穩定幣一樣，它們是穩定的價值儲存工具，交易者用它們來從可能持有的更高波動性加密貨幣的風險頭寸中兑現。</p>
</div><p>The popularity of tokenized gold is evident on crypto exchanges such as VALR, which is offering users some big incentives to buy and sell XAUT in its “Great Re-Balancing Trading Competition”, with up to $5,000 in cash prizes weekly for those with the highest trade count.</p>
<div class="lb-trans"><p>代幣化黃金的受歡迎程度在加密交易所如 VALR 上顯而易見，該交易所為用户提供了在其 “偉大再平衡交易競賽” 中買賣 XAUT 的豐厚獎勵，每週為交易量最高的用户提供高達 5000 美元的現金獎勵。</p>
</div><h2>Digital gold is here to stay</h2>
<div class="lb-trans"><h2>數字黃金將持續存在</h2>
</div><p>The transition towards digital economies makes it likely that Bitcoin will cement its status as a reliable store of value. Businesses and governments alike are now looking at Bitcoin as a strategic asset, with El Salvador having created the world’s first “strategic reserve” based on the cryptocurrency, and the U.S. government promising to do the same under President Trump.</p>
<div class="lb-trans"><p>向數字經濟的轉型使得比特幣有可能鞏固其作為可靠價值儲存工具的地位。企業和政府現在都在將比特幣視為戰略資產，薩爾瓦多已經基於這種加密貨幣創建了世界上第一個 “戰略儲備”，而美國政府在特朗普總統任內承諾也將這樣做。</p>
</div><p>Bitcoin’s growing adoption leaves no doubt that it fully merits its status as “digital gold”, and while physical gold itself will always be a significant asset, it may one day find that it’s no longer considered to be the world’s de facto store of value.</p>
<div class="lb-trans"><p>比特幣的日益普及無疑證明了它完全配得上 “數字黃金” 的稱號，儘管實物黃金本身將始終是一個重要資產，但它可能會發現自己有一天不再被視為世界的事實上的價值儲存工具。</p>
</div><p>The post Bitcoin vs. gold: the digital age's store of value showdown appeared first on Invezz</p>
<div class="lb-trans"><p>比特幣與黃金：數字時代的價值儲存對決首次出現在 Invezz 上。</p>
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比特幣與黃金：數字時代的價值儲存之爭