<p><strong>比特幣</strong>（BTC -0.56%）和 <strong>柴犬幣</strong>（SHIB -2.14%）通常吸引不同類型的投資者。比特幣是全球最大的加密貨幣，市值為 2.43 萬億美元，被視為一種 “藍籌” 代幣，因其稀缺性而受到重視，常常與黃金進行比較。</p>
<p>柴犬幣的市值為 72 億美元，是一種模因幣，最初是作為 <strong>狗狗幣</strong>（DOGE -0.53%）的惡搞而創建的——狗狗幣本身也是對比特幣的惡搞。在過去的 12 個月裏，這種以犬類為主題的幣種價值下降了約 30%，而比特幣的價格則上漲了 95%。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzY5ODIvc2hpYmEtaW51LWRvZy1kb2dlLWRvZ2Vjb2luLmpwZWcmdz03MDA?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-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzY5ODIvc2hpYmEtaW51LWRvZy1kb2dlLWRvZ2Vjb2luLmpwZWcmdz03MDA"/></p>
<p>圖片來源：Getty Images。</p>
<p>對於大多數投資者來説，購買比特幣可能比購買柴犬幣更有意義。但讓我們深入探討一下，看看是否有合理的逆向投資理由，支持購買柴犬幣而非比特幣。</p>
<h2>比特幣與柴犬幣的區別</h2>
<p>比特幣仍然採用能源密集型的工作量證明（PoW）機制進行挖礦。其挖礦難度每四年上升一次，隨着計劃中的 “減半” 事件將獎勵減半，已有 1990 萬個代幣被挖掘，最大供應量為 2100 萬個。這樣的編程稀缺性使其類似於黃金或其他硬資產。</p>
<p>美國證券交易委員會（SEC）注意到比特幣與主流商品的相似性，於去年一月批准了首個現貨價格交易所交易基金（ETF）。許多公司、機構投資者甚至國家都在積累比特幣，以對沖通貨膨脹。</p>
<p>柴犬幣是一個在以太坊（ETH 0.30%）上鑄造的 ERC-20 代幣，運行在節能的權益證明（PoS）機制上。PoS 區塊鏈不支持挖礦，但支持智能合約——可用於開發去中心化應用（dApps）、非同質化代幣（NFT）和其他加密資產。PoS 代幣也可以被 “質押”，即鎖定以獲得類似利息的獎勵。</p>
<p>由於柴犬幣是在以太坊上鑄造的，並且仍然運行在其第一層（L1）區塊鏈上，因此它本身不支持開發自己的應用。其全部供應量為 1 千萬億個代幣，在推出時就已鑄造完成，而其定期銷燬（永久性移除其代幣流通）已將流通供應量減少到大約 589.5 萬億個代幣。但目前看來，任何加密公司向 SEC 提交柴犬幣 ETF 的申請似乎不太可能。</p>
<h2>柴犬幣的牛市和熊市案例是什麼？</h2>
<p>柴犬幣的未來增長依賴於其在 2023 年推出的第二層（L2）網絡 Shibarium。通過將交易捆綁在一起並在鏈外處理，Shibarium 可以提供比以太坊的 L1 區塊鏈更高的交易速度和更低的手續費。它還完全支持與以太坊兼容的智能合約以及去中心化應用和代幣的開發。為了吸引更多開發者到 Shibarium，柴犬幣團隊一直在添加新的開發者工具和資源、開發者補貼的手續費以及具有更嚴格安全協議的改進質押模型。然而，其網絡在今年九月仍然經歷了一次重大安全漏洞。</p>
<p>看漲者預計，隨着 Shibarium 吸引更多開發者和 dApp 用户，柴犬幣的價格將穩定並上漲。但它也面臨來自其他以太坊基礎的 L2 網絡如 <strong>Arbitrum</strong>（CRYPTO: ARB）和 <strong>Polygon</strong>（CRYPTO: MATIC）的激烈競爭，以及來自更快、更便宜的 L1 PoS 區塊鏈如 <strong>Solana</strong>（CRYPTO: SOL）的競爭。</p>
<p>如果沒有任何突出的特點，柴犬幣可能會難以吸引更多投資者。即使下降的利率在未來 12 個月內點燃新的 “加密夏季”，柴犬幣也可能會被拋在後面——就像過去一年一樣——當看漲者蜂擁向比特幣和以太坊等藍籌代幣。</p>
<h2>購買柴犬幣而非比特幣是否有逆向投資的理由？</h2>
<p>一些投資者可能認為柴犬幣的上漲潛力超過比特幣，因為它是一個遙遠的黑馬。但在加密市場中，許多黑馬由於無法通過稀缺性或開發者生態系統的增長潛力來評估，最終被拋在了後面。這就是為什麼柴犬幣在可預見的未來可能會表現不佳於比特幣的原因。比特幣有明確的催化劑在前方，而柴犬幣可能會在競爭中迷失，難以跟上更有前景的 PoS 代幣如以太坊和 Solana。</p>

GBTC

<p>這篇文章比較了比特幣和柴犬幣，突出了它們在投資者吸引力和市場動態方面的差異。比特幣作為一種稀缺的藍籌加密貨幣，在過去一年中價值上漲了 95%，而柴犬幣作為一種表情幣，則下跌了 30%。比特幣的挖礦過程和機構採用與柴犬幣依賴的第二層網絡 Shibarium 形成對比，後者面臨競爭和安全問題。儘管一些投資者看好柴犬幣的潛力，但其缺乏獨特特性可能會阻礙其相較於比特幣和其他成熟加密貨幣的增長</p>

<p><strong>Bitcoin</strong>(BTC -0.56%) and <strong>Shiba Inu</strong>(SHIB -2.14%) generally attract different types of investors. Bitcoin, the world's largest cryptocurrency with a market cap of $2.43 trillion, is a &#34;blue chip&#34; token valued by its scarcity and often compared to gold.</p>
<div class="lb-trans"><p><strong>比特幣</strong>（BTC -0.56%）和 <strong>柴犬幣</strong>（SHIB -2.14%）通常吸引不同類型的投資者。比特幣是全球最大的加密貨幣，市值為 2.43 萬億美元，被視為一種 “藍籌” 代幣，因其稀缺性而受到重視，常常與黃金進行比較。</p>
</div><p>Shiba Inu, which has a market cap of $7.2 billion, is a meme coin that was originally created as a parody of <strong>Dogecoin</strong>(DOGE -0.53%) -- which itself was a parody of Bitcoin. Over the past 12 months, that canine-themed coin shed about 30% of its value as Bitcoin's price surged 95%.</p>
<div class="lb-trans"><p>柴犬幣的市值為 72 億美元，是一種模因幣，最初是作為 <strong>狗狗幣</strong>（DOGE -0.53%）的惡搞而創建的——狗狗幣本身也是對比特幣的惡搞。在過去的 12 個月裏，這種以犬類為主題的幣種價值下降了約 30%，而比特幣的價格則上漲了 95%。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzY5ODIvc2hpYmEtaW51LWRvZy1kb2dlLWRvZ2Vjb2luLmpwZWcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F836982%2Fshiba-inu-dog-doge-dogecoin.jpeg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>圖片來源：Getty Images。</p>
</div><p>For most investors, it might make more sense to buy Bitcoin than Shiba Inu. But let's dig deeper and see if there's a valid contrarian case for buying Shiba Inu over Bitcoin.</p>
<div class="lb-trans"><p>對於大多數投資者來説，購買比特幣可能比購買柴犬幣更有意義。但讓我們深入探討一下，看看是否有合理的逆向投資理由，支持購買柴犬幣而非比特幣。</p>
</div><h2>The differences between Bitcoin and Shiba Inu</h2>
<div class="lb-trans"><h2>比特幣與柴犬幣的區別</h2>
</div><p>Bitcoin is still mined with the energy-intensive proof-of-work (PoW) mechanism. Its mining difficulty climbs every four years with scheduled &#34;halvings&#34; that cut its rewards in half, and 19.9 million of its maximum supply of 21 million tokens have already been mined. That programmed scarcity makes it similar to gold or other hard assets.</p>
<div class="lb-trans"><p>比特幣仍然採用能源密集型的工作量證明（PoW）機制進行挖礦。其挖礦難度每四年上升一次，隨着計劃中的 “減半” 事件將獎勵減半，已有 1990 萬個代幣被挖掘，最大供應量為 2100 萬個。這樣的編程稀缺性使其類似於黃金或其他硬資產。</p>
</div><p>The Securities and Exchange Commission (SEC), noting Bitcoin's similarity to mainstream commodities, approved its first spot price exchange-traded funds (ETFs) last January. Many companies, institutional investors, and even countries have been accumulating Bitcoin as a hedge against inflation.</p>
<div class="lb-trans"><p>美國證券交易委員會（SEC）注意到比特幣與主流商品的相似性，於去年一月批准了首個現貨價格交易所交易基金（ETF）。許多公司、機構投資者甚至國家都在積累比特幣，以對沖通貨膨脹。</p>
</div><p>Shiba Inu is an ERC-20 token that was minted on Ethereum (ETH 0.30%), which runs on the energy-efficient proof-of-stake (PoS) mechanism. PoS blockchains don't support mining, but they support smart contracts -- which can be used to develop decentralized apps (dApps), non-fungible tokens (NFTs), and other crypto assets. PoS tokens can also be &#34;staked,&#34; or locked up to earn interest-like rewards, on their blockchains.</p>
<div class="lb-trans"><p>柴犬幣是一個在以太坊（ETH 0.30%）上鑄造的 ERC-20 代幣，運行在節能的權益證明（PoS）機制上。PoS 區塊鏈不支持挖礦，但支持智能合約——可用於開發去中心化應用（dApps）、非同質化代幣（NFT）和其他加密資產。PoS 代幣也可以被 “質押”，即鎖定以獲得類似利息的獎勵。</p>
</div><p>Since Shiba Inu was minted on Ethereum and still runs on its Layer-1 (L1) blockchain, it doesn't natively support the development of its own apps. Its entire supply of 1 quadrillion tokens was minted upon its launch, while its periodic burns (which permanently remove its tokens from circulation) have reduced its circulating supply to roughly 589.5 trillion tokens. But for now, it seems unlikely that any crypto firms will submit applications for Shiba Inu ETFs to the SEC.</p>
<div class="lb-trans"><p>由於柴犬幣是在以太坊上鑄造的，並且仍然運行在其第一層（L1）區塊鏈上，因此它本身不支持開發自己的應用。其全部供應量為 1 千萬億個代幣，在推出時就已鑄造完成，而其定期銷燬（永久性移除其代幣流通）已將流通供應量減少到大約 589.5 萬億個代幣。但目前看來，任何加密公司向 SEC 提交柴犬幣 ETF 的申請似乎不太可能。</p>
</div><h2>What are the bull and bear cases for Shiba Inu?</h2>
<div class="lb-trans"><h2>柴犬幣的牛市和熊市案例是什麼？</h2>
</div><p>Shiba Inu's future growth is pinned to Shibarium, its Layer-2 (L2) network that was launched in 2023. By bundling together transactions and processing them off-chain, Shibarium can provide higher transaction speeds and lower gas fees than Ethereum's L1 blockchain. It also fully supports Ethereum-compatible smart contracts and the development of dApps and tokens. To draw more developers to Shibarium, Shiba Inu's team has been adding new developer tools and resources, developer-subsidized gas fees, and a revamped staking model with tighter security protocols. However, its network still experienced a significant security breach this September.</p>
<div class="lb-trans"><p>柴犬幣的未來增長依賴於其在 2023 年推出的第二層（L2）網絡 Shibarium。通過將交易捆綁在一起並在鏈外處理，Shibarium 可以提供比以太坊的 L1 區塊鏈更高的交易速度和更低的手續費。它還完全支持與以太坊兼容的智能合約以及去中心化應用和代幣的開發。為了吸引更多開發者到 Shibarium，柴犬幣團隊一直在添加新的開發者工具和資源、開發者補貼的手續費以及具有更嚴格安全協議的改進質押模型。然而，其網絡在今年九月仍然經歷了一次重大安全漏洞。</p>
</div><p>The bulls expect Shiba Inu's price to stabilize and rise as Shibarium attracts more developers and dApp users. But it also faces stiff competition from other Ethereum-based L2 networks like <strong>Arbitrum</strong>(CRYPTO: ARB) and <strong>Polygon</strong>(CRYPTO: MATIC), as well as faster and cheaper L1 PoS blockchains like <strong>Solana</strong>(CRYPTO: SOL).</p>
<div class="lb-trans"><p>看漲者預計，隨着 Shibarium 吸引更多開發者和 dApp 用户，柴犬幣的價格將穩定並上漲。但它也面臨來自其他以太坊基礎的 L2 網絡如 <strong>Arbitrum</strong>（CRYPTO: ARB）和 <strong>Polygon</strong>（CRYPTO: MATIC）的激烈競爭，以及來自更快、更便宜的 L1 PoS 區塊鏈如 <strong>Solana</strong>（CRYPTO: SOL）的競爭。</p>
</div><p>Without any standout features, Shiba Inu could struggle to attract more investors. Even if declining interest rates ignite a new &#34;crypto summer&#34; over the next 12 months, Shiba Inu could be left behind -- as it was over the past year -- as the bulls rush toward blue chip tokens like Bitcoin and Ether.</p>
<div class="lb-trans"><p>如果沒有任何突出的特點，柴犬幣可能會難以吸引更多投資者。即使下降的利率在未來 12 個月內點燃新的 “加密夏季”，柴犬幣也可能會被拋在後面——就像過去一年一樣——當看漲者蜂擁向比特幣和以太坊等藍籌代幣。</p>
</div><h2>Is there a contrarian case for buying Shiba Inu over Bitcoin?</h2>
<div class="lb-trans"><h2>購買柴犬幣而非比特幣是否有逆向投資的理由？</h2>
</div><p>Some investors might think Shiba Inu has more upside potential than Bitcoin because it's a distant underdog. But in the crypto market, a lot of the underdogs get left behind because they can't be gauged by their scarcity of the growth potential of their developer ecosystems. That's why Shiba Inu could underperform Bitcoin for the foreseeable future. Whereas Bitcoin has clear catalysts on the horizon, Shiba Inu could get lost in the shuffle and struggle to keep up with more promising PoS tokens like Ether and Solana.</p>
<div class="lb-trans"><p>一些投資者可能認為柴犬幣的上漲潛力超過比特幣，因為它是一個遙遠的黑馬。但在加密市場中，許多黑馬由於無法通過稀缺性或開發者生態系統的增長潛力來評估，最終被拋在了後面。這就是為什麼柴犬幣在可預見的未來可能會表現不佳於比特幣的原因。比特幣有明確的催化劑在前方，而柴犬幣可能會在競爭中迷失，難以跟上更有前景的 PoS 代幣如以太坊和 Solana。</p>
</div>

你是否應該放棄比特幣，轉而購買柴犬幣？