比特幣（BTC）四年復合年增長率（CAGR）降至有史以來最低的率

在過去的一年中，BTC經歷了重大的價格行動，儘管美國聯邦儲備（Fed）Hawkish，但仍設定了多個歷史最高點（ATH）

Bitcoin (BTC) four-year compound annual growth rate (CAGR) has hit a record low of 14.5%. Despite the lackluster performance, the premier cryptocurrency has outpaced gold and stocks in terms of returns.

比特幣（BTC）四年復合年增長率（CAGR）的創紀錄低14.5％。儘管表現不足，但總理加密貨幣在回報方面已經超過了黃金和股票。

Bitcoin CAGR Drops To Lowest Rate Ever

比特幣CAGR降至有史以來最低的速度

Over the past year, BTC has seen significant price action, setting multiple all-time highs (ATHs) despite the US Federal Reserve’s (Fed) hawkish stance, which included raising interest rates to curb inflation. Data from CoinGecko shows that BTC has surged 88% over the past year.

在過去的一年中，儘管美國美聯儲（美聯儲）鷹派的立場，BTC的價格行動很大，設定了多個歷史最高點（ATH），其中包括提高利率來遏制通貨膨脹。 Coingecko的數據表明，過去一年中，BTC飆升了88％。

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However, BTC’s four-year CAGR has now fallen to an all-time low of 14.5%, as illustrated in the following chart shared by market analyst Mark Harvey on X, which shows the cryptocurrency’s declining four-year CAGR.

但是，BTC的四年復合年增長率現在已降至歷史最低的14.5％，如市場分析師Mark Harvey在X上共享的以下圖表中所示，該圖表顯示了加密貨幣的四年復合年增長率。

For those unfamiliar, the four-year CAGR represents the average annual growth rate of an asset over four years, accounting for compounding effects. It helps assess long-term performance by smoothing out short-term fluctuations.

對於那些不熟悉的人來說，四年的複合年增長率代表了四年來資產的平均年增長率，這構成了複雜的影響。它通過平滑短期波動來幫助評估長期性能。

Harvey is optimistic, though, that BTC's CAGR will not stay at this low level for long. Responding to a comment on his post, he agreed that the cryptocurrency could soon make an explosive upward move.

但是，哈維樂觀的是，BTC的複合年增長率不會長期保持這種低水平。在回應對他的帖子的評論時，他同意加密貨幣可能很快就會向上爆炸。

While BTC’s 14.5% four-year CAGR is its lowest on record, it still surpasses the returns of gold and stocks. According to data from Checkonchain, the four-year CAGR for gold, silver, the S&P 500, Nasdaq, and the US dollar has ranged between 4% and 13%.

BTC的14.5％四年復合年增長率是記錄下最低的，但它仍然超過黃金和股票的回報。根據Chectonchain的數據，黃金，銀，標準普爾500，納斯達克的四年復合年增長率為4％至13％。

That said, BTC’s four-year CAGR pales in comparison to some of the other large-cap cryptocurrencies. For instance, Solana (SOL) offered a CAGR of 118%, while XRP gave 49%. Only Ethereum (ETH) was ranked below BTC with a CAGR of just about 8%.

也就是說，與其他一些大型加密貨幣相比，BTC的四年復合年增長率與之相比。例如，Solana（Sol）的複合年增長率為118％，而XRP的複合年增長率為49％。只有以太坊（ETH）的複合年增長率約為8％。

Is BTC On Track To Replace Gold?

BTC是否可以更換黃金？

At the time of writing, BTC commands a total market cap of slightly more than $1.9 trillion, while gold’s market cap is almost 10 times greater, at around $19 trillion. While there is still a lot of room to grow for BTC, experts opine that it won’t be long before the ‘digital gold’ starts chipping away at gold’s dominance.

在撰寫本文時，BTC的總市值略高於1.9萬億美元，而黃金的市值近10倍，約為19萬億美元。儘管BTC仍然有很大的生長空間，但專家認為，不久之後，“數字黃金”就開始消除Gold的統治地位。

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In a recent client note, analysts at trading firm Bernstein predicted that BTC is on track to replace gold in as little as 10 years. The note stated that BTC is slated to assume gold’s role as a reliable safe-haven asset.

在最近的一份客戶票據中，貿易公司伯恩斯坦的分析師預測，BTC可以在短短10年內取代黃金。該說明指出，BTC計劃將黃金作為可靠的安全資產的作用。

As Bitcoin adoption grows, an increasing number of financial experts are envisioning a future where the cryptocurrency rivals gold. Recently, Matthew Sigel, Head of Digital Assets Research at VanEck, emphasized BTC’s potential to become a global monetary standard.

隨著比特幣採用的增長，越來越多的財務專家正在設想加密貨幣與黃金相媲美的未來。最近，Vaneck的數字資產研究負責人Matthew Sigel強調了BTC成為全球貨幣標準的潛力。

Most recently, veteran trader Peter Brandt highlighted BTC’s increasing strength against gold. At press time, BTC trades at $97,804, up 1.7% in the past 24 hours.

最近，經驗豐富的商人彼得·布蘭特（Peter Brandt）強調了BTC對黃金的實力不斷提高。發稿時，BTC的交易價格為97,804美元，在過去24小時內增長了1.7％。