比特幣（BTC）和黃金在2025年分開

比特幣BTC/USD和黃金在2025年分開，在地緣政治緊張局勢上升的情況下，這兩個資產遵循了急劇不同的軌跡

Bitcoin BTC/USD and gold are going their separate ways in 2025, with the two assets following sharply different trajectories amid rising geopolitical tensions and shifting macroeconomic conditions.

比特幣BTC/USD和Gold在2025年以不同的方式行駛，在地緣政治緊張局勢上升並改變了宏觀經濟狀況的情況下，這兩個資產遵循急劇不同的軌跡。

What Happened: Gold has surged past $3,160/oz, driven by central bank accumulation, a pivot away from the U.S. dollar, and its enduring reputation as a safe-haven asset.

發生了什麼：在中央銀行的積累，遠離美元的樞紐及其作為避風港資產的持久聲譽的驅動下，黃金飆升了3,160美元/盎司的$ 3,160/盎司。

The metal's stability has become a magnet for investors amid ongoing global instability and fears of a slowdown.

由於持續的全球不穩定和對放緩的恐懼，金屬的穩定性已成為投資者的磁鐵。

Bitcoin, on the other hand, has faltered.

另一方面，比特幣已經步履蹣跚。

After briefly climbing above $80,000 earlier this year, it slipped to $77,000 in April, marking its lowest level of 2025 so far.

在今年早些時候短暫攀升至80,000美元之後，4月份下跌至77,000美元，標誌著到目前為止其2025年的最低水平。

The digital asset's struggle is largely tied to regulatory headwinds, lack of institutional support, and a persistent correlation with tech stocks, leaving it more exposed to market downturns.

數字資產的鬥爭在很大程度上與監管逆風，缺乏機構支持以及與技術股票的持續關聯有關，使其更容易受到市場低迷的影響。

Investors increasingly see gold as a stable inflation hedge, while Bitcoin remains categorized as high-risk and speculative, with 2023 volatility figures showing an annualized rate of 42%.

投資者越來越多地將黃金視為穩定的通貨膨脹對沖，而比特幣仍被歸類為高風險和投機性，2023個波動率數字顯示，年齡為42％。

See Also: Bitcoin Back Above $80,000: What Does Technical Analysis Say?

另請參閱：比特幣退回$ 80,000：技術分析怎麼說？

Why It Matters: Gold has decoupled from risk assets and continued its climb independently of stock market performance, thriving in periods of inflation and recession fears.

它的原因是：黃金已經與風險資產脫鉤，並繼續攀升，獨立於股票市場績效，在通貨膨脹和衰退期間的恐懼時期蓬勃發展。

In contrast, Bitcoin is still tied to broader market cycles, performing less well during risk-off phases and showing sensitivity to shifts in tech sentiment and macro data.

相比之下，比特幣仍然與更廣泛的市場週期相關，在冒險階段的表現不佳，並且對技術情感和宏觀數據的轉變表現出敏感性。

Earlier in April, Bitcoin funds saw outflows of $240 million, an indication of nervousness among large investors during uncertain times.

4月初，比特幣基金的流出量為2.4億美元，這表明大型投資者在不確定的時期表現出緊張感。

However, central banks have been upping their gold purchases, which contributes to the metal's resilience and mainstream presence, something Bitcoin hasn't yet fully achieved.

但是，中央銀行一直在增加購買黃金，這有助於金屬的韌性和主流狀態，這是比特幣尚未完全實現的。

What's Next: In an X post on Thursday, Peter Schiff took aim at the narrative of Bitcoin as "digital gold." He pointed out that 2025's chaotic macro environment should have been Bitcoin's moment to shine, but instead, gold is having its time in the limelight.

接下來是什麼：在周四的X帖子中，彼得·希夫（Peter Schiff）將比特幣的敘述視為“數字黃金”。他指出，2025年的混亂宏觀環境本來應該是比特幣的閃耀時刻，但相反，黃金的時間正處於眾人矚目的焦點。

Once derided as a "barbaric relic," gold is now surging as institutions are making a move, whereas Bitcoin is waiting on potential Fed rate cuts and market recovery.

一旦被嘲笑為“野蠻遺物”，當機構採取行動時，黃金現在正在飆升，而比特幣正在等待潛在的美食降低和市場回收。