比特幣（Crypto：BTC）的價值比有一天流通的所有實際黃金高嗎？

比特幣（Crypto：BTC）助推器有時將加密貨幣稱為數字黃金，因為其稀缺和供應有限。

Bitcoin (CRYPTO: BTC) boosters sometimes refer to the cryptocurrency as digital gold because of its scarcity and limited supply. But could it be worth more than all of the actual gold that's in circulation someday? It's a lot more likely than it sounds. It might even be inevitable. Here's what would need to occur for it to actually happen.

比特幣（Crypto：BTC）助推器有時將加密貨幣稱為數字黃金，因為其稀缺和供應有限。但是，這比有一天流通的所有實際黃金還要多嗎？聽起來比聽起來更有可能。甚至可能是不可避免的。這是實際發生的需要發生的事情。

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The math is the least important part of this equation

數學是該方程中最不重要的部分

For Bitcoin to flip gold, it would need to become much more valuable, but that's not as meaningful as it may seem. Today, Bitcoin's market cap is approaching $1.7 trillion. The total market cap of gold is close to $20.1 trillion based on recent prices. Therefore Bitcoin's price would need to rise by a bit more than 12.2 times where it is right now to have the same total value as gold. In other words, the price for each coin would need to be higher than $1 million to confirm that a flipping had occurred (Bitcoin now is valued at about $84,000 per coin).

為了使比特幣翻轉黃金，它需要變得更有價值，但這並不像看起來那樣有意義。如今，比特幣的市值接近1.7萬億美元。根據最近的價格，黃金的總市值接近20.1萬億美元。因此，比特幣的價格將需要上漲超過12.2倍，而現在擁有與黃金相同的總價值。換句話說，每枚硬幣的價格都必須高於100萬美元，以確認發生了翻轉（現在比特幣的價值約為每枚硬幣84,000美元）。

Bitcoin's value rose by about 1,460% during the past five years. Therefore the asset, at least in recent history, is more than capable of growing by the necessary amount to be worth more than gold. But the more important thing to recognize is that the drivers for that immense growth are still in play, which is why the flipping is actually a real possibility.

在過去的五年中，比特幣的價值上升了約1,460％。因此，至少在最近的歷史中，資產具有比黃金更多的價值增長的能力。但是，要認識到的更重要的是，巨大增長的驅動因素仍在發揮作用，這就是為什麼翻轉實際上是一種實際可能性的原因。

People buy and hold gold because it's expected to retain its value over time, even in harsh economic conditions, and even if phenomena like inflation erode the value of the fiat currencies that it can be sold for. That works because gold is scarce, as it requires significant investment of effort to mine and refine it. Another factor is that it's tradeable on deeply liquid global markets, so there is a very high probability of sellers finding a buyer even during economic turmoil. Another reason gold holds value is because gold is a necessary material for real-world applications like manufacturing cellphones.

人們購買和持有黃金是因為預計即使在惡劣的經濟條件下也會保留其價值，即使像通貨膨脹這樣的現象侵蝕了可以出售的法定貨幣的價值。之所以起作用，是因為黃金稀缺，因為它需要大量的努力來挖掘和完善它。另一個因素是它可以在深層液體全球市場上進行交易，因此，即使在經濟動盪期間，賣方也很可能找到買家。黃金之所以具有價值的另一個原因是，黃金是製造手機等現實世界應用的必要材料。

So it serves as a store of value, a medium of exchange, and as something with utility as well. But it isn't necessarily the easiest asset to hold or use from an investor's perspective.

因此，它可以用作價值存儲，交換媒介以及實用程序的東西。但這不一定是從投資者的角度持有或使用的最簡單資產。

Physical gold needs to be securely stored, and it's fairly awkward to liquidate when needed compared to a stock or cryptocurrency. Exchange-traded funds (ETFs) that grant investors exposure to gold charge annual fees. Claims to gold held in a bank's vault may not be easily tradeable, and they require a lot of trust in a third party.

實物黃金需要牢固存儲，與股票或加密貨幣相比，在需要時清算相當尷尬。交易所交易的基金（ETF），授予投資者接觸黃金費用年費。在銀行金庫中持有的黃金的主張可能不容易交易，他們需要對第三方進行很多信任。

Bitcoin doesn't suffer from those problems. Sure, it has other problems, such as its much higher volatility and its relatively limited utility value. But the main sources of its value, the difficulty of mining it and its inherent scarcity, clearly resonate with the world's investors, given the asset's meteoric rise since its launch in 2009.

比特幣不會遭受這些問題的困擾。當然，它還有其他問題，例如其更高的波動性和相對有限的公用事業價值。但是，鑑於自2009年推出以來，其價值的主要來源，挖掘礦山的困難和固有的稀缺性，顯然引起了世界投資者的共鳴。

And it's only going to become produced at lower and lower volumes over time.

隨著時間的流逝，它只會在較低和較低的體積中產生。

Will this actually happen?

這實際上會發生嗎？

For Bitcoin to flip gold's value, it'll need to continue being adopted and held by the world's financial institutions, governments, and investors.

為了使比特幣要翻轉黃金的價值，它將需要繼續被世界金融機構，政府和投資者採用和持有。

That means more governments will need to initiate and actually adopt policies like the planned U.S. Strategic Bitcoin Reserve, which is itself not yet implemented. Bitcoin will also need to continue deepening its links with the traditional financial sector via ongoing approvals of new ETFs holding it, as well as ETFs that hold it in addition to other cryptocurrencies. In practice, banks and other financial players will be the ones driving that shift.

這意味著更多的政府將需要啟動並實際採用計劃中的美國戰略比特幣儲備等政策，該保存比特幣儲備本身尚未實施。比特幣還需要通過對持有的新ETF以及其他加密貨幣之外的ETF進行持續的批准，還需要繼續加深與傳統金融部門的聯繫。實際上，銀行和其他財務參與者將是駕駛轉變的人。

Today, an estimated 106 million people hold the coin, so there's plenty of adults in the world it could attract during the coming years, meaning that there's a lot of additional capital that could flow in. As buying Bitcoin becomes even more accessible to investors than it has been, more and more will want to get a little bit of exposure to it. And, if the price continues rising over time, as it has throughout its life so far, that will be powerful advertising that entices more people to buy and hold it forever.

如今，估計有1.06億人擁有硬幣，因此在接下來的幾年中，世界上可能會吸引很多成年人，這意味著可能會流入很多額外的資金。隨著購買比特幣的投資者比投資者更容易獲得，越來越多的意願希望獲得一點曝光。而且，如果價格隨著時間的流逝而持續上漲，那麼到目前為止的一生中，這將是有力的廣告，可以誘使更多的人永遠購買和持有它。

So could Bitcoin become a bigger asset than gold someday? Yes, it could, but there's not much point in putting a timeline on it. The best move is to slowly build up a position and retain it, and then you will get the benefit of its growth over the long term even if it takes years to flip gold.

那麼，比特幣有一天能比黃金更大嗎？是的，它可以，但是在上面放置時間表沒有太多意義。最好的舉動是慢慢建立一個職位並保留它，然後即使花費數年的時間翻轉黃金，您也將從長遠來看。

Don’t miss this second chance at a potentially lucrative opportunity

不要錯過潛在利潤的機會的第二次機會

Ever feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this.

曾經覺得您錯過了購買最成功的股票的船嗎？然後，您將需要聽到這個消息。

On rare occasions, our expert team of analysts issues a “Double Down”

在極少數情況下，我們的分析師專家團隊發出了“雙重降低”