隨著年輕投資者偏好的轉變，比特幣 ETF IBIT 可能很快就會成為黃金 ETF GLD 的競爭對手

幾十年來，黃金一直是安全投資的首選。無論經濟狀況如何，投資者都依賴黃金作為最終的價值儲存手段。

Gold has long been the go-to choice for safe investing, whatever the condition of the economy. But the landscape is shifting.

無論經濟狀況如何，黃金長期以來一直是安全投資的首選。但情況正在改變。

Bitcoin (CRYPTO: BTC) may be facing off against gold, especially through Bitcoin-focused exchange-traded funds (ETFs). The competition has perhaps been best illustrated through the iShares Bitcoin Trust ETF (NYSE:IBIT).

比特幣（加密貨幣：BTC）可能會與黃金競爭，尤其是透過以比特幣為重點的交易所交易基金（ETF）。 iShares 比特幣信託 ETF（NYSE：IBIT）或許最好地說明了這種競爭。

Launched in January 2024, IBIT has grossed nearly $50 billion in assets under management (AUM) in under a year.

IBIT 於 2024 年 1 月推出，不到一年的時間管理資產 (AUM) 總額已接近 500 億美元。

This steep climb is not only remarkable, but unprecedented. The Bitcoin Investment Trust's asset management business has surpassed the established leaders in the market: BlackRock's iShares Gold Trust (NYSE:IAU) and the SPDR Gold Trust (NYSE:GLD), which is the largest gold ETF globally.

這種陡峭的攀登不僅是非凡的，而且是史無前例的。比特幣投資信託的資產管理業務已經超越了市場上的老牌領導者：貝萊德的iShares Gold Trust（NYSE：IAU）和全球最大的黃金ETF SPDR Gold Trust（NYSE： GLD）。

The milestone makes one thing clear: Bitcoin is no longer viewed as just another speculative bubble.

這一里程碑清楚地表明了一件事：比特幣不再被視為只是另一個投機泡沫。

Bitcoin's Rise Isn't Just About Numbers, It's About People

比特幣的崛起不僅與數字有關，也與人有關

But here's the thing: Bitcoin's rise isn't just about the numbers; it's about people — specifically, younger investors.

但事情是這樣的：比特幣的崛起不僅在於數量；還在於數量。這是關於人的——特別是年輕的投資者。

For millennials and Gen Z, Bitcoin embodies more than just an asset. It's about decentralization, innovation, and staying ahead in a tech-driven world. Gold, on the other hand? Many in these generations view it as old-school.

對於千禧世代和 Z 世代來說，比特幣不僅僅是一種資產。這是關於去中心化、創新以及在技術驅動的世界中保持領先地位。另一方面，黃金呢？這幾代人中的許多人認為它是老派的。

"Younger investors view Bitcoin as ‘digital gold,' a natural evolution of what gold represented for previous generations," Nate Geraci, president of The ETF Store, told Bloomberg. "The ease of trading Bitcoin ETFs and the high returns they've delivered have only solidified their appeal."

ETF Store 總裁 Nate Geraci 告訴彭博社：“年輕投資者將比特幣視為‘數位黃金’，是前幾代人所代表的黃金的自然演變。” “比特幣 ETF 交易的便利性和它們所帶來的高回報只會鞏固它們的吸引力。”

Bitcoin's Growing Utility As A Store Of Value

比特幣作為價值儲存手段的實用性不斷增長

Let's talk about why Bitcoin is pulling ahead. Unlike gold, Bitcoin has a finite supply of 21 million coins, which adds to its appeal as a store of value. And with ETFs like IBIT, Bitcoin has become accessible to both retail and institutional investors.

讓我們談談為什麼比特幣領先。與黃金不同，比特幣的供應量有限，為 2,100 萬枚，這增加了其作為價值儲存手段的吸引力。透過 IBIT 等 ETF，散戶和機構投資者都可以購買比特幣。

Compare that to gold. While it's a proven store of value, its physical nature poses challenges like storage and transportation. In a fast-paced, digital-first investment world, those can feel like big drawbacks.

將其與黃金進行比較。雖然它是一種經過驗證的價值儲存手段，但其物理性質帶來了儲存和運輸等挑戰。在快節奏、數位優先的投資世界中，這些可能會讓人感覺是很大的缺點。

Interestingly, the Bitcoin-to-gold ratio, which compares Bitcoin's value to an ounce of gold, hit an all-time high of 40 on Dec. 16.

有趣的是，比特幣與黃金的比率（將比特幣的價值與一盎司黃金進行比較）在 12 月 16 日創下了 40 的歷史新高。

This highlights Bitcoin's increasing price, which recently crossed $108,000, while gold remains around $2,650 per ounce. The ratio underscores Bitcoin's growing prominence as a financial asset and its capability to challenge gold's traditional role as a safe haven.

這突顯了比特幣價格的上漲，最近已突破 108,000 美元，而黃金仍保持在每盎司 2,650 美元左右。該比率突顯了比特幣作為金融資產的日益突出及其挑戰黃金作為避風港的傳統角色的能力。

The Ripple Effect On Gold ETFs

黃金 ETF 的漣漪效應

This isn't to say gold ETFs are losing their shine entirely. They're still a staple for many portfolios. But the numbers tell a story: Bitcoin-focused ETFs like IBIT and Fidelity's offering are starting to attract more net inflows than traditional gold funds.

這並不是說黃金ETF正在完全失去光芒。它們仍然是許多投資組合的主要內容。但這些數字說明了一個問題：IBIT 和 Fidelity 等以比特幣為重點的 ETF 開始吸引比傳統黃金基金更多的淨流入。

If the trend continues, analysts predict IBIT could soon rival — or even surpass — GLD in AUM. That would be a seismic shift in the hierarchy of safe-haven investments.

如果這種趨勢持續下去，分析師預測 IBIT 的資產管理規模很快就會與 GLD 相媲美，甚至超過。這將是避險投資層級結構的巨大轉變。

The Competition Is About More Than Just Returns

競爭不僅僅是回報

The competition between Bitcoin and gold ETFs marks a pivotal moment in investing. Gold's legacy ensures it'll remain relevant, but Bitcoin's rapid adoption shows that digital assets are becoming a cornerstone of modern portfolios.

比特幣和黃金ETF之間的競爭標誌著投資的關鍵時刻。黃金的遺產確保了它仍然具有相關性，但比特幣的快速採用表明數位資產正在成為現代投資組合的基石。

The approval of Bitcoin spot ETFs in 2024 has further signaled regulatory acceptance, setting the stage for future crypto products.

2024 年比特幣現貨 ETF 的批准進一步表明監管機構的接受，為未來的加密產品奠定了基礎。

"Younger investors want assets that align with their digital-first lifestyles," says Geraci. "As Bitcoin becomes more mainstream, its role as a safe-haven asset will only grow."

「年輕投資者希望資產符合他們的數位優先生活方式，」傑拉奇說。 “隨著比特幣變得更加主流，它作為避險資產的作用只會增強。”

For now, the rivalry between Bitcoin and gold is about more than just returns. It's a battle between tradition and innovation, one that's shaping the future of investing in real-time.

目前，比特幣和黃金之間的競爭不僅僅是回報。這是傳統與創新之間的戰鬥，這場戰鬥正在塑造即時投資的未來。