比特幣可能已經準備好抓住金色的皇冠

比特幣可能已經準備好搶購黃金的冠冕。 Blockstream首席執行官Adam Back表示，世界上最大的加密貨幣可能與黃金相媲美（CM：Xauusd）

Bitcoin (BTC) may be getting ready to snatch gold’s crown. Blockstream CEO Adam Back says the world’s largest cryptocurrency could rival gold (CM:XAUUSD) as a hedge against inflation and geopolitical uncertainty over the next decade. And despite Bitcoin’s recent dip from all-time highs, Back believes its scarcity and adoption curve give it the edge.

比特幣（BTC）可能已經準備好抓住金的冠冕。 Blockstream首席執行官Adam Back表示，世界上最大的加密貨幣可能與黃金（CM：Xauusd）相媲美，這是反對通貨膨脹和地緣政治不確定性的樹籬。儘管比特幣最近從有史以來的高點下降了，但Back認為它的稀缺性和採用曲線使它具有優勢。

Speaking at Paris Blockchain Week 2025, Back told

在巴黎區塊鏈第2025週講話時，

Cointelegraph

COINTELEGRAPH

that monetary instability is accelerating global Bitcoin adoption.

這種貨幣不穩定正在加速全球比特幣的採用。

“Bitcoin has the advantage of being like gold – it’s a scarce asset but also undergoing an adoption curve, and we’re seeing that in times of monetary instability, people are turning to Bitcoin.”

“比特幣具有像黃金一樣的優勢 - 這是一項稀缺的資產，但也經歷了採用曲線，我們看到在貨幣不穩定時期，人們正在轉向比特幣。”

He also pointed out that inflation, in his view, is nowhere near the 2% rate policymakers love to project.

他還指出，在他看來，通貨膨脹率遠不及2％的政策制定者喜歡投射。

“The inflation rate is probably 10% or 15% which is an investment return that is very hard to get with stocks or housing rentals. So I think people are looking at Bitcoin for that 10%-15% inflation hedge.”

“通貨膨脹率可能是10％或15％，這是一種投資回報，很難獲得股票或住房租金。因此，我認為人們正在為10％-15％的通貨膨脹對沖中的比特幣尋找比特幣。”

Experts Split on Bitcoin’s Inflation Hedge Status

專家分裂比特幣的通貨膨脹對沖狀況

Not everyone’s buying it. Ray Dalio, founder of Bridgewater Associates, thinks Bitcoin is still a speculative asset.

並非每個人都在買它。 Bridgewater Associates的創始人Ray Dalio認為比特幣仍然是投機性的資產。

“The reliability of crypto in terms of correlating with inflation? No, it doesn’t really. Not well,” Dalio said in a recent Investopedia interview. His go-to hedge is still gold, which he called the “third-largest reserve currency” behind the dollar and euro.

達利奧在最近的Investopedia採訪中說：“加密與通貨膨脹相關的可靠性嗎？他的首選樹籬仍然是黃金，他稱其為“第三大儲備貨幣”，僅次於美元和歐元。

And JPMorgan (JPM) analysts say the recent flight to gold proves the point. In a note, the bank argued that “the sharp rise in gold prices highlights a stronger investor appetite for traditional safe havens,

摩根大通（JPM）分析師說，最近飛往黃金的航班證明了這一點。該銀行在一份說明中辯稱：“黃金價格的急劇上漲凸顯了對傳統避風港的更強烈的投資者的需求，