由於財務顧問不願處理與加密貨幣相關的請求，零售交易員坐視比特幣（BTC）週期的結束

過去幾個月，機構和大資金參與者將比特幣 (BTC) 價格推向新高，這並不奇怪。既然有這麼多的資金湧入，而且圖表也屢創新高，為什麼散戶交易者卻袖手旁觀呢？

Institutions and big money players have pushed Bitcoin (BTC) to new all-time highs over the last couple of months. But despite so much money flowing in and charts breaking new highs, retail traders are sitting this one out.

過去幾個月，機構和大資金參與者將比特幣（BTC）推至歷史新高。但儘管大量資金流入且圖表屢創新高，散戶交易員仍對此事件袖手旁觀。

There are several reasons for this. Financial advisors, who typically view traditional assets like stocks and commodities as more stable, are still reluctant to handle crypto-related requests from clients, even as demand is rising.

這有幾個原因。財務顧問通常認為股票和大宗商品等傳統資產更加穩定，但即使需求不斷上升，他們仍然不願意處理客戶與加密貨幣相關的請求。

“I’ve had clients ask me about Bitcoin, but I tell them I don’t handle crypto,” said Jim Crider, a certified financial planner based in Texas.

「有客戶問我有關比特幣的問題，但我告訴他們我不處理加密貨幣，」德州的註冊財務規劃師吉姆·克里德 (Jim Crider) 說。

Crider, who contrasts with his peers that believe Bitcoin is a worthless fad that will eventually go away, said he often recommends that his clients put a certain percentage of their portfolio in Bitcoin, especially considering how the major financial firm BlackRock, VanEck, and others helped the crypto asset reach new heights in 2024.

Crider 與認為比特幣是一種毫無價值、最終會消失的時尚的同行形成鮮明對比，他表示，他經常建議客戶將一定比例的投資組合投資於比特幣，特別是考慮到主要金融公司貝萊德(BlackRock)、VanEck 等公司的投資方式。

“I’ve had clients ask me about Bitcoin, but I tell them I don’t handle crypto,” said Crider, a certified financial planner based in Texas.

「有客戶問我有關比特幣的問題，但我告訴他們我不處理加密貨幣，」德州的註冊財務規劃師克里德說。

Crider, who contrasts with his peers that believe Bitcoin is a worthless fad that will eventually go away, said he often recommends that his clients put a certain percentage of their portfolio in Bitcoin, especially considering how the major financial firm BlackRock, VanEck, and others helped the crypto asset reach new heights in 2024.

Crider 與認為比特幣是一種毫無價值、最終會消失的時尚的同行形成鮮明對比，他表示，他經常建議客戶將一定比例的投資組合投資於比特幣，特別是考慮到主要金融公司貝萊德(BlackRock)、VanEck 等公司的投資方式。

But Crider’s approach is far from the norm among financial planners, as evident by the fact that they’re getting more crypto-related requests than ever, according to Jonathan Barrett of New Jersey-based Barrett Financial Advisors, in an interview with Decrypt.

但新澤西州 Barrett Financial Advisors 的 Jonathan Barrett 在接受 Decrypt 採訪時表示，Crider 的方法遠非財務規劃師的常態，事實證明，他們收到的加密貨幣相關請求比以往任何時候都多。

“We’re seeing more demand from clients who want to trade digital assets,” Barrett said, adding that it’s largely due to the mainstream adoption of decentralized digital assets.”

巴雷特表示：「我們看到想要交易數位資產的客戶的需求越來越多。」他補充說，這很大程度上是由於去中心化數位資產的主流採用。

Retail investors typically enter crypto cycles late, which suggests that the current cycle is still in its early stages, according to Noelle Acheson in her "Crypto Is Macro Now" newsletter.

艾奇遜 (Noelle Acheson) 在她的《加密貨幣現在是宏觀》時事通訊中表示，散戶投資者通常較晚進入加密貨幣週期，這表明當前週期仍處於早期階段。

People love memecoins

人們喜歡模因幣

While retail traders may not be putting their money into major cryptocurrencies, they do have a penchant for memecoins, which now have a market capitalization of over $61 billion.

雖然散戶交易者可能不會將資金投入主要加密貨幣，但他們確實對迷因幣情有獨鍾，目前模因幣的市值已超過 610 億美元。

Memecoin trading volume grew five-fold in 2024, driven by the ease with which anyone can create tokens using tools like pump.fun, which automates the process.

Memecoin 交易量在 2024 年增長了五倍，這是因為任何人都可以使用 Pump.fun 等工具輕鬆創建代幣，該工具可以實現流程自動化。

This accessibility sparked a speculative trading boom, giving rise to a niche sector: AI cults. We’re talking about AI memecoins like GOAT, ZEREBRO, and FARTCOIN.

這種可及性引發了投機交易熱潮，催生了一個利基產業：人工智慧崇拜。我們談論的是 GOAT、ZEREBRO 和 FARTCOIN 等 AI memecoin。

Yes, you read that correctly: AI memecoins, with a slight air of cultism, are becoming wildly popular. These projects are highly experimental, combining philosophical inquiries with the most absurd internet humor and culture—it’s a wild ride.

是的，你沒看錯：人工智慧迷因幣帶著一絲邪教氣息，正在變得非常流行。這些項目具有高度實驗性，將哲學探究與最荒謬的網路幽默和文化結合在一起——這是一趟瘋狂的旅程。

It started with Truth Terminal, an AI agent created by Andy Ay goatse is a very funny meme but more importantly it's a very powerful symbol of the long history of institutional and systemic collapse that we've seen in the West. Consider that in the '90s it was impossible to find on the internet; in the early 2000s it was a cult classic; by…

它始於真相終端，安迪艾山羊創建的人工智慧代理是一個非常有趣的迷因，但更重要的是，它是我們在西方看到的製度和系統崩潰的悠久歷史的一個非常有力的象徵。想想看，在 20 世紀 90 年代，在網路上找不到資訊是不可能的。在 2000 年代初期，它是一部邪典經典；經過…

Truth Terminal inspired a new memecoin called GOAT, which now has a market capitalization of $1 billion. Talk about insanity.

Truth Terminal 啟發了一種名為 GOAT 的新迷因幣，目前該幣的市值已達 10 億美元。談論瘋狂。