比特币（BTC）四年复合年增长率（CAGR）降至有史以来最低的率

在过去的一年中，BTC经历了重大的价格行动，尽管美国联邦储备（Fed）Hawkish，但仍设定了多个历史最高点（ATH）

Bitcoin (BTC) four-year compound annual growth rate (CAGR) has hit a record low of 14.5%. Despite the lackluster performance, the premier cryptocurrency has outpaced gold and stocks in terms of returns.

比特币（BTC）四年复合年增长率（CAGR）的创纪录低14.5％。尽管表现不足，但总理加密货币在回报方面已经超过了黄金和股票。

Bitcoin CAGR Drops To Lowest Rate Ever

比特币CAGR降至有史以来最低的速度

Over the past year, BTC has seen significant price action, setting multiple all-time highs (ATHs) despite the US Federal Reserve’s (Fed) hawkish stance, which included raising interest rates to curb inflation. Data from CoinGecko shows that BTC has surged 88% over the past year.

在过去的一年中，尽管美国美联储（美联储）鹰派的立场，BTC的价格行动很大，设定了多个历史最高点（ATH），其中包括提高利率来遏制通货膨胀。 Coingecko的数据表明，过去一年中，BTC飙升了88％。

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However, BTC’s four-year CAGR has now fallen to an all-time low of 14.5%, as illustrated in the following chart shared by market analyst Mark Harvey on X, which shows the cryptocurrency’s declining four-year CAGR.

但是，BTC的四年复合年增长率现在已降至历史最低的14.5％，如市场分析师Mark Harvey在X上共享的以下图表中所示，该图表显示了加密货币的四年复合年增长率。

For those unfamiliar, the four-year CAGR represents the average annual growth rate of an asset over four years, accounting for compounding effects. It helps assess long-term performance by smoothing out short-term fluctuations.

对于那些不熟悉的人来说，四年的复合年增长率代表了四年来资产的平均年增长率，这构成了复杂的影响。它通过平滑短期波动来帮助评估长期性能。

Harvey is optimistic, though, that BTC's CAGR will not stay at this low level for long. Responding to a comment on his post, he agreed that the cryptocurrency could soon make an explosive upward move.

但是，哈维乐观的是，BTC的复合年增长率不会长期保持这种低水平。在回应对他的帖子的评论时，他同意加密货币可能很快就会向上爆炸。

While BTC’s 14.5% four-year CAGR is its lowest on record, it still surpasses the returns of gold and stocks. According to data from Checkonchain, the four-year CAGR for gold, silver, the S&P 500, Nasdaq, and the US dollar has ranged between 4% and 13%.

BTC的14.5％四年复合年增长率是记录下最低的，但它仍然超过黄金和股票的回报。根据Chectonchain的数据，黄金，银，标准普尔500，纳斯达克的四年复合年增长率为4％至13％。

That said, BTC’s four-year CAGR pales in comparison to some of the other large-cap cryptocurrencies. For instance, Solana (SOL) offered a CAGR of 118%, while XRP gave 49%. Only Ethereum (ETH) was ranked below BTC with a CAGR of just about 8%.

也就是说，与其他一些大型加密货币相比，BTC的四年复合年增长率与之相比。例如，Solana（Sol）的复合年增长率为118％，而XRP的复合年增长率为49％。只有以太坊（ETH）的复合年增长率约为8％。

Is BTC On Track To Replace Gold?

BTC是否可以更换黄金？

At the time of writing, BTC commands a total market cap of slightly more than $1.9 trillion, while gold’s market cap is almost 10 times greater, at around $19 trillion. While there is still a lot of room to grow for BTC, experts opine that it won’t be long before the ‘digital gold’ starts chipping away at gold’s dominance.

在撰写本文时，BTC的总市值略高于1.9万亿美元，而黄金的市值近10倍，约为19万亿美元。尽管BTC仍然有很大的生长空间，但专家认为，不久之后，“数字黄金”就开始消除Gold的统治地位。

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In a recent client note, analysts at trading firm Bernstein predicted that BTC is on track to replace gold in as little as 10 years. The note stated that BTC is slated to assume gold’s role as a reliable safe-haven asset.

在最近的一份客户票据中，贸易公司伯恩斯坦的分析师预测，BTC可以在短短10年内取代黄金。该说明指出，BTC计划将黄金作为可靠的安全资产的作用。

As Bitcoin adoption grows, an increasing number of financial experts are envisioning a future where the cryptocurrency rivals gold. Recently, Matthew Sigel, Head of Digital Assets Research at VanEck, emphasized BTC’s potential to become a global monetary standard.

随着比特币采用的增长，越来越多的财务专家正在设想加密货币与黄金相媲美的未来。最近，Vaneck的数字资产研究负责人Matthew Sigel强调了BTC成为全球货币标准的潜力。

Most recently, veteran trader Peter Brandt highlighted BTC’s increasing strength against gold. At press time, BTC trades at $97,804, up 1.7% in the past 24 hours.

最近，经验丰富的商人彼得·布兰特（Peter Brandt）强调了BTC对黄金的实力不断提高。发稿时，BTC的交易价格为97,804美元，在过去24小时内增长了1.7％。