比特币（BTC）和黄金在2025年分开

比特币BTC/USD和黄金在2025年分开，在地缘政治紧张局势上升的情况下，这两个资产遵循了急剧不同的轨迹

Bitcoin BTC/USD and gold are going their separate ways in 2025, with the two assets following sharply different trajectories amid rising geopolitical tensions and shifting macroeconomic conditions.

比特币BTC/USD和Gold在2025年以不同的方式行驶，在地缘政治紧张局势上升并改变了宏观经济状况的情况下，这两个资产遵循急剧不同的轨迹。

What Happened: Gold has surged past $3,160/oz, driven by central bank accumulation, a pivot away from the U.S. dollar, and its enduring reputation as a safe-haven asset.

发生了什么：在中央银行的积累，远离美元的枢纽及其作为避风港资产的持久声誉的驱动下，黄金飙升了3,160美元/盎司的$ 3,160/盎司。

The metal's stability has become a magnet for investors amid ongoing global instability and fears of a slowdown.

由于持续的全球不稳定和对放缓的恐惧，金属的稳定性已成为投资者的磁铁。

Bitcoin, on the other hand, has faltered.

另一方面，比特币已经步履蹒跚。

After briefly climbing above $80,000 earlier this year, it slipped to $77,000 in April, marking its lowest level of 2025 so far.

在今年早些时候短暂攀升至80,000美元之后，4月份下跌至77,000美元，标志着到目前为止其2025年的最低水平。

The digital asset's struggle is largely tied to regulatory headwinds, lack of institutional support, and a persistent correlation with tech stocks, leaving it more exposed to market downturns.

数字资产的斗争在很大程度上与监管逆风，缺乏机构支持以及与技术股票的持续关联有关，使其更容易受到市场低迷的影响。

Investors increasingly see gold as a stable inflation hedge, while Bitcoin remains categorized as high-risk and speculative, with 2023 volatility figures showing an annualized rate of 42%.

投资者越来越多地将黄金视为稳定的通货膨胀对冲，而比特币仍被归类为高风险和投机性，2023个波动率数字显示，年龄为42％。

See Also: Bitcoin Back Above $80,000: What Does Technical Analysis Say?

另请参阅：比特币退回$ 80,000：技术分析怎么说？

Why It Matters: Gold has decoupled from risk assets and continued its climb independently of stock market performance, thriving in periods of inflation and recession fears.

它的原因是：黄金已经与风险资产脱钩，并继续攀升，独立于股票市场绩效，在通货膨胀和衰退期间的恐惧时期蓬勃发展。

In contrast, Bitcoin is still tied to broader market cycles, performing less well during risk-off phases and showing sensitivity to shifts in tech sentiment and macro data.

相比之下，比特币仍然与更广泛的市场周期相关，在冒险阶段的表现不佳，并且对技术情感和宏观数据的转变表现出敏感性。

Earlier in April, Bitcoin funds saw outflows of $240 million, an indication of nervousness among large investors during uncertain times.

4月初，比特币基金的流出量为2.4亿美元，这表明大型投资者在不确定的时期表现出紧张感。

However, central banks have been upping their gold purchases, which contributes to the metal's resilience and mainstream presence, something Bitcoin hasn't yet fully achieved.

但是，中央银行一直在增加购买黄金，这有助于金属的韧性和主流状态，这是比特币尚未完全实现的。

What's Next: In an X post on Thursday, Peter Schiff took aim at the narrative of Bitcoin as "digital gold." He pointed out that 2025's chaotic macro environment should have been Bitcoin's moment to shine, but instead, gold is having its time in the limelight.

接下来是什么：在周四的X帖子中，彼得·希夫（Peter Schiff）将比特币的叙述视为“数字黄金”。他指出，2025年的混乱宏观环境本来应该是比特币的闪耀时刻，但相反，黄金的时间正处于众人瞩目的焦点。

Once derided as a "barbaric relic," gold is now surging as institutions are making a move, whereas Bitcoin is waiting on potential Fed rate cuts and market recovery.

一旦被嘲笑为“野蛮遗物”，当机构采取行动时，黄金现在正在飙升，而比特币正在等待潜在的美食降低和市场回收。