随着年轻投资者偏好的转变，比特币 ETF IBIT 可能很快就会成为黄金 ETF GLD 的竞争对手

几十年来，黄金一直是安全投资的首选。无论经济状况如何，投资者都依赖黄金作为最终的价值储存手段。

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

无论经济状况如何，黄金长期以来一直是安全投资的首选。但情况正在发生变化。

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).

比特币（加密货币：BTC）可能会与黄金展开竞争，尤其是通过以比特币为重点的交易所交易基金（ETF）。 iShares 比特币信托 ETF（纽约证券交易所股票代码：IBIT）或许最能说明这种竞争。

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

IBIT 于 2024 年 1 月推出，不到一年的时间管理资产 (AUM) 总额已接近 500 亿美元。

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.

这种陡峭的攀登不仅是非凡的，而且是史无前例的。比特币投资信托的资产管理业务已经超越了市场上的老牌领导者：贝莱德的iShares Gold Trust（NYSE：IAU）和全球最大的黄金ETF SPDR Gold Trust（NYSE：GLD）。

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

这一里程碑清楚地表明了一件事：比特币不再被视为只是另一个投机泡沫。

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

比特币的崛起不仅仅与数字有关，还与人有关

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

但事情是这样的：比特币的崛起不仅仅在于数量；还在于数量。这是关于人的——特别是年轻的投资者。

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.

对于千禧一代和 Z 世代来说，比特币不仅仅是一种资产。这是关于去中心化、创新以及在技术驱动的世界中保持领先地位。另一方面，黄金呢？这几代人中的许多人认为它是老派的。

"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 总裁 Nate Geraci 告诉彭博社：“年轻投资者将比特币视为‘数字黄金’，是前几代人所代表的黄金的自然演变。” “比特币 ETF 交易的便捷性和它们带来的高回报只会巩固它们的吸引力。”

Bitcoin's Growing Utility As A Store Of Value

比特币作为价值储存手段的实用性不断增长

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.

让我们谈谈为什么比特币领先。与黄金不同，比特币的供应量有限，为 2100 万枚，这增加了其作为价值储存手段的吸引力。通过 IBIT 等 ETF，散户和机构投资者都可以购买比特币。

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.

将其与黄金进行比较。虽然它是一种经过验证的价值储存手段，但其物理性质带来了存储和运输等挑战。在快节奏、数字化优先的投资世界中，这些可能会让人感觉是很大的缺点。

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，比特币与黄金的比率（将比特币的价值与一盎司黄金进行比较）在 12 月 16 日创下了 40 的历史新高。

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.

这突显了比特币价格的上涨，最近已突破 108,000 美元，而黄金仍保持在每盎司 2,650 美元左右。该比率突显了比特币作为金融资产的日益突出及其挑战黄金作为避风港的传统角色的能力。

The Ripple Effect On Gold ETFs

黄金 ETF 的涟漪效应

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.

这并不是说黄金ETF正在完全失去光芒。它们仍然是许多投资组合的主要内容。但这些数字说明了一个问题：IBIT 和 Fidelity 等以比特币为重点的 ETF 开始吸引比传统黄金基金更多的净流入。

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.

如果这种趋势持续下去，分析师预测 IBIT 的资产管理规模很快就会与 GLD 相媲美，甚至超过。这将是避险投资层次结构的巨大转变。

The Competition Is About More Than Just Returns

竞争不仅仅是回报

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.

比特币和黄金ETF之间的竞争标志着投资的关键时刻。黄金的遗产确保了它仍然具有相关性，但比特币的快速采用表明数字资产正在成为现代投资组合的基石。

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

2024 年比特币现货 ETF 的批准进一步表明监管机构的接受，为未来的加密产品奠定了基础。

"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."

“年轻投资者希望资产符合他们数字优先的生活方式，”杰拉奇说。 “随着比特币变得更加主流，它作为避险资产的作用只会增强。”

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，比特币和黄金之间的竞争不仅仅是回报。这是传统与创新之间的一场战斗，这场战斗正在塑造实时投资的未来。