购买比特币比购买实物黄金更容易，更快

尽管可以以珠宝，金条和硬币的形式获得实物黄金，但许多行业高管仍关心其质量，销售时的流动性以及以高于现货价格的高价购买的方面。

As gold prices continue to rise, many members of the Bitcoin community are looking for ways to gain exposure to the precious metal. However, they've also been met with some hurdles along the way.

随着黄金价格继续上涨，比特币社区的许多成员正在寻找获得贵金属的方法。但是，一路上也遇到了一些障碍。

While physical gold is accessible in the form of jewelry, gold bars and coins, many industry executives have expressed concerns over aspects like its quality, liquidity when selling and buying at a premium above spot prices.

尽管可以以珠宝，黄金条和硬币的形式获得实物黄金，但许多行业高管对其质量，以高于现货价格的高价销售和购买时的质量，流动性等方面表示担忧。

On the other hand, gold advocates maintain that the precious metal is much easier to buy than Bitcoin, considering the complexities of storing private keys and a steep learning curve for new crypto investors.

另一方面，黄金拥护者认为，考虑到新的加密投资者的私人钥匙和陡峭的学习曲线，贵金属比比特币更容易购买。

Both Bitcoin and gold are available in the form of tokenized assets, exchange-traded funds and other equity instruments, but the question of owning these assets in the physical form exposes some differences.

比特币和黄金都以令牌化资产，交换资金和其他权益工具的形式获得，但是以物理形式拥有这些资产的问题揭示了一些差异。

Community: Buying Bitcoin is easier and faster

社区：购买比特币更容易，更快

"Buying Bitcoin is significantly easier and faster than buying physical gold," said Ross Shemeliak, co-founder of the tokenization platform Stobox.

“购买比特币要比购买实物黄金要容易得多，更快。”

Highlighting Bitcoin’s instant and 24/7 availability and no need for vaults, Shemeliak noted that gold is associated with additional costs like transportation, storage, verification and resale.

Shemeliak突出了比特币的瞬间和24/7的可用性，不需要保险库，指出黄金与运输，存储，验证和转售等额外成本有关。

Agreeing that buying physical gold is subject to many challenges and additional costs, Adam Lowe, chief of product at the self-custody firm CompoSecure, said that investors have to rely on the reputation of dealers and the supply chain when buying physical gold.

同意购买实物黄金会受到许多挑战和额外成本的约束，自我客户公司合成公司的产品负责人亚当·洛（Adam Lowe）表示，投资者在购买实物黄金时必须依靠经销商的声誉和供应链。

"The first is maintaining quality, assuring the purity is accurate," Lowe said.

Lowe说：“首先是保持质量，确保纯度准确。”

"Selling liquidity is also an issue as you have to find a buyer and will most likely pay a discount relative to the market price per ounce," he continued, adding that self-custodied Bitcoin has none of these issues.

他继续说：“出售流动性也是一个问题，因为您必须找到买家，并且很可能会相对于每盎司的市场价格支付折扣。”

Apart from limited liquidity, retail investors in physical gold face widened spreads, Shemeliak said, as they often have to buy at a premium above the market price of gold.

Shemeliak说，除了有限的流动性外，散户金色的散户面临扩大的差异，因为他们通常必须以高于黄金市场价格的溢价购买。

Gold advocate: Bitcoin self-custody is not easy

黄金倡导者：比特币自我顾客并不容易

Unlike crypto investors, traditional finance investors and analysts are not so excited about self-custody opportunities offered by Bitcoin.

与加密投资者不同，传统的财务投资者和分析师对比特币提供的自我顾客机会并不那么兴奋。

"Bitcoin could be very easy to buy if you have everything set up already, but if you don’t, it’s very difficult," said Rafi Farber, publisher of the gold-focused marketplace service End Game Investor.

“如果您已经设置了所有东西，那么比特币很容易购买，但是如果不设置，这是非常困难的，”以黄金市场服务最终游戏投资者的出版商Rafi Farber说。

Referring to challenges for investors around Bitcoin self-custody, which requires holding a private key or risk losing access to the coins entirely, Farber highlighted that to use a self-custodial wallet, users have to "remember a string of random words or copy it down and put it in a safe, then copy and paste a gibberish code."

Farber指的是比特币自我顾客周围的投资者的挑战，该挑战需要持有私钥或完全失去对硬币的访问权的风险，强调了要使用自我抑制的钱包，用户必须“记住一连串的随机单词或将其复制并放在保险箱中，然后将其放入保险箱，然后将其复制并粘贴Gibberish代码。”

"And if you lose any of the codes or the power goes out for whatever reason you’re screwed," he added.

他补充说：“如果您丢失任何代码或出于拧紧的原因而熄灭的电源。”

Farber’s concerns over the challenges of self-custody are not without reason. Trezor, one of the most prominent self-custody wallet providers, admits that usability remains one of the key issues faced by self-custodial wallets.

Farber对自我顾客挑战的担忧并非没有理由。特雷佐尔（Trezor）是最杰出的自我顾客钱包供应商之一，他承认可用性仍然是自我监护钱包所面临的关键问题之一。

While some have tried to offer simplified self-custody options, others insist that holding a private key is the only way to actually own a cryptocurrency, which requires onboarding and a learning curve — but doesn’t come without its own costs, too.

虽然有些人试图提供简化的自我定位选项，但另一些人坚持认为，持有私钥是真正拥有加密货币的唯一方法，这需要登机和学习曲线，但也不是没有自己的成本。

Is Bitcoin a direct competitor to gold?

比特币是黄金的直接竞争对手吗？

On the other hand, physical gold is "very easy to buy," Farber said, suggesting options like coins or jewelry shops.

Farber说，另一方面，实物黄金“非常容易购买”，建议诸如硬币或珠宝店之类的选择。

"Yes, buying a gold coin at a jewelry or coin shop is easy — but that doesn't mean you’ve made a sound investment," Stobox's Shemeliak countered:

“是的，在珠宝或硬币店购买黄金硬币很容易 - 但这并不意味着您进行了良好的投资，” Stobox的Shemeliak反驳说：

"In contrast, digital assets like Bitcoin or tokenized gold offer transparency, liquidity and verifiability," he added.

他补充说：“相比之下，比特币或代币化黄金等数字资产提供透明度，流动性和可验证性。”

Shemeliak doesn't see Bitcoin and gold as direct competitors either.

Shemeliak也不将比特币和黄金视为直接竞争对手。

"Gold will always have historical value — but Bitcoin is building financial infrastructure for the next 100 years," he stated.

他说：“黄金将始终具有历史价值 - 但比特币将在未来100年内建立金融基础设施。”

At the time of publication, the price of spot gold stood at $3,327, up nearly 27% year-to-date (YTD) as it continues breaking new highs, according to TradingView.

根据TradingView的数据，在出版时，现货黄金的价格为3,327美元，逐年增长了近27％（YTD），因为它继续打破新的高点。

The picture is less appealing for Bitcoin, which reached new highs around $110,000 in December 2024. Bitcoin is down 10% YTD, trading at $84,525 at publication, according to CoinGecko.

这张图片对比特币的吸引力较小，比特币在2024年12月达到110,000美元的新高点。根据Coingecko的说法，比特币下跌了10％YTD，交易价格为84,525美元。