经济学家坚定认为比特币“只是另一个泡沫”

国际金融研究所前首席经济学家罗宾·布鲁克斯（Robin Brooks）坚持认为，尽管旗舰加密货币的价格大幅上涨，但比特币“只是另一种泡沫资产”。

Economist Robin Brooks remains unconvinced by Bitcoin's recent rally, calling it "just another bubble" driven by Federal Reserve rate cuts.

经济学家罗宾·布鲁克斯仍然对比特币最近的上涨不相信，称其“只是美联储降息推动的另一个泡沫”。

Despite Bitcoin shattering previous records, some economist are remaining skeptical. For instance, Robin Brooks, the former head economist of the Institute of International Finance, maintains her stance that Bitcoin is "just another bubble asset." The flagship cryptocurrency has enjoyed significant increases, but Brooks attributes them to something else entirely.

尽管比特币打破了之前的记录，但一些经济学家仍然持怀疑态度。例如，国际金融研究所前首席经济学家罗宾·布鲁克斯（Robin Brooks）坚持认为比特币“只是另一种泡沫资产”。旗舰加密货币大幅上涨，但布鲁克斯将其归因于其他原因。

The economic expert has downplayed the recent upswing, saying it was just the Federal Reserve's interest rate decrease in action.

这位经济专家淡化了最近的上涨，称这只是美联储降息的行动。

"Bitcoin is up 300% from last June, but it's still a bubble asset with zero income and diversification benefits. Maybe a good way to lose money, but not to store it," Brooks wrote in March 2023.

布鲁克斯在 2023 年 3 月写道：“比特币比去年 6 月上涨了 300%，但它仍然是一种泡沫资产，具有零收入和多元化收益。也许是赔钱的好方法，但不是储存资金的好方法。”

Economist Stands Firm on Bitcoin as 'Just Another Bubble'

经济学家坚定认为比特币“只是另一个泡沫”

Brooks' Bold Claims Stir Bitcoin Community

布鲁克斯的大胆主张搅动了比特币社区

Brooks' statement stirred the Bitcoin community, especially considering Bitcoin's almost record-breaking rally. After rising to $24,000 on Monday morning, the flagship crypto was up over 300% from last June.

布鲁克斯的声明震动了比特币社区，特别是考虑到比特币几乎破纪录的涨势。在周一上午上涨至 24,000 美元后，这款旗舰加密货币较去年 6 月上涨了 300% 以上。

The statement also drew attention due to Brooks' role in the past. Before joining the Institute of International Finance, she worked at the International Monetary Fund. Moreover, she is well-known in the crypto community for her varied viewpoints on digital assets.

由于布鲁克斯过去的角色，该声明也引起了人们的关注。在加入国际金融研究所之前，她曾在国际货币基金组织工作。此外，她因对数字资产的不同观点而在加密社区中闻名。

After fans noticed his statement from last year, they engaged in a fresh round of "I-told-you-soing." But Brooks continued to defend her statement, emphasizing that it was not a prediction about the cryptocurrency's price direction.

粉丝们注意到他去年的声明后，又开始了新一轮的“我告诉过你了”。但布鲁克斯继续为她的声明辩护，强调这不是对加密货币价格方向的预测。

"This statement was not about predicting the future price of Bitcoin. It was about highlighting the absurdity of valuing Bitcoin at 100x earnings for an asset with no earnings and zero diversification benefits," she wrote.

她写道：“这一声明并不是为了预测比特币的未来价格。而是为了强调，对于一种没有收益且多元化收益为零的资产，以 100 倍收益对比特币进行估值是荒谬的。”

A Continued Defense Amid Bitcoin's Surge

比特币飙升期间的持续防御

Brooks went on to explain that Bitcoin's recent rally was unsustainable and could be attributed to the ETF boom and the Federal Reserve's rate cuts. She added that the flagship crypto could continue to fall as the Fed begins raising rates again.

布鲁克斯接着解释说，比特币最近的上涨是不可持续的，可能归因于 ETF 的繁荣和美联储的降息。她补充说，随着美联储再次开始加息，旗舰加密货币可能会继续下跌。

"Bitcoin could easily halve again as the Fed starts hiking again. It's not a prediction, just an observation that the recent surge was driven by multiple ETF launches and the first rate cut since 2020," she wrote.

她写道：“随着美联储再次开始加息，比特币很容易再次减半。这不是预测，只是观察到最近的比特币飙升是由多个 ETF 的推出和 2020 年以来的首次降息推动的。”

In 2022, Bitcoin took a nosedive as the Federal Reserve began raising interest rates aggressively to curb inflation that was spiraling out of control. However, the central bank shifted gears in 2023 and started cutting rates again.

2022 年，随着美联储开始大幅加息以遏制失控的通胀，比特币暴跌。然而，央行在 2023 年转变态度，再次开始降息。

Moreover, the ProShares Bitcoin Strategy ETF (NYSE:BIT) began trading in March, marking the first ETF approval by the Securities and Exchange Commission. Several other Bitcoin ETFs were also launched later on.

此外，ProShares 比特币策略 ETF（纽约证券交易所股票代码：BIT）于 3 月份开始交易，这是美国证券交易委员会批准的第一只 ETF。随后还推出了其他几只比特币 ETF。

"The SEC finally approved a Bitcoin ETF in 2023, and the ProShares Bitcoin Strategy ETF (NYSE:BIT) began trading on March 20. Several other Bitcoin ETFs were also launched later in the year."

“美国证券交易委员会最终于 2023 年批准了比特币 ETF，ProShares 比特币策略 ETF（纽约证券交易所股票代码：BIT）于 3 月 20 日开始交易。其他几只比特币 ETF 也在今年晚些时候推出。”

According to U.Today, Bitcoin surged to a new record high in early 2024 thanks to the ETF boom. The Federal Reserve also dropped interest rates for the first time since 2020 in September, which helped risky assets like Bitcoin rise in price.

据《今日美国》报道，由于 ETF 的繁荣，比特币在 2024 年初飙升至历史新高。美联储还在9月份自2020年以来首次降息，这帮助比特币等风险资产价格上涨。