????優(yōu)勢(shì)方：比特幣。

????現(xiàn)在可以看出，在這場(chǎng)硬通貨的較量中很難判定誰是贏家。無論是黃金還是比特幣，它們的價(jià)值多數(shù)來自投機(jī)，即主要基于投資者對(duì)政治形勢(shì)發(fā)展的預(yù)測(cè)。而政治形勢(shì)比利潤更難預(yù)測(cè)，這就是為什么很多主流經(jīng)濟(jì)學(xué)家和理財(cái)咨詢師的建議是，個(gè)人財(cái)富中只要把一小部分放到黃金和比特幣這種另類投資中。

????當(dāng)然，這并不是說黃金和比特幣就沒有價(jià)值，只是它們的價(jià)值實(shí)在難以預(yù)測(cè)。比如，如果來一場(chǎng)成功的政治運(yùn)動(dòng)，恢復(fù)黃金在國際貨幣體系中的地位，那金價(jià)就可能飆升。這并不是什么瘋狂的念頭，因?yàn)槊涝獦?biāo)價(jià)的浮動(dòng)匯率已導(dǎo)致新興市場(chǎng)缺乏穩(wěn)定性，也導(dǎo)致全球貿(mào)易不平衡。比特幣也符合這一點(diǎn)。如果它能足夠普及，政府也能接受它，甚至將其納入自己的法律體系，那比特幣現(xiàn)在瞄準(zhǔn)的每個(gè)600美元的價(jià)格可能依然顯得很便宜。（財(cái)富中文網(wǎng)）

????譯者：清遠(yuǎn)

????Advantage: bitcoin

????As you can see, it's difficult to declare a clear winner in this hard-money rumble. Much of gold and bitcoin's value is speculative, based on investors' predictions about how political events are likely to unfold. And politics is even harder to predict than profits, which is why so many mainstream economists and financial advisors recommend that you keep only a very small portion of your wealth in alternative investments like gold and bitcoin.

????This, of course, isn't to say that gold and bitcoin are worthless; just that their worth is highly unpredictable. Gold, for instance, could soar in value if there is a successful political movement to restore its place in the global monetary system. This isn't an entirely crazy notion, as the dollar-denominated world of floating exchange rates has led to instability in emerging markets and imbalances in global trade. And the same goes for bitcoin. If it can become widespread enough such that governments accept it and even incorporate it into their legal frameworks, the $600 or so that bitcoin is going for now might seem cheap.

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