Bitcoin Dominance Threatened by Inflated Crypto Market, Experts Warn

專家警告稱，比特幣的主導地位受到加密貨幣市場膨脹的威脅

McGlone, Bloomberg Intelligence's chief commodity strategist, raises concerns over the risks in the crypto market. He highlights the proliferation of "2.4 million so-called cryptocurrencies," which he dubs "Bitcoin wannabes."

彭博資訊首席大宗商品策略師麥格隆對加密貨幣市場的風險提出了擔憂。他強調了「240 萬種所謂的加密貨幣」的激增，他稱之為「比特幣崇拜者」。

McGlone cites Dogecoin, a $68 billion market cap cryptocurrency, as an example of these "wannabes." He compares its rapid growth to the dot-com bubble, suggesting that similar collapses could befall many of these cryptocurrencies.

McGlone 引用了狗狗幣（一種市值 680 億美元的加密貨幣）作為這些「崇拜者」的例子。他將其快速增長與網路泡沫進行了比較，表明許多此類加密貨幣可能會遭遇類似的崩潰。

"Dogecoin is one of the 2.4 million so-called #cryptocurrencies that future generations may look back upon akin to the dot-com bubble." - McGlone

「狗狗幣是 240 萬種所謂的#cryptocurrencies 之一，子孫後代回顧這些貨幣可能類似於網路泡沫。” - 麥格隆

Unlimited Supply Cryptos and the Dot-Com Bubble Analogy

無限供應加密貨幣和網路泡沫類比

McGlone criticizes "unlimited supply cryptos," including Dogecoin and other altcoins, for their potential disadvantages compared to Bitcoin, which has a capped supply of 21 million. He suggests that these cryptos may struggle to challenge Bitcoin as a store of value.

McGlone 批評“無限供應的加密貨幣”，包括狗狗幣和其他山寨幣，因為與比特幣相比，它們存在潛在的劣勢，而比特幣的供應上限為 2100 萬個。他認為這些加密貨幣可能很難挑戰比特幣作為價值儲存手段的地位。

His dot-com bubble analogy further reinforces his concerns. He believes that future generations will view the abundance of meme coins and altcoins with skepticism, similar to how the dot-com bubble burst in the late 1990s.

他對網路泡沫的類比進一步強化了他的擔憂。他相信，子孫後代將會以懷疑的態度看待大量的 meme 幣和山寨幣，就像 20 世紀 90 年代末網路泡沫的破裂一樣。

Dogecoin's Market Cap and Speculative Concerns

狗狗幣的市值和投機擔憂

Dogecoin's recent market capitalization of $55 billion has matched that of Bank of New York Mellon (BNY Mellon). However, McGlone emphasizes that BNY Mellon generates real earnings, unlike Dogecoin, which is purely speculative with no intrinsic value.

狗狗幣最近的市值為 550 億美元，與紐約梅隆銀行 (BNY Mellon) 的市值相當。然而，麥格隆強調，紐約梅隆銀行產生的是實際收益，與狗狗幣不同，狗狗幣純粹是投機性的，沒有內在價值。

Peter Brandt, a renowned financial trader, echoes McGlone's concerns. He warns that speculative digital assets pose significant risks to investors, with many employing excessive leverage for short-term gains in altcoins and meme coins.

著名金融交易員彼得·布蘭特 (Peter Brandt) 也表達了麥格隆的擔憂。他警告說，投機性數位資產給投資者帶來了巨大風險，許多人利用過度槓桿來獲取山寨幣和迷因幣的短期收益。

In the event of a market correction, Brandt predicts that Bitcoin could lose half its value, altcoins up to 90%, and meme coins could be wiped out entirely due to their lack of real-world utility.

Brandt 預測，如果市場出現調整，比特幣的價值可能會損失一半，山寨幣的價值可能會損失高達 90%，而迷因幣可能會因為缺乏現實世界的實用性而完全消失。

As of this writing, Bitcoin trades at $102,000 and Dogecoin at $0.38. The overall cryptocurrency market cap has increased by 2% to $3.66 Trillion.

截至撰寫本文時，比特幣的交易價格為 102,000 美元，狗狗幣的交易價格為 0.38 美元。加密貨幣總市值成長了 2%，達到 3.66 兆美元。