Mike McGlone: Altcoins and Dogecoin Mimic Bitcoin Like Dot-Com Bubble

Mike McGlone：山寨幣和狗狗幣像網路泡沫一樣模仿比特幣

Bloomberg Intelligence's Mike McGlone draws a parallel between the current altcoin market and the dot-com bubble. He argues that, like the numerous internet companies that emerged during that era, many altcoins are mere imitators of Bitcoin and lack the unique qualities that define it as a premier digital asset.

彭博資訊 (Bloomberg Intelligence) 的 Mike McGlone 將目前的山寨幣市場與網路泡棉進行了類比。他認為，就像那個時代出現的眾多網路公司一樣，許多山寨幣只是比特幣的模仿者，缺乏將其定義為首要數位資產的獨特品質。

Dogecoin: Unlimited Supply vs. Bitcoin's Scarcity

狗狗幣：無限供應與比特幣稀缺性

McGlone points to Dogecoin as an example, highlighting its $68 billion market capitalization but infinite supply. He contrasts this with Bitcoin's fixed maximum supply of 21 million coins, over 19 million of which have already been created. This distinction, McGlone asserts, establishes Bitcoin as a digital counterpart to precious metals like gold and silver.

McGlone 以狗狗幣為例，強調其市值 680 億美元，但供應量無限。他將此與比特幣的固定最大供應量 2,100 萬枚進行了對比，其中超過 1,900 萬枚已經被創建。麥格隆斷言，這種區別使比特幣成為黃金和白銀等貴金屬的數位對應。

Market Turbulence Benefits Bitcoin

市場動盪有利於比特幣

McGlone's comments come amid Bitcoin's recent surge, which saw it rise above $101,000. He notes that while many altcoins have shown volatility, Bitcoin has proven its stability as a store of value. Experts like Robert Kiyosaki predict it could reach between $175,000-$250,000 by 2025.

McGlone 發表此番言論之際，比特幣近期飆升，突破 101,000 美元。他指出，雖然許多山寨幣表現出波動性，但比特幣已經證明了其作為價值儲存手段的穩定性。 Robert Kiyosaki 等專家預測，到 2025 年，這一數字可能會達到 175,000 美元至 250,000 美元。

Altcoins Lag Behind Bitcoin and Precious Metals

山寨幣落後於比特幣和貴金屬

McGlone also emphasizes that altcoins lag behind Bitcoin and precious metals in terms of competitive advantage. He refers to Dogecoin and similar tokens as "unlimited supply cryptos," highlighting their inability to match Bitcoin's scarcity proposition. This scarcity places Bitcoin alongside other commodities like gold and silver.

麥格隆也強調，山寨幣在競爭優勢方面落後於比特幣和貴金屬。他將狗狗幣和類似的代幣稱為“無限供應的加密貨幣”，強調它們無法匹配比特幣的稀缺性主張。這種稀缺性使比特幣與黃金和白銀等其他商品並列。

Caution for Investors

投資者註意事項

McGlone's analysis serves as a cautionary tale for investors tempted by the allure of speculative altcoins. His emphasis on Bitcoin's fundamentals suggests a growing recognition of its dominance in the evolving digital asset landscape. Bitcoin's continued price appreciation and established scarcity model remain key factors contributing to its success amidst a sea of competitors.

麥格隆的分析對於受投機山寨幣誘惑的投資者來說是一個警示。他對比特幣基本面的強調表明，人們越來越認識到比特幣在不斷發展的數位資產格局中的主導地位。比特幣的持續價格升值和既定的稀缺模型仍然是其在眾多競爭對手中取得成功的關鍵因素。