Bitcoin Dominance Threatened by Inflated Crypto Market, Experts Warn

专家警告称，比特币的主导地位受到加密货币市场膨胀的威胁

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."

彭博资讯首席大宗商品策略师麦格隆对加密货币市场的风险提出了担忧。他强调了“240 万种所谓的加密货币”的激增，他称之为“比特币崇拜者”。

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 引用了狗狗币（一种市值 680 亿美元的加密货币）作为这些“崇拜者”的例子。他将其快速增长与互联网泡沫进行了比较，表明许多此类加密货币可能会遭遇类似的崩溃。

"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

“狗狗币是 240 万种所谓的#cryptocurrencies 之一，子孙后代回顾这些货币可能会类似于互联网泡沫。” - 麦格隆

Unlimited Supply Cryptos and the Dot-Com Bubble Analogy

无限供应加密货币和互联网泡沫类比

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 批评“无限供应的加密货币”，包括狗狗币和其他山寨币，因为与比特币相比，它们存在潜在的劣势，而比特币的供应上限为 2100 万个。他认为这些加密货币可能很难挑战比特币作为价值储存手段的地位。

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.

他对互联网泡沫的类比进一步强化了他的担忧。他相信，子孙后代将会以怀疑的态度看待大量的 meme 币和山寨币，就像 20 世纪 90 年代末互联网泡沫的破裂一样。

Dogecoin's Market Cap and Speculative Concerns

狗狗币的市值和投机担忧

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.

狗狗币最近的市值为 550 亿美元，与纽约梅隆银行 (BNY Mellon) 的市值相当。然而，麦格隆强调，纽约梅隆银行产生的是实际收益，与狗狗币不同，狗狗币纯粹是投机性的，没有内在价值。

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.

著名金融交易员彼得·勃兰特 (Peter Brandt) 也表达了麦格隆的担忧。他警告说，投机性数字资产给投资者带来了巨大风险，许多人利用过度杠杆来获取山寨币和模因币的短期收益。

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 预测，如果市场出现调整，比特币的价值可能会损失一半，山寨币的价值可能会损失高达 90%，而模因币可能会因为缺乏现实世界的实用性而完全消失。

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.

截至撰写本文时，比特币的交易价格为 102,000 美元，狗狗币的交易价格为 0.38 美元。加密货币总市值增长了 2%，达到 3.66 万亿美元。