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

Mike McGlone：山寨币和狗狗币像互联网泡沫一样模仿比特币

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.

彭博资讯 (Bloomberg Intelligence) 的迈克·麦格隆 (Mike McGlone) 将当前的山寨币市场与互联网泡沫进行了类比。他认为，就像那个时代出现的众多互联网公司一样，许多山寨币仅仅是比特币的模仿者，缺乏将其定义为首要数字资产的独特品质。

Dogecoin: Unlimited Supply vs. Bitcoin's Scarcity

狗狗币：无限供应与比特币稀缺性

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 以狗狗币为例，强调其市值 680 亿美元，但供应量无限。他将此与比特币的固定最大供应量 2100 万枚进行了对比，其中超过 1900 万枚已经被创建。麦格隆断言，这种区别使比特币成为黄金和白银等贵金属的数字对应物。

Market Turbulence Benefits Bitcoin

市场动荡有利于比特币

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 发表此番言论之际，比特币近期飙升，突破 101,000 美元。他指出，虽然许多山寨币表现出波动性，但比特币已经证明了其作为价值储存手段的稳定性。 Robert Kiyosaki 等专家预测，到 2025 年，这一数字可能会达到 175,000 美元至 250,000 美元。

Altcoins Lag Behind Bitcoin and Precious Metals

山寨币落后于比特币和贵金属

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.

麦格隆还强调，山寨币在竞争优势方面落后于比特币和贵金属。他将狗狗币和类似的代币称为“无限供应的加密货币”，强调它们无法匹配比特币的稀缺性主张。这种稀缺性使比特币与黄金和白银等其他商品并列。

Caution for Investors

投资者注意事项

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.

麦格隆的分析对于受投机性山寨币诱惑的投资者来说是一个警示。他对比特币基本面的强调表明，人们越来越认识到比特币在不断发展的数字资产格局中的主导地位。比特币的持续价格升值和既定的稀缺模型仍然是其在众多竞争对手中取得成功的关键因素。