# Сопутствующие статьи по теме Gold

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Gold", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

Conversation with VanEck CEO: Memory Chip Stocks Are a Bubble, Bitcoin Will Stay but Token Ecosystems Will Disappear

In this podcast, VanEck CEO Jan van Eck discusses his investment outlook centered on three key long-term ("10-year macro") themes: AI-driven compute demand, India's economic rise, and excessive government debt in developed nations. Regarding AI and semiconductors, van Eck believes Nvidia has transformed into a foundational "host" for AI infrastructure, possessing deep moats in software, scale, and power efficiency, making it a core holding. However, he views the recent surge in memory chip stocks as a bubble driven by temporary supply-demand imbalances and pricing power, lacking Nvidia's competitive durability. On asset management, he emphasizes that while ETFs are scale-driven tools, the decisions on which ETFs to own and how to allocate remain highly active. He expresses greatest concern over fixed-income market illiquidity and the risk of a loss of confidence in government debt sustainability. Van Eck is bullish on gold's long-term role as a global monetary alternative and highlights the dramatic policy-driven growth in nuclear energy investment. He is strongly positive on India due to its demographic trends and pro-business reforms. Discussing crypto, he labels 2026 the "year of the corporate-controlled chain," where traditional finance adopts blockchain's best features (like 24/7 operation and programmability) but retains control. He predicts a permanent "crypto winter" for many projects, with only Bitcoin, stablecoins, and the core blockchain concept surviving long-term. He sees the U.S. stablecoin bill as marginally impactful, enabling tech firms to compete with, but not replace, banks. Finally, he views the upcoming SpaceX IPO as a significant, positive liquidity event for markets and advises investors to maintain a long-term, macro perspective when making asset allocation decisions.

marsbit05/28 09:01

Conversation with VanEck CEO: Memory Chip Stocks Are a Bubble, Bitcoin Will Stay but Token Ecosystems Will Disappear

marsbit05/28 09:01

Hash Global Founder: Why I Also Chose to Liquidate All My ETH?

Title: Hash Global Founder Explains Why He Sold All His ETH The author (Hash Global founder) has liquidated his entire ETH holdings, despite acknowledging that the potential U.S. CLARITY Act (clarifying ETH as a decentralized digital commodity) is a significant regulatory positive. His core argument is that this regulatory clarity should not be conflated with granting ETH a "monetary premium" akin to Bitcoin (BTC) or gold. He disputes the thesis that ETH's valuation framework should shift from network revenue to a monetary/store-of-value logic. The market continues to value ETH based on concrete metrics like network fees, DeFi activity, staking yield, and ecosystem competition—essentially as a productive infrastructure/platform asset. BTC's narrative as "digital gold" is simpler and more suited for monetary premium. The author identifies several key reservations: 1) Legal classification solves compliance for institutions but doesn't automatically create long-term store-of-value demand. 2) ETH's "yield-bearing" advantage over BTC/gold may diminish as DeFi and Real-World Assets (RWA) tokenize traditional assets like gold and treasuries, which can also generate yield on-chain. 3) Future monetary premium will likely remain with BTC, physical gold, and potentially tokenized gold, while ETH serves as the core settlement infrastructure for these assets. 4) Ethereum's value-capture mechanism remains unresolved, especially with Layer-2 scaling; ecosystem growth does not guarantee proportional value accrual to ETH. 5) Institutions using Ethereum for applications (e.g., stablecoins, RWA) does not necessitate them holding ETH as a core asset. In conclusion, CLARITY is a positive that reduces ETH's "regulatory discount," but it does not transform ETH into a monetary asset like gold. ETH is a critically important financial infrastructure asset whose valuation should be based on network fundamentals, usage, and value flow, not an assumed monetary premium.

链捕手05/28 06:53

Hash Global Founder: Why I Also Chose to Liquidate All My ETH?

链捕手05/28 06:53

Gold, Fiat, or Bitcoin: Which Will Dominate Global Finance in 10 Years?

In an increasingly multipolar world moving away from the post-1991 unipolar era dominated by the US dollar, the global monetary system is shifting towards multipolarity. Gold remains a key non-sovereign store of value due to its size, liquidity, and immunity from devaluation or seizure. Diversification into multiple fiat currencies is a practical but inefficient option. Bitcoin presents a novel, decentralized, and fast-settling digital ledger, though its widespread adoption faces challenges of security, network effects, and volatility. Its success depends on whether individuals value financial sovereignty enough to overcome adoption barriers. By 2036, gold and major fiat currencies will likely remain significant, but Bitcoin has the potential to rival their scale if it maintains security and gains broader acceptance for its unique attributes of self-custody and permissionless transactions.

marsbit05/28 04:55

Gold, Fiat, or Bitcoin: Which Will Dominate Global Finance in 10 Years?

marsbit05/28 04:55

a16z: 7 Charts to Understand How Tokenization is Changing the Nature of Assets

"a16z: 7 Charts on How Tokenization is Changing the Nature of Assets" Tokenized Assets (or Real-World Assets - RWA) are transforming asset forms, liquidity, and financial system construction. The market recently surpassed $30 billion, stabilizing around $34 billion (excluding stablecoins), representing a tenfold increase in less than two years, driven by clearer regulations, mature institutional infrastructure, and increased financial institution adoption. The primary driver of recent growth is tokenized U.S. Treasury bonds. These offer investors efficient, flexible digital access to yield-bearing assets and improve institutional operations like settlement and collateral management. Other asset classes show varied growth: asset-backed credit leads, followed by niche financial assets (e.g., reinsurance, mining notes), while venture capital took longer to scale. Market segmentation shows high concentration. In commodities, tokenized gold dominates (~$5 billion), as its standardized, storable nature fits tokenization well. Bonds are the largest category ($15.2B), but only ~5% are used in DeFi protocols. Conversely, smaller niches like reinsurance tokens see high (~84%) on-chain utilization, highlighting a core industry divide: most current tokenized assets are merely digitized records for easier holding/transfer, lacking the "composability" (free combination/interaction) that is key to blockchain-native finance. The ecosystem is distributed across multiple blockchains, with Ethereum hosting over half the value ($15.7B), followed by BNB Chain, Solana, and others. Future market size predictions vary widely (e.g., $2-$30 trillion by 2030+), but all indicate massive potential from the current small base. Tokenized assets currently represent minuscule fractions of their global counterparts (e.g., 0.01% of global bonds). The current phase focuses on digitizing straightforward assets. The next challenge is to bring more complex financial components on-chain and deeply integrate tokenized assets into composable, internet-native financial infrastructure.

链捕手05/24 06:25

a16z: 7 Charts to Understand How Tokenization is Changing the Nature of Assets

链捕手05/24 06:25

a16z: How Tokenization is Transforming the Nature of Assets in 7 Charts

"Tokenized Assets: How Tokenization Changes the Nature of Assets" by a16z Crypto The market for tokenized assets, excluding stablecoins, has grown from under $3 billion two years ago to over $340 billion today. US Treasury bonds are the primary growth driver, allowing investors to hold yield-bearing assets digitally and enabling more efficient settlement. Other key sectors include private credit (growing fastest), commodities (dominated by gold), and niche financial assets. However, the market remains concentrated in tokenized US Treasuries and gold. A critical insight is that most tokenized assets currently lack "composability." While the total market is large, only a small fraction is actively used within DeFi protocols. For instance, only about 5% of tokenized bonds and a low percentage of tokenized gold are utilized on-chain. In contrast, assets like reinsurance and private credit tokens show much higher on-chain usage rates (84% and 33%, respectively). This highlights a divide: many tokenized assets are merely digital records on a blockchain without enabling new, programmable financial applications. The Pantera Capital Token Native Index indicates over 70% of tokenized assets have minimal on-chain native functionality. Ethereum remains the dominant blockchain for tokenized assets (over $150B), but the ecosystem is diversifying across chains like BNB Chain, Solana, and Stellar, based on factors like cost and compliance. Major institutions forecast massive future growth, with predictions for the tokenized asset market ranging from $2 trillion to over $30 trillion by the early 2030s. However, compared to the global financial system (e.g., ~$140T bonds, multi-trillion dollar gold market), tokenized assets currently represent a tiny fraction (0.01% or less). The conclusion is that while tokenization has begun by digitizing and streamlining settlement for simpler assets, the next phase involves bringing more complex financial instruments on-chain and deeply integrating them into composable, internet-native financial infrastructure.

Odaily星球日报05/24 05:50

a16z: How Tokenization is Transforming the Nature of Assets in 7 Charts

Odaily星球日报05/24 05:50

a16z: 7 Charts to Understand How Tokenization Is Changing the Nature of Assets

a16z: 7 Charts on How Tokenization is Transforming the Nature of Assets Tokenized Assets, often referred to as "real-world assets" (RWA), are altering the form, flow, and structure of the financial system. The market recently surpassed $30 billion (excluding stablecoins), driven largely by tokenized U.S. Treasuries. These offer investors digital, yield-bearing assets with efficient settlement. Growth varies significantly by asset class. Asset-backed credit leads in speed, followed by niche financial assets, while venture capital and active strategies took longer to scale. U.S. Treasuries and commodities dominate, holding about two-thirds of the current market share. Within commodities, gold tokenization dominates entirely due to its standardization and historical appeal in crypto. The ecosystem is spread across multiple blockchains. Ethereum holds over half the market, with others like BNB Chain, Solana, and Stellar holding significant shares. However, a key insight is that most tokenized assets currently lack "composability." While the total market is large, only a small fraction (e.g., 5% of tokenized bonds) is used within DeFi protocols. Many tokens are simply digital records of off-chain assets, not natively programmable financial building blocks. In contrast, smaller categories like reinsurance tokens see very high on-chain usage. Looking ahead, forecasts for the tokenized asset market by 2030 range from $2 trillion to over $30 trillion, representing immense potential growth from today's ~$340 billion base. Yet, relative to global markets (e.g., $140T+ in bonds), tokenization's penetration remains minuscule (<0.02%). The current phase focuses on digitizing straightforward assets for efficiency. The next major challenge is bringing more complex financial instruments on-chain and integrating tokenized assets into truly composable, internet-native financial infrastructure.

marsbit05/24 04:25

Bitcoin Becomes a National Strategic Asset? U.S. Congressman Proposes Annual Purchase of 200,000 BTC, Locked for 20 Years Without Sale

U.S. Representative Nick Begich (R-Alaska) introduced the "American Reserve Modernization Act" (ARMA) on May 21, aiming to codify a strategic Bitcoin reserve into law. Building on a prior executive order, the bill seeks to establish a permanent national Bitcoin reserve managed by the Treasury Department. The proposed legislation would authorize the Treasury to acquire up to 200,000 Bitcoin annually for five years, targeting a total reserve of 1 million Bitcoin, roughly 5% of the total supply. All acquired Bitcoin would be locked and held for at least 20 years. Representative Begich likened Bitcoin's role in crypto to gold's in precious metals, calling it the dominant store of value in its asset class. The U.S. government currently holds approximately 328,000 Bitcoin, largely from law enforcement seizures, but lacks a coherent management strategy for these assets. Co-sponsors emphasized the urgency of addressing this gap. This move coincides with a wave of crypto-friendly legislation in Washington, including recent bipartisan committee approval of a major digital asset market structure bill. Concurrently, the Treasury has intensified crackdowns on illicit crypto finance, seizing hundreds of millions in assets, further highlighting the need for a comprehensive digital asset strategy. The White House has indicated that operational details for the strategic Bitcoin reserve are forthcoming, with key legal hurdles reportedly cleared.

marsbit05/22 07:09

Bitcoin Becomes a National Strategic Asset? U.S. Congressman Proposes Annual Purchase of 200,000 BTC, Locked for 20 Years Without Sale

marsbit05/22 07:09

Conversation with Glassnode Analyst: Bitcoin Bull Market Has Restarted, Current Market Still in 'Sell on Rally' Phase

Bitcoin analyst Checkmate believes the cryptocurrency market is now in a bull phase following a likely capitulation event in June, with an 80% probability the $60,000 low marked the bottom. However, he expects a prolonged consolidation period, similar to past cycles. Key resistance levels are identified at $78,000 (short-term cost basis), $85,000 (a critical supply zone and 200-day moving average), and $95,000. Sustained price appreciation requires consistent capital inflows, with institutions expected to enter more aggressively if Bitcoin surpasses $100,000. The discussion extends to macroeconomics, where rising global bond yields signal a loss of trust in government fiscal management. Checkmate argues this reflects a broader monetary regime change, where Bitcoin and gold will serve as primary stores of value outside the traditional system, while fiat currencies like the USD act as mediums of exchange. Finally, Checkmate criticizes proposed Australian capital gains tax reforms, calling them a "wealth grab." The plan to replace a 50% discount for assets held over a year with inflation indexing based on low CPI rates would drastically increase effective tax rates, punishing savers and investors trying to overcome the country's severe housing affordability crisis. He urges public opposition to prevent such policies from spreading globally.

marsbit05/21 09:26

Conversation with Glassnode Analyst: Bitcoin Bull Market Has Restarted, Current Market Still in 'Sell on Rally' Phase

marsbit05/21 09:26

Forbes: The $39 Trillion US Debt 'Crisis' May Trigger A Bitcoin Surge

Forbes: U.S. Debt 'Crisis' Could Trigger Bitcoin Surge The article discusses warnings from prominent financial figures about the precarious state of the U.S. dollar and national debt, and how this could benefit assets like Bitcoin. Hedge fund founder Ray Dalio warns the U.S. is spending 40% more than it earns, with debt at six times income, a historically problematic situation that devalues fiat currencies and lifts gold. Analysts note the U.S. is paying hundreds of billions in net interest on its $39 trillion debt, risking a "debt spiral." Concurrently, JPMorgan analysts suggest a shift in the "debasement trade" from gold to Bitcoin, noting Bitcoin ETF inflows have surpassed those of gold ETFs, especially following the Iran conflict. Billionaire Stanley Druckenmiller predicts the dollar may not remain the world's reserve currency in 50 years, potentially replaced by "some crypto thing." Elon Musk's warnings about a post-fiat era and Janet Yellen's concerns about potential "hyperinflation" under a Trump presidency are also cited as factors that could ignite Bitcoin's price. The piece positions Bitcoin, with its capped supply, as a potential digital gold and hedge against fiscal instability and currency debasement.

marsbit05/14 00:04

Forbes: The $39 Trillion US Debt 'Crisis' May Trigger A Bitcoin Surge

marsbit05/14 00:04

AI is Revaluing the Real World: Why Gold, Silver, and Copper are Becoming Important Again

AI is reassessing the value of the real world: why gold, silver, and copper are regaining importance. For over a decade, financial innovation centered on digitalization, from internet platforms to RWA tokenization. However, AI's rapid development highlights a deeper dependency: the physical infrastructure underpinning the AI era, not just code. Contrary to being "dematerialized," AI strengthens reliance on the real world. Every model training and deployment requires vast resources—data centers, energy grids, cooling systems, and critical industrial materials like copper, silver, and gold, which provide irreplaceable conductivity and durability. This shift is redefining the asset layer structure. A new "Asset Stack" is emerging: - Physical Layer: Metals, energy, and raw materials. - Financial Layer: Government bonds, ETFs, structured products. - Digital Layer: Tokenization infrastructure and programmable assets. The digital layer relies on the financial layer, which ultimately depends on the physical layer. While markets previously rewarded upper-layer assets like stocks and digital platforms, AI is redirecting attention to foundational real-world resources. S&P Global forecasts data center copper demand will surge from 1.1 million tons in 2025 to 2.5 million tons by 2040, amid a growing global supply deficit. This signals a long-term structural shift where energy, metals, and infrastructure form a critical "Physical Layer" that could limit AI's expansion. Tokenization alone doesn't create value; it connects markets to already-trusted assets. Successful tokenization requires mature demand, deep liquidity, and institutional consensus. Thus, the logical progression begins with sovereign debt (highest liquidity and trust), followed by gold (centuries of global consensus), then silver (blending reserve and industrial utility). Future expansion may include industrially critical materials like copper. Within gold, a key divergence is appearing. Gold ETFs solved "investability" but keep gold within traditional financial systems. Gold tokens, like Matrixdock's XAUm, explore making gold a functional part of the digital financial system—enabling instant settlement, cross-border collateral, and programmable utility without intermediaries. Looking ahead, industrial metals are evolving from commodities to strategic "functional assets." Silver faces a structural supply deficit, driven by demand from solar, EVs, and AI infrastructure. While gold represents a "Store of Value," metals like silver and copper are becoming "Stores of Function." Tokenizing them, as with Matrixdock's XAGm for silver, focuses not just on reserve value but on bridging physical commodity systems with digital infrastructure for efficient circulation. Ultimately, the asset layer is evolving to be more grounded in the strategic, physical realities of the economy. The most valuable assets for tokenization may not be the easiest to digitize, but those most essential for long-term economic and technological foundations.

链捕手05/13 11:00