伍德認為 AI 非泡沫而是長期投資，比特幣下跌源於情緒與流動性，投資人應回歸技術成熟度與總體經濟判斷，多重因素考量。
Cathie Wood (伍德） 在 Ark Invest 節目中向投資人表達她對近期 AI 泡沫化言論再度重現與投資人對比特幣集體恐慌的看法。她提醒投資人因從技術成熟度、資產定價與宏觀流動性中辨識出投資價值，以下整理影片觀點，分析 Cathie Wood 對人工智慧、加密資產與整體金融環境現況的看法。
人工智慧是泡沫嗎？經歷過上個泡沫經濟的長輩過度擔憂
伍德用圖表說明，科技產業資本支出占 GDP 的比重已接近歷史高點，與過往泡沫時期相仿，引發投資人不安，Wood 表示她認識許多經驗豐富的投資者，在網路泡沫年代時還年輕，現在都已是白髮蒼蒼的老年人，他們經歷過那段泡沫時期，認為需要保護自己與企業免受泡沫的影響，在企業決策中更傾向保守，試圖避免重蹈覆轍。
Wood 表示人工智慧相關資本支出週期將比過去更長，爭論的核心不僅在於支出規模，而在於這些技術投入是否能在未來轉化為穩定且可持續的生產力。網路泡沫時期，多數技術還不成熟，成本太高，現在的本益比跟以前完全不一樣，而現在，一場巨大的顛覆出現，叫做人工智慧，企業如果想保持競爭力，就必須投資人工智慧，他們必須抓住時機，但某些只專注於短期利益的股東並不這麼想。
比特幣謠言擴散，加劇市場波動
近年黃金價格持續走高，但比特幣自高點明顯回落。Wood 透過圖表指出，自 2019 年以來，比特幣與黃金的報酬率相關性僅約 0.14（註：1 代表完全相關），顯示比特幣的價格行為與黃金存在顯著差異，更接近高波動性的風險資產，而非傳統避險標的。
她指出市場近期充斥各種負面傳聞，使投資情緒轉弱，進一步對價格形成壓力 、引發階段性拋售潮。這類情況在高波動資產中尤為常見，往往放大短期價格變化。
Wood 亦提到，比特幣近期的波動部分來自量子計算議題再度受到關注。不過，她認為在可預見的十多年內，量子運算尚不足以對現行區塊鏈架構構成實質威脅。相較之下，宏觀流動性的變化對市場影響更為直接，包括政府預算不確定性、就業數據、聯準會的聯邦基準利率，以及國際利率走勢，均對資金環境造成收縮壓力，進而放大市場震盪。
Wood 最後提醒，市場每次出現劇烈波動時，事後常有人認為錯失低點進場機會，但在實際低點出現時，市場情緒往往轉為高度恐慌。她認為，投資判斷不應僅聚焦於價格走勢，而需綜合評估技術、宏觀環境、政策監理與市場結構等多重因素，才能降低決策偏誤。
- 本文經授權轉載自：《鏈新聞》
- 原文標題：《伍德：長輩害怕 AI 泡沫，謠言造成比特幣恐慌》
- 原文作者：DW
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Articoli correlati
「刻舟求劍」式幣價預測走紅，玄學預言的實戰邏輯與缺陷
作者：Frank，PANews
每當市場進入不上不下的迷惘階段，就會有人試圖用「刻舟求劍」式的歷史回溯方法去預測下一段走勢。在這種情況下，人們往往能從這些理論和圖表中看到歷史總是在重演，並似乎自動將未來一段時間的行情走勢與過去的某一段進行重疊驗證。
這種重合似乎有著神奇的效果，也常常被驗證。有部落客自稱這種預測的準確率能到達 75%~80% 。
這種在社群媒體上屢屢爆紅的「刻舟求劍」式價格預測，究竟是在幫助市場識別階段，還是在把噪音包裝成預言？
從「滴答分形」到「歷史押韻」
關於 2025 年 10 月市場頂點預測的巔峰操作是名為 CryptoBullet 的分析師，他所創建的一種名為「ti
区块客55m fa
Dogecoin (DOGE) Prints Abnormal $0 as Short Sellers Disappear - U.Today
Dogecoin's recent rally saw $0 in short liquidations, indicating traders were betting long. Despite a 4.61% decline due to market pullback, volume remained high. The potential for DOGE to reach $0.10 depends on Bitcoin's recovery.
UToday1h fa
Bitcoin Holds Steady Amid Middle East Escalation
Bitcoin demonstrates resilience at $70K amid geopolitical tensions in the Middle East, with declining exchange-held Bitcoin indicating investor confidence. Market reactions reflect a growing stability, despite volatility from conflict risks.
CryptoFrontNews1h fa
Liệu Dogecoin có chững lại trong một phạm vi giá kéo dài nhiều tuần bất chấp đợt tăng giá 15%?
Dogecoin (DOGE) has successfully defended the crucial support level of $0.088 despite recent selling pressure, aided by Bitcoin's recovery. While DOGE saw a significant 15% increase recently, long-term trends remain bearish. Rising social media interactions and potential short liquidations could drive short-term growth, but long-term recovery may require surpassing $0.127.
TapChiBitcoin2h fa
Analyst Says XRP Is ‘Criminally Undervalued’ as RSI Drops
Analyst says XRP RSI reached oversold levels last seen during the 2022 bear market bottom.
XRP trades near $1.39 with key support at $1.30–$1.35 and resistance between $1.45 and $1.70.
Price has declined from about $3.10 since Sept 2025, forming a prolonged downward trend.
XRP trades near
CryptoFrontNews3h fa
Shiba Inu Death Cross Appears on Daily Chart as Price Loses Support - U.Today
Shiba Inu (SHIB) is battling bearish pressure that threatens to undo its over 8.85% weekly gains. In the last 24 hours, the meme coin’s price and volume flipped negative as it recorded a death cross on its charts.
Death cross signals weakening momentum for Shiba Inu
For context, a death cross eme
UToday3h fa
