即使在最新的催化劑出現之後，購買比特幣也是理所當然的事情

繼 2022 年暴跌 65% 後，這一全球頂級數位資產自 2023 年初（截至 5 月 31 日）以來已飆升 308%。

After tanking 65% in 2022, Bitcoin ( BTC -0.28%) has been on an absolute tear in 2023.

繼 2022 年下跌 65% 後，比特幣 ( BTC -0.28%) 在 2023 年大幅下跌。

The world's top digital asset has soared 308% since the start of the year (as of May 31), easily outpacing the broader crypto market and other mainstream assets like stocks and bonds.

自今年年初（截至 5 月 31 日）以來，這一全球頂級數位資產已飆升 308%，輕鬆超過了更廣泛的加密貨幣市場以及股票和債券等其他主流資產。

Several catalysts have contributed to this stunning rally, including the approval of spot Bitcoin exchange-traded funds (ETFs) and the halving event on April 19. Both of these developments have been highly anticipated by crypto enthusiasts and investors alike.

多種催化劑促成了這一驚人的反彈，包括現貨比特幣交易所交易基金（ETF）的批准和4 月19 日的減半事件。 。

But even after this latest catalyst, you might be wondering whether Bitcoin is still a no-brainer buy. Let's consider the argument in favor of buying Bitcoin.

但即使在這個最新的催化劑之後，您可能想知道比特幣是否仍然是理所當然的購買選擇。讓我們考慮一下支持購買比特幣的論點。

Bitcoin's valuable trait, explainedWhile the approval of spot ETFs was a one-off event, the halving occurs roughly every four years. This is when the supply of new coins that are mined is cut in half. In April of this year, the block reward went from 6.25 to 3.125.

比特幣的寶貴特質解釋道，雖然現貨 ETF 的批准是一次性事件，但減半大約每四年發生一次。此時，開採的新代幣的供應量將減少一半。今年 4 月，區塊獎勵從 6.25 升至 3.125。

This milestone now makes Bitcoin the hardest asset out there. That means it has a low annual inflation rate of less than 1%, which is lower and better than that of gold.

這一里程碑現在使比特幣成為最難的資產。這意味著它的年通膨率低於1%，比黃金更低但更好。

As Bitcoin continues growing in value and keeps attracting the attention of larger pools of capital, its key trait of scarcity becomes more appreciated. The setup is more favorable to fiat currencies, particularly the U.S. dollar. Since the creation of the Federal Reserve in 1913, the purchasing power of $1 has decreased by a jaw-dropping 97%.

隨著比特幣價值的持續成長並不斷吸引更多資本的關注，其稀缺性的關鍵特徵變得更加受到重視。這種設置更有利於法定貨幣，尤其是美元。自 1913 年聯準會成立以來，1 美元的購買力已下降了 97%，令人瞠目結舌。

And given the precarious situation the U.S. government is in, one where the debt burden has climbed rapidly in the past few decades, it's hard not to see the money supply continuing to expand over the long term in order to help fund the government.

考慮到美國政府所處的岌岌可危的局面，過去幾十年債務負擔迅速攀升，很難不看到貨幣供應量在長期內繼續擴大，以幫助為政府提供資金。

What history saysHalving events have occurred in the past. And in the several months leading up to one, as well as the 12 to 18 months after, Bitcoin's price has generally skyrocketed to reach a new peak.

歷史所說的減半事件過去曾發生過。而在1月份之前的幾個月以及之後的12到18個月內，比特幣的價格普遍飆升，達到新的高峰。

Just look at what happened around the time of the last halving, which was in May 2020. In the 16 months before, Bitcoin's price rose over 120%. And in the 18 months after, the crypto went bonkers, rising 661% to reach a new record at the time of just under $69,000 in November 2021.

看看上一次減半前後發生的事情，也就是 2020 年 5 月。此後的 18 個月裡，加密貨幣瘋狂上漲，上漲 661%，在 2021 年 11 月創下新紀錄，價格略低於 69,000 美元。

This was boosted by generally favorable macro conditions. The economy was dealing with the onset of the coronavirus pandemic, which prompted governments to enact drastic stimulative measures that can be a boon for asset prices. The stock and crypto markets also did well during this time.

這是受到普遍有利的宏觀條件的推動。經濟正在應對冠狀病毒大流行的爆發，這促使各國政府採取嚴厲的刺激措施，這可能有利於資產價格。股票和加密貨幣市場在此期間也表現良好。

Basic economic theory can help explain why Bitcoin's price climbed during halvings. When there is increasing demand for something that has a fixed supply, the price should rise. Investors seem to want to own something that's scarce.

基本經濟理論可以幫助解釋為什麼比特幣價格在減半期間會上漲。當對供應固定的東西的需求增加時，價格應該會上漲。投資人似乎想擁有稀缺的東西。

Now, I'm not saying that Bitcoin's price is guaranteed to mimic its past post-halving gains over the next 18 months. As this asset matures, its potential for returns will naturally diminish.

現在，我並不是說比特幣的價格一定會在未來 18 個月內模仿其減半後的漲幅。隨著這項資產的成熟，其回報潛力自然會減弱。

However, I still believe there is a sizable upside for prospective investors who want to own something that has proven its worth as a valuable tool that can increase one's purchasing power over time.

然而，我仍然相信，對於那些想要擁有一些已經證明其價值的潛在投資者來說，這是一個相當大的好處，作為一種有價值的工具，可以隨著時間的推移提高一個人的購買力。

Gold is an apt comparison. The precious metal has a market value of $15.8 trillion. Even though it has some utility in industrial settings, gold is worth something because everyone else thinks it's worth something.

黃金是一個恰當的比喻。這種貴金屬的市值為15.8兆美元。儘管黃金在工業環境中具有一定的實用性，但黃金還是有價值的，因為其他人都認為它有價值。

If Bitcoin, which has more compelling qualities than gold, can one day get on par in terms of market value, the cryptocurrency's price has 1,100% upside in the long haul.

如果比特幣（比黃金具有更引人注目的品質）有一天能夠在市場價值方面達到同等水平，那麼從長遠來看，這種加密貨幣的價格將有 1,100% 的上漲空間。

That's a good reason to at least consider buying Bitcoin.

這是至少考慮購買比特幣的一個很好的理由。