比特幣與以太坊：終極比較

比特幣和以太坊都是在去中心化區塊鏈網路上運行的眾所周知的加密貨幣，但它們有一些關鍵的區別。

Bitcoin and Ethereum are the two most well-known cryptocurrencies in the world, and they both play a significant role in the crypto market. While Bitcoin is known for being the first cryptocurrency and a store of value, Ethereum is used to power a wide range of decentralized applications and is used in many aspects of Web3. Both cryptocurrencies have seen massive price changes over the years, and many investors are wondering how they will perform in the future.

比特幣和以太坊是世界上最著名的兩種加密貨幣，它們都在加密市場中發揮重要作用。比特幣因作為第一種加密貨幣和價值儲存而聞名，而以太坊則用於為廣泛的去中心化應用程式提供動力，並用於 Web3 的許多方面。多年來，這兩種加密貨幣的價格都發生了巨大的變化，許多投資者想知道它們未來的表現如何。

In this article, we will take a closer look at the market performance of Bitcoin and Ethereum and discuss the factors that could influence their prices in 2024. We will also provide some bold predictions on what the future might hold for these two leading cryptocurrencies.

在本文中，我們將仔細研究比特幣和以太幣的市場表現，並討論 2024 年可能影響其價格的因素。

Historical Price Trends

歷史價格趨勢

Bitcoin has been on a wild ride since it was first launched in 2009. Its value stayed low until late 2013 when it saw its first big surge. In 2017, Bitcoin’s price hit an all-time high of nearly $20,000, followed by a steep drop.

比特幣自 2009 年首次推出以來一直處於瘋狂狀態。 2017年，比特幣價格創下近2萬美元的歷史新高，隨後急劇下跌。

Over the years, Bitcoin’s price has had ups and downs, but it generally trended upwards, reaching record highs of over $60,000 in 2021 and again in 2024.

多年來，比特幣的價格有起有落，但總體呈上升趨勢，並於 2021 年和 2024 年再次創下超過 6 萬美元的歷史新高。

Launched in 2015, Ethereum has also seen a lot of price swings. Its first major rise happened in 2017 during a broader cryptocurrency boom, peaking at around $1,400 in early 2018.

以太坊於 2015 年推出，價格也經歷了很大的波動。其首次大幅上漲發生在 2017 年加密貨幣大繁榮時期，並於 2018 年初達到 1,400 美元左右的高峰。

After a period of lower prices, Ether began to rise again in 2020 and 2021, hitting new highs of over $4,000, largely due to its increasing use in the booming decentralized finance (DeFi) sector.

經過一段時間的價格下跌後，以太幣在 2020 年和 2021 年再次開始上漲，創下超過 4000 美元的新高，這主要是由於其在蓬勃發展的去中心化金融（DeFi）領域的使用不斷增加。

Factors Influencing Price

影響價格的因素

Several key factors drive the prices of Bitcoin and Ethereum, including market demand, technological upgrades, and investor sentiment.

推動比特幣和以太幣價格的幾個關鍵因素包括市場需求、技術升級和投資者情緒。

Market Demand: The demand for Bitcoin and Ethereum is shaped by their perceived value and usefulness. Bitcoin is often viewed as digital gold, a hedge against inflation, and a store of value, leading to higher demand during times of economic uncertainty. Ethereum’s demand is boosted by its role in the DeFi and NFT sectors, where it serves as the foundation for many applications and platforms.

市場需求：對比特幣和以太坊的需求取決於它們的感知價值和實用性。比特幣通常被視為數位黃金、通膨對沖工具和價值儲存手段，在經濟不確定時期導致需求增加。以太坊的需求因其在 DeFi 和 NFT 領域的作用而得到提振，它是許多應用程式和平台的基礎。

Technological Upgrades: Advances and upgrades in technology also impact prices. For Bitcoin, improvements in scalability and security through updates like SegWit and the Lightning Network have positively influenced its price. Ethereum’s ongoing upgrade to Ethereum 2.0, which aims to improve scalability, efficiency, and sustainability by shifting to Proof of Stake, has been a major factor in its price trends.

技術升級：技術的進步和升級也會影響價格。對於比特幣來說，透過隔離見證和閃電網路等更新來提高可擴展性和安全性對其價格產生了積極影響。以太坊持續升級到以太坊 2.0，旨在透過轉向權益證明來提高可擴展性、效率和永續性，這一直是其價格趨勢的主要因素。

Investor Sentiment: How investors feel about the market, influenced by news, regulatory changes, and the economy, greatly affects the prices of both cryptocurrencies. Positive news, such as big institutions adopting the currencies, endorsements from well-known figures, or favorable regulations, can drive prices up. On the other hand, negative news or uncertain regulations can lead to sharp price drops.

投資者情緒：投資者對市場的看法受到新聞、監管變化和經濟的影響，極大地影響了兩種加密貨幣的價格。正面的消息，例如大型機構採用這種貨幣、知名人士的認可或有利的法規，都可以推高價格。另一方面，負面消息或不確定的監管可能導致價格大幅下跌。

Is Ethereum Losing Ground to Bitcoin?

以太坊正在輸給比特幣嗎？

As we enter 2024, many crypto enthusiasts and investors are wondering: Should they sell Ethereum for Bitcoin? Has Bitcoin now surpassed Ethereum in long-term growth potential? With Bitcoin outperforming Ethereum by over 44% since the Ethereum Merge, the market is feeling the pressure.

進入 2024 年，許多加密貨幣愛好者和投資者都想知道：他們應該出售以太坊換取比特幣嗎？比特幣的長期成長潛力現在已經超過以太坊了嗎？自從以太幣合併以來，比特幣的表現優於以太幣 44% 以上，市場感受到了壓力。

Let’s take a closer look at the current ETH vs. BTC situation, the potential risks, and what might be ahead for these two leading cryptocurrencies.

讓我們仔細看看當前 ETH 與 BTC 的情況、潛在風險以及這兩種領先加密貨幣的未來可能。

A key point is that Bitcoin has outperformed Ethereum since the Ethereum Merge nearly two years ago. Data from ultrasound.money shows Bitcoin has gained 44% more than Ethereum since then, raising concerns about Ethereum losing its edge. The main reason for this difference lies in their supply dynamics.

一個關鍵點是，自從近兩年前以太坊合併以來，比特幣的表現優於以太坊。來自 ultrason.money 的數據顯示，自那時以來，比特幣的漲幅比以太坊高出 44%，引發了人們對以太坊失去優勢的擔憂。造成這種差異的主要原因在於它們的供應動態。

Bitcoin’s 2024 halving event cut the creation of new coins in half, making Bitcoin increasingly scarce. Meanwhile, Ethereum’s supply has grown, especially after its recent “Denon” upgrade. Although Ethereum has burned more ETH than it has issued over time (a deflationary effect), its supply has increased in the short term, which some believe has led to its recent underperformance.

比特幣 2024 年減半事件使新幣的創造量減少了一半，使得比特幣變得越來越稀缺。與此同時，以太坊的供應量有所增長，尤其是在最近的「Denon」升級之後。儘管以太坊燃燒的 ETH 數量超過了其隨時間發行的數量（通貨緊縮效應），但其供應量在短期內有所增加，有些人認為這導致了其近期表現不佳。

Another factor is the impact of institutional investors and Ethereum ETFs. Recent data shows that Ethereum’s supply has increased by nearly 1 million ETH in the past year, which is about 1% inflation. While this might seem worrying, it’s important to note that since the Ethereum Merge, the total ETH supply has actually decreased by 0.08%. This paints a mixed picture: short-term supply increases may be causing recent underperformance, but the long-term outlook remains deflationary due to the introduction of Ethereum Improvement Proposal (EIP) 1559.

另一個因素是機構投資者和以太幣 ETF 的影響。最新數據顯示，以太坊的供應量在過去一年增加了近100萬枚ETH，相當於1%的通膨率。雖然這似乎令人擔憂，但值得注意的是，自以太坊合併以來，ETH 總供應量實際上減少了​​ 0.08%。這描繪了一幅好壞參半的圖景：短期供應增加可能導致近期表現不佳，但由於以太坊改進提案（EIP）1559的引入，長期前景仍然是通縮的。

Understanding the difference between short-term inflationary pressures and long-term deflationary trends is crucial to see why Ethereum has struggled recently but could still bounce back in

了解短期通膨壓力和長期通貨緊縮趨勢之間的差異對於理解為什麼以太坊最近陷入困境但仍可能反彈至關重要