比特幣的迅速崛起一次又一次地破壞了期望。

比特幣到當前高度的旅程以極端波動為標誌。在2023年的大部分時間裡，加密貨幣的交易低於$ 25,000

Bitcoin's meteoric rise has shattered expectations time and again. What once seemed impossible—a $100,000 bitcoin price—came within reach in November 2024 as the cryptocurrency surged past $99,000 following the U.S. elections. Now, investors and skeptics alike are asking: could bitcoin really hit $1 million?

比特幣的迅速崛起一次又一次地破壞了期望。曾經似乎不可能的是不可能的（100,000美元的比特幣價格）在2024年11月，由於加密貨幣在美國大選後飆升了99,000美元。現在，投資者和懷疑論者都在問：比特幣真的可以達到100萬美元嗎？

Let's explore what could drive bitcoin toward that elusive $1 million mark—and what stands in its way.

讓我們探索什麼可以推動比特幣朝著難以捉摸的100萬美元大關驅動，以及妨礙了什麼。

Key Takeaways

關鍵要點

Bitcoin's Path to $100,000

比特幣的$ 100,000的道路

Bitcoin's journey to its current heights has been marked by extreme volatility. For much of 2023, the cryptocurrency traded below $25,000, leading many to question its future.

比特幣到當前高度的旅程以極端波動為標誌。在2023年的大部分時間裡，加密貨幣交易低於25,000美元，導致許多人質疑其未來。

However, the crypto landscape shifted dramatically in January 2024 when courts directed the SEC to reconsider Bitcoin spot ETFs, triggering a surge to $40,000, then $60,000, and finally pushing toward the $100,000 milestone following the November elections.

但是，加密貨幣景觀在2024年1月發生了巨大變化，當時法院指示SEC重新考慮比特幣現場ETF，將激增至40,000美元，然後是60,000美元，最終朝著11月份大選後的100,000美元里程碑推動。

The Path to $1 Million

通往100萬美元的道路

For Bitcoin to reach $1 million, three key developments would likely need to align: widespread institutional adoption similar to gold (adding roughly $2 trillion to $3 trillion in market cap), major corporate adoption (another $1 trillion to $2 trillion), and retail investment growth in emerging markets.

為了使比特幣達到100萬美元，可能需要保持三個關鍵的發展：類似於黃金的機構採用（增加了大約2萬億美元至3萬億美元的市值），主要公司採用（另外1萬億美元至2萬億美元），以及新興市場的零售投資增長。

This combination could push Bitcoin's market cap beyond $21 trillion—the threshold needed for a $1 million price tag ($1 million times the 21 million bitcoin limit).

這種組合可能會將比特幣的市值推到21萬億美元以上，這是100萬美元的價格（是2100萬比特幣限額的100萬美元）所需的門檻。

What Drives Bitcoin's Price?

是什麼推動了比特幣的價格？

Unlike traditional assets, bitcoin's value isn't tied to company earnings or government backing. Instead, its price movements are primarily driven by supply mechanics and market sentiment. The cryptocurrency's programmed "halving" events, which cut the rate of new bitcoins every four years, means there's a diminishing supply. When combined with increasing institutional interest, this scarcity has historically supported price growth.

與傳統資產不同，比特幣的價值與公司的收入或政府支持並不相關。相反，其價格變動主要是由供應機制和市場情緒驅動的。加密貨幣編程的“減半”事件每四年降低新比特幣的速度，這意味著供應量減少。當結合日益增加的機構利益時，這種稀缺性在歷史上支持了價格增長。

Bitcoin By the Numbers

比特幣數字

However, market sentiment remains the dominant force behind Bitcoin's dramatic price swings. Regulatory announcements, political developments, and broader economic conditions can trigger significant movements in either direction, making the path to $1 million highly unpredictable. That said, its recent jump upward has been driven in part by investors foreseeing a friendlier SEC and presidential administration for bitcoin and cryptocurrencies in general.

但是，市場情緒仍然是比特幣戲劇性價格波動背後的主要力量。監管公告，政治發展和更廣泛的經濟狀況可以引發任何方向的重大運動，從而達到了高度無法預測的100萬美元的道路。也就是說，最近的進步是由投資者預見到的SEC和總統政府對比特幣和加密貨幣的總統管理的部分推動。

The price chart below points out just a few of the events that have influenced Bitcoin's price moves, but there have been many more, from hacks and thefts to regulatory news and economic events.

下面的價格表指出，只有一些影響比特幣價格轉移的事件，但是從黑客和盜竊到監管新聞和經濟事件，還有更多事件。

The Bottom Line

底線

Bitcoin has climbed higher and had greater returns than many thought possible. A price of $100,000 has been long predicted by cryptocurrency proponents and long disbelieved by skeptics. However, as Bitcoin closed in on fairy-tale-like prices in November 2024, even nonbelievers wondered again about a $1 million price tag.

比特幣的攀升比許多人想像的要高。長期以來，加密貨幣支持者預測了100,000美元的價格，長期以來對懷疑論者不相信。但是，隨著比特幣在2024年11月以童話般的價格下跌，即使是非居民也想知道100萬美元的價格。

The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. Read our warranty and liability disclaimer for more info. As of the date this article was written, the author owns BTC.

關於Investopedia所表達的評論，觀點和分析僅用於信息目的。閱讀我們的保修和責任免責聲明以獲取更多信息。截至本文撰寫的日期，作者擁有BTC。