是什麼讓比特幣價格飆升如此高？

一月份，美國證券交易委員會（SEC）透過批准交易所交易基金提振了比特幣。比特幣已經從 16,500 美元漲至 40,000 美元以上

Bitcoin’s price has surged to new highs in 2024, driven by several key factors.

在幾個關鍵因素的推動下，比特幣的價格在 2024 年飆升至新高。

The approval of bitcoin exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC) in January provided a major boost to the cryptocurrency. In anticipation of the ETFs, bitcoin had already risen to over $40,000 from $16,500 at the start of the year.

美國證券交易委員會 (SEC) 一月份批准了比特幣交易所交易基金 (ETF)，這極大地推動了加密貨幣的發展。由於 ETF 的預期，比特幣已從年初的 16,500 美元上漲至 40,000 美元以上。

However, the price faced some turbulence in the following months. Large wallets selling their holdings dragged bitcoin down to nearly $50,000 in September. But the rally was quickly reignited by Trump's victory in the US presidential election, and the nomination of Paul Atkins, a crypto advocate, to lead the SEC.

然而，價格在接下來的幾個月中面臨一些動盪。 9 月份，大型錢包拋售所持比特幣，導致比特幣價格跌至近 5 萬美元。但隨著川普在美國總統大選中獲勝以及加密貨幣倡導者保羅·阿特金斯被提名領導 SEC，漲勢很快就重新燃起。

With these developments, bitcoin crossed the $100,000 mark in October, and was trading at over $110,000 at the time of publishing this story. The price increase was also driven by institutional investment, with several brokerages adding bitcoin to their portfolios.

隨著這些進展，比特幣在 10 月突破了 10 萬美元大關，在本文發表時交易價格超過 11 萬美元。價格上漲也是由機構投資推動的，一些券商將比特幣添加到他們的投資組合中。

As bitcoin's price surged, it also had a positive impact on other crypto tokens. Ethereum's ETH rose 70% since January, and was nearing its 52-week high at $3,863. Ripple's XRP, the fourth-largest with a market cap of $135 billion, rose 3.8x this year. Solana (SOL), the next-biggest with a market cap of $111 billion, rose 2.5x.

隨著比特幣價格的飆升，也對其他加密代幣產生了正面影響。以太坊的 ETH 自 1 月以來上漲了 70%，接近 52 週高點 3,863 美元。 Ripple 的 XRP 是第四大加密貨幣，市值為 1,350 億美元，今年上漲了 3.8 倍。 Solana (SOL) 是第二大市值公司，市值達 1,110 億美元，股價上漲 2.5 倍。

In fact, each of the world's top 10 crypto tokens rose 2–4x this year, making 2024 a "bull" year for cryptocurrencies. Many are expecting the trend to continue, especially if the US-fuelled euphoria sustains.

事實上，今年全球十大加密貨幣的價格均上漲了 2-4 倍，使得 2024 年成為加密貨幣的「多頭」年。許多人預計這一趨勢將持續下去，特別是如果美國推動的樂觀情緒持續下去的話。

Among critical analysts, US-based Alex Dobvnya told Mint that bitcoin, with a market cap of $2.02 trillion at the time, is now "too big to fail."

在批評分析師中，美國的 Alex Dobvnya 告訴 Mint，比特幣當時的市值為 2.02 兆美元，現在「太大而不能倒」。

However, critics also raise concerns about a potential crash, highlighting that while blockchain has concrete real-world use cases, the same isn't true of tokens, which aren't tied to any physical asset, rendering them volatile.

然而，批評者也對潛在的崩盤表示擔憂，強調雖然區塊鏈有具體的現實用例，但代幣並非如此，代幣不與任何實體資產掛鉤，導致它們不穩定。

"Crypto ‘whales’, or wallets with tokens worth over $1 million, can badly impact any token at any time if they are liquidated. In an economic downturn, brokerages may sell, as in 2022, when bitcoin crashed by over 4x in a year. Despite being bigger today, adverse global policy calls (beyond Trump) may also hamper crypto," one critic told Mint.

「加密'鯨魚'，即代幣價值超過100 萬美元的錢包，如果被清算，隨時都可能對任何代幣造成嚴重影響。在經濟低迷時期，券商可能會拋售，就像2022 年那樣，當時比特幣在一年內暴跌超過4 倍儘管如今規模更大，但不利的全球政策呼籲（川普以外的）也可能會阻礙加密貨幣，」一位評論家告訴 Mint。

While Trump's pro-crypto stance could impact some tech policies in India, crypto may not be on the priority list, considering that US exchanges don't have a big presence in India, and the consumer market, too, is limited due to the tax.

儘管川普支持加密貨幣的立場可能會影響印度的一些科技政策，但考慮到美國交易所在印度的影響力並不大，而且消費市場也因稅收而受到限制，因此加密貨幣可能不會出現在優先考慮的名單上。

This could mean that while bitcoin's price surge may benefit Indian users, the impact is likely to be limited.

這可能意味著，雖然比特幣價格飆升可能有利於印度用戶，但影響可能有限。