為什麼我像沒有明天一樣買比特幣

加密貨幣可以，但它們是有風險的。儘管為這些資產提供支援的區塊鏈技術具有創新性，並且具有改變我們所知的金融業的潛力，但它們在未來的作用仍然模糊且模糊。

Despite the allure of cryptocurrencies, their risky nature cannot be overlooked. The role of these assets in the future remains uncertain, given the innovative potential of blockchain technology.

儘管加密貨幣具有吸引力，但其風險本質也不容忽視。鑑於區塊鏈技術的創新潛力，這些資產在未來的角色仍然不確定。

However, there is one cryptocurrency that has already established its role, providing investors with the safest exposure to the best that the cryptocurrency market has to offer. Here's why I'm aggressively buying Bitcoin (BTC -0.17%) like there is no tomorrow.

然而，有一種加密貨幣已經確立了自己的地位，為投資者提供了最安全的加密貨幣市場最佳機會。這就是為什麼我積極購買比特幣（BTC -0.17%），就像沒有明天一樣。

1. The halving effect

1.減半效應

Bitcoin underwent its fourth halving on April 19. Occurring roughly every four years, these halvings form the crux of Bitcoin's robust monetary policy, which prioritizes preserving scarcity value by slashing its inflation rate in half. With the fourth halving now complete, Bitcoin's inflation rate now stands at a meager 0.85%. That makes it less inflationary than what many deem to be the superior store of value and inflation hedge: gold.

比特幣於4 月19 日經歷了第四次減半。 。隨著第四次減半現已完成，比特幣的通膨率目前僅為 0.85%。這使得它的通貨膨脹率低於許多人認為的最佳保值手段和通膨對沖工具：黃金。

Over the long term, it's easy to see how continued reductions in its inflation rate will benefit Bitcoin's price growth. Should demand for the cryptocurrency continue to increase, its diminishing inflation rate will place more pressure on its finite supply of 21 million coins. Combine these factors, and you have the perfect recipe for price appreciation.

從長遠來看，很容易看出通貨膨脹率的持續下降將如何有利於比特幣的價格成長。如果對加密貨幣的需求繼續增加，其不斷下降的通貨膨脹率將對其有限的 2,100 萬枚加密貨幣供應帶來更大壓力。將這些因素結合起來，你就擁有了價格升值的完美秘訣。

Even in the short term, the halving's effect makes Bitcoin a viable investment today. In the years when a halving occurs, Bitcoin grows by 125% on average. When measured from the beginning of the year, that would put its price at just over $100,000, meaning there is still generous potential for returns today even with its price at roughly $65,000. Yet, the best that Bitcoin has to offer usually materializes in the year after a halving. Historically, during these years, Bitcoin increased by more than 400%.

即使在短期內，減半的影響也使比特幣成為當今可行的投資。在減半發生的年份裡，比特幣平均成長 125%。從今年年初開始計算，其價格將略高於 100,000 美元，這意味著即使其價格約為 65,000 美元，今天仍有豐厚的回報潛力。然而，比特幣所能提供的最好的結果通常會在減半後的一年內實現。從歷史上看，這些年裡，比特幣的漲幅超過了400%。

2. Greatest institutional interest and the clearest role in the financial landscape

2. 最大的機構利益和在金融領域最明確的作用

For most of Bitcoin's existence, its rise to the top was driven by retail investors. But now things are about to change. With the approval of spot Bitcoin ETFs, institutional investors with vast reserves of capital are able to easily invest in the cryptocurrency. Now that Wall Street's biggest names have arrived, it will likely place exceptionally more pressure on Bitcoin's finite supply, the likes of which it probably hasn't seen since its earliest days.

在比特幣存在的大部分時間裡，它的崛起都是由散戶投資者推動的。但現在情況即將改變。隨著現貨比特幣ETF的批准，擁有大量資金儲備的機構投資者可以輕鬆投資加密貨幣。現在，華爾街的大佬們已經到來，這可能會對比特幣的有限供應造成更大的壓力，而這種壓力可能是比特幣自誕生以來從未見過的。

On a semi-related note, the fact that Bitcoin even got approved for a spot ETF is an indicator of the market's current perception of it and its role in the financial landscape. For example, let's consider that Ethereum (CRYPTO: ETH), the second most valuable cryptocurrency, is in the midst of an intense debate for ETF approval as regulators try to determine whether it is a security or a commodity. If this conversation is being had for Ethereum, you can guarantee that every other cryptocurrency will be questioned in a similar fashion.

與半相關的是，比特幣甚至獲得現貨 ETF 的批准這一事實表明了市場目前對其及其在金融領域的作用的看法。例如，讓我們考慮一下第二大最有價值的加密貨幣以太坊（加密貨幣：ETH）正處於 ETF 批准的激烈辯論中，因為監管機構試圖確定它是一種證券還是一種商品。如果這場對話是針對以太坊進行的，那麼您可以保證所有其他加密貨幣都會以類似的方式受到質疑。

Now, I will be the first to admit that just because the Securities and Exchange Commission (SEC) thinks a cryptocurrency is a security doesn't mean it is the end for a given blockchain. Most of these assets are fairly decentralized and would continue to operate even if the SEC pursued litigation. Remember, cryptocurrencies are traded internationally and not subject to any specific country's laws.

現在，我將第一個承認，僅僅因為美國證券交易委員會（SEC）認為加密貨幣是一種證券，並不意味著它是特定區塊鏈的終結。這些資產大部分都是相當去中心化的，即使美國證券交易委員會提起訴訟，它們也將繼續運作。請記住，加密貨幣在國際上交易，不受任何特定國家法律的約束。

However, markets don't like the idea of legislative risks. That's why Bitcoin is such a safe investment today. The SEC has already deemed it a commodity and beyond its purview of control. This gives it unique staying power and an added layer of insurance that it won't be hindered by regulatory scrutiny.

然而，市場不喜歡立法風險的想法。這就是為什麼比特幣如今是一種安全的投資。 SEC 已將其視為商品，超出其控制範圍。這賦予了它獨特的持久力，並增加了一層保證，使其不會受到監管審查的阻礙。

3. In a class of its own

3. 獨樹一幟

In a similar vein, Bitcoin has generated significant institutional interest and has such a clear designation in the financial landscape due to its core characteristics, which make it unique compared to virtually every other cryptocurrency.

同樣，比特幣引起了巨大的機構興趣，並且由於其核心特徵而在金融領域具有如此明確的地位，這使得它與幾乎所有其他加密貨幣相比都是獨一無二的。

When you invest in Bitcoin, you are investing in the most decentralized, secure, and proven cryptocurrency on the market. There is no single group overseeing its operations. We don't even know who created it. All we know is that its creator went by the pseudonym of Satoshi Nakamoto and has since disappeared.

當您投資比特幣時，您投資的是市場上最去中心化、最安全且經過驗證的加密貨幣。沒有一個單獨的組織來監督其運作。我們甚至不知道是誰創造了它。我們所知道的是，它的創建者化名為中本聰，現已消失。

No other cryptocurrency can claim this. Just about every other cryptocurrency has a known creator and a team of developers maintaining its functionality, making them much more likely to be in the SEC's scope.

沒有其他加密貨幣可以做到這一點。幾乎所有其他加密貨幣都有一個已知的創建者和一個維護其功能的開發團隊，這使得它們更有可能處於 SEC 的管轄範圍內。

Conversely, Bitcoin has operated more or less in its original form for the last 15 years, devoid of any central figure or authority. In other words, even if the SEC wanted to take action against Bitcoin, it couldn't. Who would it sue? Bitcoin's creator is unknown, and it runs on the most decentralized network with thousands of nodes around the world.

相反，在過去 15 年裡，比特幣或多或少以其原始形式運行，沒有任何核心人物或權威。換句話說，即使 SEC 想對比特幣採取行動，它也不能。它會起訴誰？比特幣的創造者無人知曉，它運行在最去中心化的網路上，在全球擁有數千個節點。

Final thoughts

最後的想法

When you add it all up, I would venture to say that there is never a bad time to invest in Bitcoin. Are there better times than others? Sure. Investing in the depths of the crypto winter should deliver better returns than investing at the top. However, data

當你把所有這些加起來時，我敢說，投資比特幣從來沒有一個糟糕的時機。有比其他人更好的時光嗎？當然。在加密貨幣冬天的深處進行投資應該會比在頂部進行投資帶來更好的回報。然而，數據