持有比特幣可以導致財富，但對於投資者而言，這個過程可能會感到沮喪

比特幣上一周經歷了一個動蕩的，在5月23日的$ 111,800上空短暫攀升，然後在第二天的回調左右至107,000美元左右。

An expert on crypto has said that holding Bitcoin can feel frustrating most of the time—but it’s deflationary by design, built to rise in value over time. A concept many still struggle to understand.

Crypto的專家說，握住比特幣會在大多數時候感到沮喪，但是由於設計而定，隨著時間的推移而逐漸增長。一個概念許多人仍在努力理解。

Thomas Fahrer, co-founder of Apollo, presented a logarithmic price chart of Bitcoin covering a range from 2011 to a projected 2031. The chart features a curved trendline, which captures Bitcoin’s long-term exponential growth pattern.

阿波羅（Apollo）的聯合創始人托馬斯·法勒（Thomas Fahrer）提出了比特幣的對數價格圖表，該比特幣覆蓋了2011年至預計2031年的範圍。該圖表具有彎曲的趨勢線，該趨勢趨勢線捕獲了比特幣的長期指數增長模式。

Some of the most notable instances where Bitcoin retested and respected this curve include the February 2015 crash, where BTC found support around $212. Another critical retest occurred in late 2020, when Bitcoin bottomed around $5,000. Most recently, in the 2022 market panic, Bitcoin dipped to around $16,000 after hitting a peak above $67,000 in late 2021.

比特幣重新測試並尊重這條曲線的一些最值得注意的情況包括2015年2月的崩潰，BTC在其中獲得了212美元的支持。另一個重大重新測試發生在2020年底，當時比特幣觸底了5,000美元。最近，在2022年市場恐慌中，比特幣在2021年末達到67,000美元以上的峰值之後，降至16,000美元左右。

However, despite these periods of high volatility and corrections, the chart shows Bitcoin maintaining a consistent upward trajectory over time. Logarithmic scales, often used for assets with exponential growth, help contextualize Bitcoin’s price action in the long term.

但是，儘管有這些時期的高波動性和校正期，但圖表顯示了比特幣隨著時間的推移保持一致的向上軌跡。從長遠來看，對數量表通常用於具有指數增長的資產，有助於將比特幣的價格動作背景。

This presentation aligns with a broader narrative that Bitcoin, although prone to sharp pullbacks, has historically moved higher across longer timeframes.

該演示文稿與更廣泛的敘述相吻合，即比特幣雖然容易出現銳利的回調，但歷史上在更長的時間範圍內移動了更高。

Fahrer touched upon this resilience, highlighting the psychological difficulty many investors face. He described how holding Bitcoin often feels frustrating 90% of the time, despite the asset’s historical returns.

法勒談到了這種韌性，強調了許多投資者面臨的心理困難。他描述了儘管資產的歷史回報，但持有比特幣經常感到沮喪的90％。

Bitcoin’s Monetary Design Contrasted with Fiat Currency

比特幣的貨幣設計與法定貨幣形成對比

Zooming in on Bitcoin’s monetary model, Fahrer contrasted it with fiat currencies. While the U.S. dollar and other government-issued currencies increase in supply and lose value due to inflation, Bitcoin has a fixed cap of 21 million coins. Its issuance rate declines every four years through programmed halving events, reducing the number of new coins entering circulation.

縮放比特幣的貨幣模式，法勒將其與法定貨幣進行了對比。儘管美元和其他政府發行的貨幣增加了供應量並因通貨膨脹而損失價值，但比特幣的固定上限為2100萬個硬幣。其發行率每四年通過減半事件每四年下降，從而減少了進入流通的新硬幣的數量。

Fahrer described Bitcoin as deflationary money, designed to increase in value permanently. He also noted that the concept remains difficult for the human mind to fully grasp.

法勒將比特幣描述為放氣資金，旨在永久增加價值。他還指出，這個概念對於人類的思想仍然很難完全掌握。

Adding to this financial perspective, a Bitcoin investor known on the social media platform X as Carl Menger shared a visual comparison of purchasing power changes from 2020 to 2025. The data shows that $100 held in U.S. dollars would decline to $76 by 2025 due to inflation.

除了這種財務觀點外，當卡爾·孟格（Carl Menger）分享了從2020年到2025年的購買力變化的視覺比較，在社交媒體平台X上聞名的比特幣投資者，數據顯示，由於通貨膨脹，到2025年，以美元持有的100美元將下降到76美元。

In contrast, $100 invested in Bitcoin in 2020 would have grown to $1,201 by 2025. This side-by-side snapshot showcases the diverging outcomes of holding fiat money versus a purportedly deflationary digital asset like Bitcoin.

相比之下，到2025年，在2020年投資比特幣的100美元將增長到1,201美元。這款並排快照展示了持有Fiat Money的不同結果，而與據稱是像比特幣這樣的易位數字資產的結果。

Changing Perceptions of Wealth Creation

改變對財富創造的看法

Finally, financial literacy author Robert Kiyosaki addressed his social media followers, noting how Bitcoin has simplified wealth creation. He explained that individuals no longer need to rely on traditional assets like gold to accumulate wealth. Based on historical returns, even a small investment in Bitcoin over the past 13 years could yield substantial gains.

最後，金融掃盲作者羅伯特·基亞薩基（Robert Kiyosaki）向他的社交媒體追隨者講話，並指出比特幣如何簡化了財富的創造。他解釋說，個人不再需要依靠像黃金這樣的傳統資產來積累財富。根據歷史回報，即使在過去13年中對比特幣進行了少量投資，也可以帶來可觀的收益。

Kiyosaki also addressed a common misconception about needing to own a full Bitcoin. He emphasized that owning as little as 0.01 BTC in 2010 could have delivered a staggering 6,000% return by 2023. In contrast, investing a small amount in the stock market over 60 years would only yield around 100 times the initial investment.

Kiyosaki還解決了需要擁有完整比特幣的普遍誤解。他強調，在2010年，擁有最少的0.01 BTC可能會在2023年獲得驚人的6,000％的回報。相比之下，在60年以上的股票市場上投資少量只能是初始投資的100倍。

To put this in perspective, Kiyosaki stated that an investment of $100 in Bitcoin in 2010 would have grown to $6,400 by 2023. In comparison, investing $1,000 in the S&P 500 in 1960 would yield around $150,000 to $200,000 today.

從角度來看，基亞薩基（Kiyosaki）表示，到2023年，2010年的100美元比特幣投資將增長到6,400美元。相比之下，1960年的標準普爾500年在標準普爾500號投資1,000美元將產生約150,000美元至200,000美元。