購買比特幣為時已晚嗎？

他使用歷史和經濟類比，將加密貨幣的增長與紐約市這樣的主要金融樞紐進行了比較，從而使智能資本如何在主導網絡周圍鞏固了相似之處。

At a time when the question "Is it too late to buy Bitcoin?" might be on the minds of crypto newcomers, especially amid recent price dips, the Executive Chairman of Strategy at MicroStrategy, Michael Saylor, weighed in with an interesting perspective.

在“購買比特幣為時已晚？”的問題時可能是加密新移民的想法，尤其是在最近的價格下跌中，MicroStrategy的策略執行董事長Michael Saylor以有趣的觀點來做。

Is It Too Late to Buy Bitcoin?

購買比特幣為時已晚嗎？

Using historical and economic analogies, he compared the cryptocurrency’s growth to that of major financial hubs like New York City, highlighting how smart capital gravitates towards dominant networks. His argument is that Bitcoin is emerging as the central economic infrastructure of cyberspace.

使用歷史和經濟類比，他將加密貨幣的增長與紐約市等主要金融樞紐的增長進行了比較，強調了智能資本如何吸引了占主導地位的網絡。他的論點是，比特幣正在成為網絡空間的中央經濟基礎設施。

Bitcoin: The New York City of Cyberspace

比特幣：紐約網絡空間

In a series of posts on X, formerly Twitter, Saylor explained that throughout history, economic empires have consolidated around specific cities—Carthage, Rome, Venice, London, and New York—each serving as a central hub for financial and trade activities. In the digital age, he claimed that Bitcoin is holding a similar position in cyberspace. According to Saylor, Bitcoin is becoming the main network for digital applications and money transfers across global jurisdictions, including Singapore, Paris, and China.

在以前是Twitter的X上的一系列文章中，Saylor解釋說，在整個歷史上，經濟帝國圍繞特定城市（Carthage，Rome，Rome，Venice，Wenice，London和New York）鞏固了圍繞著金融和貿易活動的中心樞紐。在數字時代，他聲稱比特幣在網絡空間中佔有類似的位置。根據Saylor的說法，比特幣正在成為全球司法管轄區（包括新加坡，巴黎和中國）的數字應用和匯款的主要網絡。

He further stated that the value of Bitcoin lies not in its price but in the strength of the network it supports. With a fixed supply of 21 million coins and a structure backed by over 400 exahashes of computational power, Bitcoin is now considered the most secure and resilient computer network in existence.

他進一步指出，比特幣的價值不是其價格，而是其支持的網絡的實力。現在，比特幣固定供應2100萬個硬幣，並得到400多個計算能力的支持，現在被認為是現有的最安全和最有彈性的計算機網絡。

Global Wealth Shift: From Traditional Assets to Bitcoin

全球財富轉移：從傳統資產到比特幣

Saylor went on to note that there are roughly $950 trillion in global assets—including real estate, bonds, equities, and gold—which carry a large monetary premium. He argued that a portion of this capital is stored in less productive assets that are used to store value.

Saylor繼續指出，全球資產大約有950萬億美元的資產，包括房地產，債券，股票和黃金，攜帶了巨大的貨幣溢價。他認為，這一資本的一部分存儲在用於存儲價值的生產力較低的資產中。

Gold, for instance, has underperformed relative to Bitcoin over the past two years. From his view, as investors recognize this relative performance, they may shift away from these traditional assets and put more capital into Bitcoin.

例如，在過去兩年中，黃金相對於比特幣的表現不佳。從他看來，隨著投資者認識到這種相對的表現，他們可能會從這些傳統資產中轉移，並將更多的資本投入比特幣。

Citing historical trends, he observed that investing in New York real estate a century after the city’s economic rise would still have yielded significant value. Applying that same logic, he suggested that Bitcoin remains a viable long-term acquisition, even for new participants entering the market today.

他援引歷史趨勢，觀察到，在紐約經濟上升後的一個世紀，在紐約房地產投資仍將帶來巨大的價值。他使用同樣的邏輯，建議比特幣仍然是可行的長期收購，即使對於今天進入市場的新參與者也是如此。

Bitcoin as Premium ‘Digital Real Estate’; Altcoins Likened to Penny Stocks

比特幣為高級“數字房地產”；山寨幣比作一分錢的股票

Saylor went on to compare Bitcoin to physical real estate, arguing that just as investors prefer premium property in major cities, Bitcoin represents digital real estate in the most established and secure part of cyberspace. In this context, he likened most speculative altcoins to penny stocks—appealing perhaps for their low cost but, in his assessment, lacking in long-term value and fundamental network integrity when compared to Bitcoin.

Saylor繼續將比特幣與物理房地產進行比較，認為就像投資者更喜歡主要城市的高級財產一樣，比特幣代表了網絡空間中最確定和安全的一部分數字房地產。在這種情況下，他將最投機性的山寨幣比作一分錢的股票，也許是因為它們的低成本，但在評估中，與比特幣相比，他缺乏長期價值和基本網絡完整性。