Blockstream的首席執行官亞當·Back（Adam Back

由RA Samson。 Back表示，在最近接受比特幣金融服務公司Unchained的採訪中，賠率與試圖計時市場的交易者相處。

Adam Back, CEO of Blockstream and one of Bitcoin's earliest adopters, likened selling Bitcoin to "playing in a really bad house-rate casino," in a recent interview with Bitcoin financial services firm Unchained.

Adam Back是Blockstream的首席執行官，也是比特幣最早採用者之一，在最近接受比特幣金融服務公司的採訪中，將賣比特幣與“在一個非常糟糕的房屋成績賭場”相比。

The billionaire came to this conclusion in the early days of Bitcoin, he said, when the price "was going up basically exponentially but it [was] extremely volatile."

他說，億萬富翁在比特幣的早期就得出了這一結論，當時價格“基本上是指數級上漲，但這非常波動”。

"So [...] if you see something that’s going up exponentially but with volatility, if you sell it to time the market a bit falling, the odds are against you," Back said, adding:

“所以[...]如果您看到的是指數呈指數上升的東西，但是隨著波動性，如果您將其出售到時間，市場有些下降，機率是不利的，” Back說，補充說：

"It’s like playing in a really bad house-rate casino if you’re continually betting on red and it comes up red, but then eventually it’s going to come up black. So if you try and time the market on something that’s got a huge exponential move, you’re going to get wiped out."

“如果您不斷押注紅色並且會出現紅色，這就像在一個非常糟糕的房屋成績賭場玩，但最終它將變成黑色。因此，如果您嘗試將市場的市場計時，那是一個巨大的指數舉動，您將被消滅。”

Bitcoin is known for its extreme volatility and heightened bull-bear market cycles. It has seen multiple corrections above 80%, which may test the stomach of many investors and believers.

比特幣以其極端的波動性和增強的牛頭市場週期而聞名。它看到了80％以上的多次更正，這可能會測試許多投資者和信徒的胃。

However, those who have remained steadfast through the ups and downs have been rewarded: In the last 10 years, BTC has had a total return of over 39,000%.

但是，那些在跌宕起伏一直堅定不移的人得到了回報：在過去的10年中，BTC的總回報率超過39,000％。

"I think anything that has a really rapid growth curve ends up with some pretty extreme volatility until it gets closer to full adoption," Back said.

Back說：“我認為任何具有真正快速增長的曲線的東西都以非常極端的波動性最終到達完全採用為止。”

According to the billionaire, several factors could support further upward price momentum.

根據億萬富翁的說法，幾個因素可以支持進一步的上價勢頭。

He noted that companies like Strategy are not only acquiring Bitcoin but also offering indirect exposure through instruments such as convertible notes.

他指出，像策略這樣的公司不僅可以獲取比特幣，而且還通過可轉換票據等工具提供間接的風險。

Another contributing factor is the growing institutional interest in Bitcoin, including investments by sovereign wealth funds. He cited Abu Dhabi's $408.5 million stake in BlackRock's Bitcoin ETF.

另一個原因是對比特幣的機構興趣不斷增長，包括主權財富基金的投資。他引用了阿布扎比在貝萊德（Blackrock）的比特幣ETF中的4.085億美元股份。

Finally, government entities are starting to venture into crypto. US President Donald Trump issued an executive order to establish a strategic Bitcoin reserve, while the US state of New Hampshire's governor recently signed such a reserve into law. Texas lawmakers recently passed a bill allowing that state to create a state Bitcoin reserve.

最後，政府實體開始冒險進入加密貨幣。美國總統唐納德·特朗普（Donald Trump）發布了一項行政命令，以建立戰略比特幣儲備，而美國新罕布什爾州州長最近將這樣的儲備簽署為法律。德克薩斯州議員最近通過了一項法案，允許該州創建州比特幣儲備。