比特币的第四次减半：BTC可以达到450万美元吗？

比特币刚刚进入了一个新时代 - 其第四个减半周期，随之而来的是，人们对世界领先的加密货币的高度又一次提高。

Bitcoin has just entered a new era - its 4th halving cycle, and with it, speculation is once again rising over how high the world's leading cryptocurrency could go.

比特币刚刚进入了一个新时代 - 其第四次减半周期，随之而来的是，人们对世界领先的加密货币的高度越来越高。

A chart from Ecoinometrics visualizes Bitcoin's past halving cycles and explores the potential trajectory if this current cycle follows historical patterns.

来自生态计量学的图表可视化比特币过去将周期减半，并探讨了当前周期遵循历史模式的潜在轨迹。

Each Bitcoin halving reduces the reward miners receive, slowing the issuance of new BTC and tightening supply. Historically, this has preceded dramatic price increases.

每个比特币减少了奖励矿工所获得的奖励，从而减慢了新的BTC的发行和收紧供应。从历史上看，这已经提高了价格。

The chart starts this new halving cycle at $63,000, with potential outcomes projected based on the previous three cycles.

该图表以63,000美元的价格开始了这个新的减半周期，并根据前三个周期投影了潜在的结果。

While that upper range might seem extreme, Bitcoin's history is filled with unexpected surges - often far surpassing mainstream expectations.

虽然高范围似乎很极端，但比特币的历史充满了意外的潮流 - 通常超过主流期望。

The shaded blue region on the chart represents the average growth band based on prior cycles. So far, Bitcoin appears to be tracking in line with past behavior, maintaining upward momentum within the historical growth envelope.

图表上的阴影蓝色区域代表基于先前周期的平均生长带。到目前为止，比特币似乎正在与过去的行为保持一致，并在历史增长信封内保持向上的动力。

The wide range of possible outcomes underscores Bitcoin's volatile but powerful growth potential. Whether BTC reaches six figures or defies all predictions to approach seven figures, the post-halving cycle remains one of the most closely watched periods in crypto.

广泛的结果范围凸显了比特币的动荡但强大的增长潜力。 BTC是达到六个数字还是不违反所有预测以接近七个数字，在加密货币中，安排后周期仍然是最受关注的时期之一。

One thing is clear: Bitcoin has never been shy of surprises - and the next few years could be historic.

一件事很清楚：比特币从未避免惊喜 - 接下来的几年可能是历史性的。