为什么我像没有明天一样购买比特币

加密货币可以，但它们是有风险的。尽管为这些资产提供支持的区块链技术具有创新性，并且具有改变我们所知的金融业的潜力，但它们在未来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.

尽管加密货币具有吸引力，但其风险本质也不容忽视。鉴于区块链技术的创新潜力，这些资产在未来的作用仍然不确定。

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，有一种加密货币已经确立了自己的地位，为投资者提供了最安全的加密货币市场最佳机会。这就是为什么我积极购买比特币（BTC -0.17%），就像没有明天一样。

1. The halving effect

1、减半效应

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.

比特币于 4 月 19 日经历了第四次减半。大约每四年发生一次，这些减半构成了比特币稳健货币政策的关键，该政策优先考虑通过将通货膨胀率削减一半来保持稀缺价值。随着第四次减半现已完成，比特币的通胀率目前仅为 0.85%。这使得它的通胀率低于许多人认为的最佳保值手段和通胀对冲工具：黄金。

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.

从长远来看，很容易看出通货膨胀率的持续下降将如何有利于比特币的价格增长。如果对加密货币的需求继续增加，其不断下降的通货膨胀率将对其有限的 2100 万枚加密货币供应带来更大压力。将这些因素结合起来，你就拥有了价格升值的完美秘诀。

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%.

即使在短期内，减半的影响也使比特币成为当今可行的投资。在减半发生的年份里，比特币平均增长 125%。从今年年初开始计算，其价格将略高于 100,000 美元，这意味着即使其价格约为 65,000 美元，今天仍有丰厚的回报潜力。然而，比特币所能提供的最好的结果通常会在减半后的一年内实现。从历史上看，这些年里，比特币的涨幅超过了400%。

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

2. 最大的机构利益和在金融领域最明确的作用

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.

在比特币存在的大部分时间里，它的崛起都是由散户投资者推动的。但现在情况即将发生变化。随着现货比特币ETF的批准，拥有大量资金储备的机构投资者可以轻松投资加密货币。现在，华尔街的大佬们已经到来，这可能会给比特币的有限供应带来更大的压力，而这种压力可能是比特币自诞生以来从未见过的。

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.

与半相关的是，比特币甚至获得现货 ETF 的批准这一事实表明了市场目前对其及其在金融领域的作用的看法。例如，让我们考虑一下第二大最有价值的加密货币以太坊（加密货币：ETH）正处于 ETF 批准的激烈辩论中，因为监管机构试图确定它是一种证券还是一种商品。如果这场对话是针对以太坊进行的，那么您可以保证所有其他加密货币都会以类似的方式受到质疑。

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.

现在，我将第一个承认，仅仅因为美国证券交易委员会（SEC）认为加密货币是一种证券，并不意味着它是特定区块链的终结。这些资产大部分都是相当去中心化的，即使美国证券交易委员会提起诉讼，它们也将继续运营。请记住，加密货币在国际上交易，不受任何特定国家/地区法律的约束。

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，市场不喜欢立法风险的想法。这就是为什么比特币如今是一种安全的投资。 SEC 已将其视为商品，超出其控制范围。这赋予了它独特的持久力，并增加了一层保证，使其不会受到监管审查的阻碍。

3. In a class of its own

3. 独树一帜

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.

同样，比特币引起了巨大的机构兴趣，并且由于其核心特征而在金融领域具有如此明确的地位，这使得它与几乎所有其他加密货币相比都是独一无二的。

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.

当您投资比特币时，您投资的是市场上最去中心化、最安全且经过验证的加密货币。没有一个单独的组织来监督其运营。我们甚至不知道是谁创造了它。我们所知道的是，它的创建者化名为中本聪，现已消失。

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.

没有其他加密货币可以做到这一点。几乎所有其他加密货币都有一个已知的创建者和一个维护其功能的开发团队，这使得它们更有可能处于 SEC 的管辖范围内。

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，过去 15 年里，比特币或多或少以其原始形式运行，没有任何核心人物或权威。换句话说，即使 SEC 想对比特币采取行动，它也不能。它会起诉谁？比特币的创造者无人知晓，它运行在最去中心化的网络上，在全球拥有数千个节点。

Final thoughts

最后的想法

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

当你把所有这些加起来时，我敢说，投资比特币从来没有一个糟糕的时机。有比其他人更好的时光吗？当然。在加密货币冬天的深处进行投资应该会比在顶部进行投资带来更好的回报。然而，数据