持有比特币可以导致财富，但对于投资者而言，这个过程可能会感到沮丧

比特币上一周经历了一个动荡的，在5月23日的$ 111,800上空短暂攀升，然后在第二天的回调左右至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的专家说，握住比特币会在大多数时候感到沮丧，但是由于设计而定，随着时间的推移而逐渐增长。一个概念许多人仍在努力理解。

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.

阿波罗（Apollo）的联合创始人托马斯·法勒（Thomas Fahrer）提出了比特币的对数价格图表，该比特币覆盖了2011年至预计2031年的范围。该图表具有弯曲的趋势线，该趋势趋势线捕获了比特币的长期指数增长模式。

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.

比特币重新测试并尊重这条曲线的一些最值得注意的情况包括2015年2月的崩溃，BTC在其中获得了212美元的支持。另一个重大重新测试发生在2020年底，当时比特币触底了5,000美元。最近，在2022年市场恐慌中，比特币在2021年末达到67,000美元以上的峰值之后，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，尽管有这些时期的高波动性和校正期，但图表显示了比特币随着时间的推移保持一致的向上轨迹。从长远来看，对数量表通常用于具有指数增长的资产，有助于将比特币的价格动作背景。

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

该演示文稿与更广泛的叙述相吻合，即比特币虽然容易出现锐利的回调，但历史上在更长的时间范围内移动了更高。

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.

法勒谈到了这种韧性，强调了许多投资者面临的心理困难。他描述了尽管资产的历史回报，但持有比特币经常感到沮丧的90％。

Bitcoin’s Monetary Design Contrasted with Fiat Currency

比特币的货币设计与法定货币形成对比

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.

缩放比特币的货币模式，法勒将其与法定货币进行了对比。尽管美元和其他政府发行的货币增加了供应量并因通货膨胀而损失价值，但比特币的固定上限为2100万个硬币。其发行率每四年通过减半事件每四年下降，从而减少了进入流通的新硬币的数量。

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.

法勒将比特币描述为放气资金，旨在永久增加价值。他还指出，这个概念对于人类的思想仍然很难完全掌握。

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.

除了这种财务观点外，当卡尔·孟格（Carl Menger）分享了从2020年到2025年的购买力变化的视觉比较，在社交媒体平台X上闻名的比特币投资者，数据显示，由于通货膨胀，到2025年，以美元持有的100美元将下降到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年投资比特币的100美元将增长到1,201美元。这款并排快照展示了持有Fiat Money的不同结果，而与据称是像比特币这样的易位数字资产的结果。

Changing Perceptions of Wealth Creation

改变对财富创造的看法

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.

最后，金融扫盲作者罗伯特·基亚萨基（Robert Kiyosaki）向他的社交媒体追随者讲话，并指出比特币如何简化了财富的创造。他解释说，个人不再需要依靠像黄金这样的传统资产来积累财富。根据历史回报，即使在过去13年中对比特币进行了少量投资，也可以带来可观的收益。

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还解决了需要拥有完整比特币的普遍误解。他强调，在2010年，拥有最少的0.01 BTC可能会在2023年获得惊人的6,000％的回报。相比之下，在60年以上的股票市场上投资少量只能是初始投资的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.

从角度来看，基亚萨基（Kiyosaki）表示，到2023年，2010年的100美元比特币投资将增长到6,400美元。相比之下，1960年的标准普尔500年在标准普尔500号投资1,000美元将产生约150,000美元至200,000美元。