购买比特币为时已晚吗？

他使用历史和经济类比，将加密货币的增长与纽约市这样的主要金融枢纽进行了比较，从而使智能资本如何在主导网络周围巩固了相似之处。

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“购买比特币为时已晚？”的问题时可能是加密新移民的想法，尤其是在最近的价格下跌中，MicroStrategy的策略执行董事长Michael Saylor以有趣的观点来做。

Is It Too Late to Buy Bitcoin?

购买比特币为时已晚吗？

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.

使用历史和经济类比，他将加密货币的增长与纽约市等主要金融枢纽的增长进行了比较，强调了智能资本如何吸引了占主导地位的网络。他的论点是，比特币正在成为网络空间的中央经济基础设施。

Bitcoin: The New York City of Cyberspace

比特币：纽约网络空间

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解释说，在整个历史上，经济帝国围绕特定城市（Carthage，Rome，Rome，Venice，Wenice，London和New York）巩固了围绕着金融和贸易活动的中心枢纽。在数字时代，他声称比特币在网络空间中占有类似的位置。根据Saylor的说法，比特币正在成为全球司法管辖区（包括新加坡，巴黎和中国）的数字应用和汇款的主要网络。

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.

他进一步指出，比特币的价值不是其价格，而是其支持的网络的实力。现在，比特币固定供应2100万个硬币，并得到400多个计算能力的支持，现在被认为是现有的最安全和最有弹性的计算机网络。

Global Wealth Shift: From Traditional Assets to Bitcoin

全球财富转移：从传统资产到比特币

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继续指出，全球资产大约有950万亿美元的资产，包括房地产，债券，股票和黄金，携带了巨大的货币溢价。他认为，这一资本的一部分存储在用于存储价值的生产力较低的资产中。

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，在过去两年中，黄金相对于比特币的表现不佳。从他看来，随着投资者认识到这种相对的表现，他们可能会从这些传统资产中转移，并将更多的资本投入比特币。

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.

他援引历史趋势，观察到，在纽约经济上升后的一个世纪，在纽约房地产投资仍将带来巨大的价值。他使用同样的逻辑，建议比特币仍然是可行的长期收购，即使对于今天进入市场的新参与者也是如此。

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

比特币为高级“数字房地产”；山寨币比作一分钱的股票

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继续将比特币与物理房地产进行比较，认为就像投资者更喜欢主要城市的高级财产一样，比特币代表了网络空间中最确定和安全的一部分数字房地产。在这种情况下，他将最投机性的山寨币比作一分钱的股票，也许是因为它们的低成本，但在评估中，与比特币相比，他缺乏长期价值和基本网络完整性。