Blockstream的首席执行官亚当·Back（Adam Back

由RA Samson。 Back表示，在最近接受比特币金融服务公司Unchained的采访中，赔率与试图计时市场的交易者相处。

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的首席执行官，也是比特币最早采用者之一，在最近接受比特币金融服务公司的采访中，将卖比特币与“在一个非常糟糕的房屋成绩赌场”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."

他说，亿万富翁在比特币的早期就得出了这一结论，当时价格“基本上是指数级上涨，但这非常波动”。

"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[...]如果您看到的是指数呈指数上升的东西，但是随着波动性，如果您将其出售到时间，市场有些下降，几率是不利的，” Back说，补充说：

"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."

“如果您不断押注红色并且会出现红色，这就像在一个非常糟糕的房屋成绩赌场玩，但最终它将变成黑色。因此，如果您尝试将市场的市场计时，那是一个巨大的指数举动，您将被消灭。”

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.

比特币以其极端的波动性和增强的牛头市场周期而闻名。它看到了80％以上的多次更正，这可能会测试许多投资者和信徒的胃。

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坚定不移的人得到了回报：在过去的10年中，BTC的总回报率超过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说：“我认为任何具有真正快速增长的曲线的东西都以非常极端的波动性最终到达完全采用为止。”

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

根据亿万富翁的说法，几个因素可以支持进一步的上价势头。

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，像策略这样的公司不仅可以获取比特币，而且还通过可转换票据等工具提供间接的风险。

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.

另一个原因是对比特币的机构兴趣不断增长，包括主权财富基金的投资。他引用了阿布扎比在贝莱德（Blackrock）的比特币ETF中的4.085亿美元股份。

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.

最后，政府实体开始冒险进入加密货币。美国总统唐纳德·特朗普（Donald Trump）发布了一项行政命令，以建立战略比特币储备，而美国新罕布什尔州州长最近将这样的储备签署为法律。德克萨斯州议员最近通过了一项法案，允许该州创建州比特币储备。