比特幣 (BTC) 如今仍然具有吸引力——原因如下

雖然這可能看起來平淡無奇，但安靜期實際上可能是買入的好時機。以下是比特幣如今仍具有吸引力的三個原因——不僅因為其近期潛力，還因為其無與倫比的長期價值。

Bitcoin (CRYPTO: BTC) has kicked off 2024 with a strong performance, but much of its gains came in the early part of the year. Since then, its momentum has cooled off a bit.

比特幣（CRYPTO：BTC）以強勁的表現拉開了 2024 年的序幕，但大部分收益都來自今年年初。從那時起，它的勢頭有所降溫。

While this may seem underwhelming, this quieter period could present an opportune time to buy. Here are three reasons Bitcoin remains a compelling buy today -- not just for its near-term potential, but also for its unmatched long-term value.

雖然這可能看起來平淡無奇，但這段安靜的時期可能是買入的好時機。以下是比特幣如今仍具有吸引力的三個原因——不僅因為其近期潛力，還因為其無與倫比的長期價值。

Bitcoin spot ETFs are gaining steam once againOne promising sign of potential for Bitcoin in the near term is the continued interest in spot Bitcoin ETFs. While this doesn't guarantee Bitcoin's next big move, spot ETFs have been a major catalyst for its price appreciation. During the early months of 2024, they were largely responsible for Bitcoin's initial surge, at one point buying up over 10 times the daily production rate of Bitcoin. This level of buying created fresh demand and drove Bitcoin's price to all-time highs.

比特幣現貨 ETF 再次獲得動力 近期比特幣潛力的一個有希望的跡像是人們對現貨比特幣 ETF 的持續興趣。雖然這並不能保證比特幣的下一個大動作，但現貨 ETF 一直是其價格升值的主要催化劑。在 2024 年初的幾個月裡，他們對比特幣的最初飆升負有主要責任，一度購買了比特幣日產量的 10 倍以上。這種購買水準創造了新的需求，並將比特幣的價格推至歷史新高。

ETF activity hit a plateau during the summer months, but interest has picked up again. For instance, BlackRock's iShare Bitcoin Trust (NASDAQ: IBIT) recorded $1.1 billion in net new cash inflows last week. That marks its best stretch since March 2024 and was enough to push it into territory that makes it the most successful ETF over the past four years when measured by assets under management.

ETF 活動在夏季達到穩定水平，但興趣再次回升。例如，貝萊德旗下的 iShare Bitcoin Trust（納斯達克股票代碼：IBIT）上週錄得 11 億美元的淨新現金流入。這是自 2024 年 3 月以來的最佳表現，足以將其推向新的領域，使其成為過去四年來以管理資產衡量最成功的 ETF。

If this trend in ETF buying activity continues, it could provide a strong tailwind for Bitcoin's price and set the stage for Bitcoin's next leg up, as we saw at the beginning of the year.

如果 ETF 購買活動的這種趨勢持續下去，它可能會為比特幣的價格提供強勁的推動力，並為比特幣的下一步上漲奠定基礎，正如我們在今年年初看到的那樣。

Post-halving performance bodes wellIn April 2024, Bitcoin experienced its most recent halving. Occurring roughly every four years, Bitcoin halvings reduce the rate at which new Bitcoin is produced by half. This reduction in supply typically triggers a supply shock that eventually drives up demand and, in turn, Bitcoin's price. Historically, years that include a halving event tend to bring significant price appreciation, with an average gain of around 100%.

減半後表現良好 2024 年 4 月，比特幣經歷了最近一次減半。比特幣減半大約每四年發生一次，使新比特幣的生產速度降低一半。供應的減少通常會引發供應衝擊，最終推高需求，進而推高比特幣的價格。從歷史上看，發生減半事件的年份往往會帶來顯著的價格上漲，平均漲幅約為 100%。

But it's the post-halving years that tend to produce the most impressive results. The full effects of the halving often take time to materialize as the market adjusts to the new, limited supply. On average, Bitcoin has seen a 350% gain during the year following each halving, making 2025 a particularly high-potential year. This historical trend, coupled with increased demand from spot Bitcoin ETFs, could set up Bitcoin for potentially impressive gains in the coming months. For investors looking to buy Bitcoin, 2024's post-halving setup could be the ideal entry point for capturing these future gains.

但減半後的幾年往往會產生最令人印象深刻的結果。隨著市場適應新的、有限的供應，減半的全部影響通常需要一段時間才能顯現出來。平均而言，比特幣在每次減半後的一年內都會上漲 350%，這使得 2025 年成為潛力特別大的一年。這一歷史趨勢，加上現貨比特幣 ETF 需求的增加，可能會讓比特幣在未來幾個月內獲得令人印象深刻的收益。對於希望購買比特幣的投資者來說，2024 年減半後的情況可能是捕捉這些未來收益的理想切入點。

Bitcoin's core value proposition remains intactWhile near-term factors may offer optimism, it's Bitcoin's long-term potential that really stands out for investors.

比特幣的核心價值主張保持不變雖然近期因素可能會帶來樂觀情緒，但對投資者來說真正引人注目的是比特幣的長期潛力。

At its core, Bitcoin is designed to be an inflation-resistant, decentralized, and finite asset -- qualities that are especially appealing in today's economic environment. As governments navigate record-breaking debt and inflation seems likely to stick around, Bitcoin's capped supply of 21 million coins offers a compelling alternative and a way to invest outside of traditional finance.

從本質上講，比特幣被設計為一種抗通膨、去中心化和有限的資產——這些品質在當今的經濟環境中特別有吸引力。隨著政府應對破紀錄的債務和通貨膨脹似乎可能持續存在，比特幣 2,100 萬枚的上限提供了一種令人信服的替代方案和傳統金融以外的投資方式。

From this perspective, there's arguably no "bad time" to buy Bitcoin. While certain times (like during bear market lows) have historically provided better entry points, Bitcoin's unique attributes make it a valuable asset in almost any market cycle. Consider that no Bitcoin holder who has maintained their investment for at least four years or more has ever realized a loss. That speaks to the cryptocurrency's resilience.

從這個角度來看，購買比特幣可以說沒有「糟糕的時機」。雖然某些時期（例如熊市低點期間）歷史上提供了更好的切入點，但比特幣的獨特屬性使其幾乎成為任何市場週期中的寶貴資產。考慮一下，沒有一個比特幣持有者維持投資至少四年或更長時間，從未意識到損失。這說明了加密貨幣的彈性。

For those who believe Bitcoin will transform the financial landscape, it presents a once-in-a-generation value proposition. Surging demand, driven by a combination of institutional adoption, macroeconomic trends, and technological advancements, points toward a clear, upward trajectory. At today's price of just under $70,000, Bitcoin could appear to be a screaming value in retrospect if it continues on its current path.

對於那些相信比特幣將改變金融格局的人來說，它提出了一個千載難逢的價值主張。在製度採用、宏觀經濟趨勢和技術進步的共同推動下，需求激增，指向一條清晰的上升軌跡。以今天略低於 7 萬美元的價格來看，如果比特幣繼續沿著目前的路徑發展，回想起來可能會顯得極具價值。