比特幣成為科技泰坦馴服者，在價值運作中超越巨頭

比特幣在過去 10 年的卓越表現超越了科技巨頭亞馬遜、谷歌和 Netflix。儘管比特幣出現的時間相對較晚，但其價值已從 2014 年的 378 美元飆升至如今的 61,500 美元，在投資回報方面超過了除 Nvidia 以外的所有股票。

Bitcoin Surges Past Tech Giants as the Preeminent Crypto Token

比特幣超越科技巨頭，成為卓越的加密代幣

In the realm of digital finance, Bitcoin (BTC) has emerged as a formidable competitor to the behemoths of the technology industry. Despite its relatively recent inception, dating back to 2009, BTC has consistently outperformed the stocks of tech giants such as Amazon, Google, and Netflix over the past decade.

在數位金融領域，比特幣（BTC）已成為科技業巨頭的強大競爭對手。儘管比特幣的誕生時間相對較晚，可以追溯到 2009 年，但在過去十年中，比特幣的表現一直優於亞馬遜、谷歌和 Netflix 等科技巨頭的股票。

As of the close of 2014, a single BTC was valued at approximately $378. Since then, the cryptocurrency market has witnessed significant fluctuations, including a recent downturn that culminated in BTC trading at $61,500 per token, a 16% decrease from its all-time high of $72,276, as per CoinMarketCap data.

截至 2014 年收盤，單一 BTC 的價值約為 378 美元。此後，加密貨幣市場出現了大幅波動，根據 CoinMarketCap 的數據，最近的一次低迷導致 BTC 交易價格達到每枚 61,500 美元，比歷史最高點 72,276 美元下跌了 16%。

Bitcoin's Superior Performance in the Tech Investment Landscape

比特幣在科技投資領域的卓越表現

An analysis of data from TradingView reveals that Bitcoin's performance over the past decade has surpassed all major tech stocks except for GPU manufacturer Nvidia. Nvidia's stock, NVDA, has yielded a remarkable cumulative return of 17,797%, while Bitcoin has generated an impressive 12,464%.

TradingView 的數據分析顯示，過去十年比特幣的表現已經超越了除 GPU 製造商 Nvidia 之外的所有主要科技股。英偉達的股票 NVDA 的累積回報率高達 17,797%，而比特幣的累積回報率高達 12,464%，令人印象深刻。

Trailing Nvidia, semiconductor producer Advanced Micro Devices (AMD) occupies the third position with a stock price surge of 3,335%. Elon Musk's Tesla (TSLA) ranks fourth, boasting a 1,200% increase in stock value. Amazon, led by Jeff Bezos, rounds out the top five with a 1,063% gain. Other notable Silicon Valley players featured in the rankings include Netflix (NFLX), Apple (APPL), Meta (META), and Google (GOOG).

半導體生產商 Advanced Micro Devices (AMD) 落後 Nvidia，位居第三，股價飆升 3,335%。馬斯克 (Elon Musk) 的特斯拉 (TSLA) 排名第四，股價上漲 1,200%。傑夫貝佐斯 (Jeff Bezos) 領導的亞馬遜以 1,063% 的漲幅躋身前五名。其他排名中的著名矽谷公司包括 Netflix (NFLX)、蘋果 (APPL)、Meta (META) 和Google (GOOG)。

The Impact of Bitcoin Halving and Future Prospects

比特幣減半的影響與未來前景

In May 2020, Bitcoin underwent a hardcoded on-chain adjustment programmed by its enigmatic creator, Satoshi Nakamoto. This adjustment halved the block mining rewards by 50%, putting pressure on miners' revenue streams. The halving mechanism serves to maintain Bitcoin's scarcity by curtailing token inflation, introducing a new dynamic into the market.

2020 年 5 月，比特幣經歷了由其神秘創造者中本聰編程的硬編碼鏈上調整。這項調整將區塊挖礦獎勵減少了50%，對礦工的收入帶來了壓力。減半機制旨在透過抑制代幣通膨來維持比特幣的稀缺性，從而為市場引入新的動力。

Historically, the Bitcoin halving has been followed by a market lull, with prices remaining stagnant for a period before resuming their upward trajectory. While some speculators have suggested that this trend may deviate during the current cycle, industry experts emphasize that the long-term impact of the halving outweighs short-term price fluctuations.

從歷史上看，比特幣減半後會出現市場平靜期，價格在恢復上漲軌跡之前會停滯一段時間。儘管一些投機者認為這一趨勢在當前週期可能會出現偏差，但業內專家強調，減半的長期影響超過了短期價格波動。

In the wake of the halving, Bitcoin miners are faced with the imperative to adopt more energy-efficient methods and hedge their operations to offset rising costs. Stronghold Digital Mining, one such mining company, is exploring various options, including the potential sale of its business, to maintain financial viability.

減半後，比特幣礦商面臨著採取更節能的方法並對沖其營運以抵消成本上升的迫切需求。 Stronghold Digital Mining 是此類礦業公司之一，它正在探索各種選擇，包括可能出售其業務，以維持財務生存能力。

A growing concern raised by Peter M. Moricz, Lead of DCL.Hyperlink Partnerships, is the issue of mining centralization. As companies consolidate and potential mergers emerge, the risk of government influence increases, posing a significant challenge for the Bitcoin ecosystem.

DCL.Hyperlink Partnerships 負責人 Peter M. Moricz 提出的一個日益令人擔憂的問題是挖礦集中化問題。隨著公司整合和潛在合併的出現，政府影響力的風險增加，對比特幣生態系統構成重大挑戰。

Despite these concerns, seasoned financial market veteran Moricz maintains his belief in the inevitability of higher BTC prices, dismissing the skepticism of some Wall Street stalwarts. He asserts that the Bitcoin ETF has accelerated price action, although it is likely to follow a historical pattern of lower price movements compared to previous halving cycles.

儘管有這些擔憂，經驗豐富的金融市場資深人士莫里茲仍然相信比特幣價格上漲是不可避免的，駁斥了一些華爾街堅定人士的懷疑態度。他斷言，比特幣 ETF 已經加速了價格走勢，儘管與先前的減半週期相比，它可能會遵循價格走勢較低的歷史模式。

Conclusion

結論

The resounding success of Bitcoin as the preeminent crypto token is a testament to its enduring appeal and disruptive potential in the financial landscape. Its outperformance of tech giants underscores its value proposition as a long-term investment and a hedge against the risks associated with traditional markets. As Bitcoin navigates the challenges posed by the halving and evolving regulatory frameworks, its future trajectory remains both compelling and uncertain. However, one thing is clear: Bitcoin has established its place as a force to be reckoned with in the world of digital finance.

比特幣作為卓越的加密代幣的巨大成功證明了其在金融領域的持久吸引力和顛覆性潛力。它對科技巨頭的優異表現凸顯了其作為長期投資和對沖傳統市場相關風險的價值主張。隨著比特幣應對減半和不斷變化的監管框架帶來的挑戰，其未來的軌跡仍然既引人注目又不確定。然而，有一點是明確的：比特幣已經確立了其在數位金融世界中不可忽視的力量的地位。