隨著市場波動，比特幣減半迫在眉睫：專家評估長期影響

距離萬眾期待的比特幣減半還有不到三週的時間，加密市場正在經歷一段動盪期，導致比特幣價值下跌 12%。 Michael Saylor 等知名人士敦促投資者著眼於長期，並相信減半將使礦工的區塊獎勵減少一半，從而加劇稀缺性並可能推高價格。然而，受更廣泛經濟因素影響，當前市場低迷給市場帶來了不確定性，專家警告說，宏觀經濟狀況可能會削弱看漲勢頭。

Bitcoin Halving Looms Amid Market Turbulence: Experts Weigh Long-Term Impact

市場動盪中比特幣減半迫在眉睫：專家權衡長期影響

With less than three weeks until the highly anticipated Bitcoin halving, the crypto market is bracing for a period of potential volatility. Despite a recent downturn that has seen Bitcoin (BTC) shed over 12% of its value, prominent figures like Michael Saylor, founder of MicroStrategy and a vocal Bitcoin advocate, are urging investors to focus on the long-term outlook.

距離備受期待的比特幣減半還有不到三週的時間，加密市場正準備迎接潛在的波動期。儘管最近的經濟低迷導致比特幣 (BTC) 價值縮水超過 12%，但 MicroStrategy 創始人兼比特幣倡導者 Michael Saylor 等知名人士仍在敦促投資者關注長期前景。

Market Turbulence: A Temporary Blip?

市場動盪：暫時的現象？

The recent market downturn, which has seen Bitcoin dip below $66,000 for the first time since March, has raised concerns among some investors. The downturn comes amidst broader market anxieties, including rising interest rates and the looming threat of a global recession.

最近的市場低迷導致比特幣自 3 月以來首次跌破 66,000 美元，引起了一些投資者的擔憂。這次經濟衰退發生在更廣泛的市場焦慮之中，包括利率上升和全球衰退迫在眉睫的威脅。

Despite these concerns, Saylor remains optimistic about Bitcoin's long-term potential, reiterating his belief in its staying power in the face of market volatility. "Bet on the future. #Bitcoin," he tweeted earlier this month.

儘管有這些擔憂，塞勒仍然對比特幣的長期潛力持樂觀態度，並重申他相信比特幣在面對市場波動時仍具有持久力。 「押注未來。#Bitcoin，」他本月稍早發推文。

Bitcoin as Digital Property: A Paradigm Shift

比特幣作為數位財產：典範轉移

Saylor has consistently emphasized the need to reframe Bitcoin as digital property rather than currency. "It's an unfortunate historical artifact that people refer to it as currency or digital currency. It's not a digital money," he explained in an interview with CNBC in March. "It's digital property."

塞勒一直強調有必要將比特幣重新定義為數位財產而不是貨幣。 「人們稱之為貨幣或數位貨幣，這是一個不幸的歷史文物。它不是數位貨幣，」他在 3 月接受 CNBC 採訪時解釋道。 “這是數位財產。”

This distinction is important because it highlights Bitcoin's unique characteristics as a store of value. Unlike traditional currencies, Bitcoin is not subject to inflation or monetary policy decisions. Its value is determined by market forces and its inherent properties, including its scarcity and decentralized nature.

這種差異很重要，因為它凸顯了比特幣作為價值儲存手段的獨特特徵。與傳統貨幣不同，比特幣不受通貨膨脹或貨幣政策決定的影響。它的價值由市場力量及其固有屬性決定，包括其稀缺性和去中心化性質。

Halving Event: A Supply Squeeze

減半事件：供應緊張

Scheduled for around April 20, the upcoming Bitcoin halving event is a pivotal moment in its history. This pre-programmed mechanism will cut the block reward for miners, those who validate Bitcoin transactions, by half. Currently, miners receive 6.25 BTC per block; post-halving, this will fall to 3.125 BTC.

即將到來的比特幣減半事件定於 4 月 20 日左右舉行，這是其歷史上的關鍵時刻。這種預先編程的機制將使礦工（驗證比特幣交易的人）的區塊獎勵減少一半。目前，礦工每個區塊可獲得 6.25 BTC；減半後，這一數字將降至 3.125 BTC。

The significance of the halving lies in Bitcoin's capped supply of 21 million coins. With fewer new coins entering circulation, scarcity is expected to intensify. Historically, such events have coincided with price surges as demand for the limited supply of crypto outpaces the reduced influx.

這次減半的意義在於比特幣的供應量上限為2,100萬枚。隨著新硬幣進入流通領域的減少，稀缺性預計將加劇。從歷史上看，此類事件與價格飆升同時發生，因為對有限的加密貨幣供應的需求超過了流入量的減少。

Crypto Scarcity vs. Volatility: A Balancing Act

加密貨幣稀缺性與波動性：平衡之舉

While the halving event holds promise for bolstering Bitcoin prices in theory, the prevailing market downturn introduces a layer of uncertainty. Despite the optimistic outlook surrounding halving events historically, crypto experts caution that the bullish momentum may be tempered by broader economic conditions.

雖然理論上減半事件有望提振比特幣價格，但當前的市場低迷帶來了一層不確定性。儘管歷史上圍繞著減半事件的前景樂觀，但加密貨幣專家警告說，看漲勢頭可能會受到更廣泛的經濟狀況的影響。

Escalating interest rates and the looming specter of a global recession are weighing on investor sentiment, potentially prolonging the downward trajectory of Bitcoin's price. As market participants grapple with the confluence of these factors, the extent of the halving's impact remains uncertain, highlighting the intricate interplay between macroeconomic trends and the cryptocurrency market.

不斷上升的利率和迫在眉睫的全球衰退幽靈正在打壓投資者的情緒，可能會延長比特幣價格的下行軌跡。當市場參與者努力應對這些因素的綜合影響時，減半的影響程度仍然不確定，凸顯了宏觀經濟趨勢與加密貨幣市場之間錯綜複雜的相互作用。

Beyond the Halving: A Long-Term Outlook

減半後：長期展望

The long-term outlook for Bitcoin hinges not just on the halving but also on factors like regulation and mainstream adoption. Regulatory clarity from governments could be a game-changer, fostering trust and encouraging institutional investment. Additionally, the integration of Bitcoin into traditional financial instruments like ETFs, as Saylor suggests, could significantly broaden its appeal.

比特幣的長期前景不僅取決於減半，還取決於監管和主流採用等因素。政府明確的監管可能會改變遊戲規則，促進信任並鼓勵機構投資。此外，正如塞勒所說，將比特幣整合到 ETF 等傳統金融工具中，可以顯著擴大其吸引力。

While the short-term outlook for the crypto market remains uncertain, investors with a long-term perspective may be well-served to consider the potential upside of Bitcoin's transformative properties and the upcoming halving event. As Saylor himself has stated, "The future is not clear, but it certainly looks like a brighter one with Bitcoin."

儘管加密貨幣市場的短期前景仍不確定，但具有長遠眼光的投資者可能會更好地考慮比特幣變革性特性和即將到來的減半事件的潛在上行空間。正如塞勒本人所說，“未來尚不清楚，但比特幣的未來看起來肯定更加光明。”