比特幣減半標誌著新時代，迎來第四次減發

比特幣於2023 年4 月23 日進行了第四次減半，將每日新增比特幣數量減少了一半，這一機制旨在到2140 年將總供應量限制在2100 萬枚。減半，但比特幣的價格仍保持穩定，分析師表示該事件已經發生由市場因素決定。投資者希望獲得長期收益，因為先前的減半歷史上曾導致價格大幅上漲。

Bitcoin Halving Event: Fourth Reduction in Issuance Ushers in New Era

比特幣減半事件：第四次減發開啟新時代

London, United Kingdom - Bitcoin (BTC), the world's preeminent cryptocurrency, has recently experienced its fourth halving event, a pivotal milestone in its monetary policy. Occurring approximately every four years, halvings are designed to constrict the issuance of new Bitcoin by diminishing the block reward earned by miners by half. This intrinsic mechanism is embedded within Bitcoin's code to limit the total supply to 21 million units by the year 2140.

英國倫敦 - 世界上最傑出的加密貨幣比特幣（BTC）最近經歷了第四次減半事件，這是其貨幣政策的關鍵里程碑。減半大約每四年發生一次，旨在透過將礦工獲得的區塊獎勵減少一半來限制新比特幣的發行。這種內在機制嵌入比特幣程式碼中，到 2140 年將總供應量限制在 2,100 萬單位。

On April 23, 2023, the most recent halving event transpired, halving the daily issuance of Bitcoin from 900 to a mere 450 coins. This follows prior halving events in 2012, 2016, and 2020. Despite this significant development, Bitcoin's price remained relatively stable at $63,747 (£51,531), as financial analysts speculate that the halving's impact was largely anticipated by the market.

2023 年 4 月 23 日，發生了最近一次減半事件，比特幣的每日發行量從 900 個減半至僅 450 個。這是在2012 年、2016 年和2020 年發生的減半事件之後發生的。程度上已經預料到了減半的影響。

Historical evidence suggests that halving events often culminate in substantial price appreciation. For instance, following the May 2020 halving, when Bitcoin traded around $8,600, it skyrocketed to over $56,000 within a year. However, Andrew O'Neill, a cryptocurrency expert at S&P Global, cautions against making definitive price predictions based solely on past halvings. He asserts that the halving is merely one of several factors that influence Bitcoin's price trajectory.

歷史證據表明，減半事件往往最終導致價格大幅上漲。例如，2020 年 5 月減半後，比特幣交易價格約為 8,600 美元，一年內飆升至 56,000 美元以上。然而，標準普爾全球加密貨幣專家安德魯·奧尼爾警告不要僅根據過去的減半做出明確的價格預測。他聲稱，減半只是影響比特幣價格軌跡的幾個因素之一。

In March 2023, Bitcoin reached an all-time high of $73,803 (£59,661), marking a 175% surge over the preceding 12 months. The cryptocurrency's legitimacy was further bolstered in January when Exchange-Traded Funds (ETFs) backed by Bitcoin were approved for trading on the US stock exchange.

2023 年 3 月，比特幣達到歷史新高 73,803 美元（59,661 英鎊），較前 12 個月飆升 175%。一月份，當由比特幣支持的交易所交易基金（ETF）獲准在美國證券交易所交易時，加密貨幣的合法性得到了進一步增強。

Despite these milestones, the mainstream financial establishment continues to view Bitcoin as an inherently risky investment susceptible to dramatic and unpredictable price fluctuations. Bank of England Governor Andrew Bailey has cautioned that cryptocurrencies lack "intrinsic value" and that investors should be prepared to lose their entire investment. He also emphasized that crypto is "pretty inefficient" and has yet to emerge as a core financial service.

儘管取得了這些里程碑，主流金融機構仍然將比特幣視為一種本質上有風險的投資，容易受到劇烈且不可預測的價格波動的影響。英國央行行長安德魯貝利警告稱，加密貨幣缺乏“內在價值”，投資者應做好損失全部投資的準備。他還強調，加密貨幣“效率相當低”，尚未成為核心金融服務。

With over 19.5 million Bitcoin already mined, only 1.5 million remain to be extracted over the next 116 years. The halving mechanism, triggered every 210,000 "blocks," ensures a steady and controlled distribution of new Bitcoin into the market until the maximum supply is attained.

目前已開採超過 1,950 萬枚比特幣，未來 116 年內只剩下 150 萬枚有待開採。每 210,000 個「區塊」觸發一次減半機制，確保新比特幣穩定且受控地分配到市場，直到達到最大供應量。

The halving event has been accompanied by a surge in Bitcoin accumulation by miners, who anticipate that the token's value will appreciate over time, mitigating the impact of the reduced block reward. Additionally, transaction fees on the network have witnessed a significant decline post-halving.

減半事件伴隨著礦工累積的比特幣激增，他們預計代幣的價值將隨著時間的推移而升值，從而減輕區塊獎勵減少的影響。此外，減半後網路上的交易費用也大幅下降。

As Bitcoin's halving cycle continues to unfold, it remains to be seen how these dynamics will shape its future price trajectory. While some investors may harbor optimistic expectations based on historical trends, others remain wary of the inherent volatility associated with cryptocurrency markets.

隨著比特幣減半週期的持續展開，這些動態將如何塑造其未來的價格軌跡仍有待觀察。雖然一些投資者可能根據歷史趨勢抱持樂觀預期，但其他投資者仍然對與加密貨幣市場相關的固有波動保持警惕。