在機構採用和技術創新的推動下，比特幣在 FUD 引發的懷疑情緒中持續存在

隨著比特幣進入牛市，由恐懼、不確定性和疑慮（通常稱為 FUD）引發的懷疑往往會重新浮現。批評者持續表達擔憂

As Bitcoin experiences bull markets, skepticism fueled by fear, uncertainty, and doubt (FUD) tends to resurface. Critics persistently voice concerns regarding Bitcoin's volatility, sustainability, and potential use in illicit activities. Despite being integrated into mainstream financial systems and gaining acceptance from institutional investors and politicians, criticism of Bitcoin remains, often focusing on its intrinsic value, energy consumption, and societal benefits.

隨著比特幣經歷多頭市場，由恐懼、不確定性和懷疑（FUD）引發的懷疑往往會重新浮現。批評者持續對比特幣的波動性、可持續性和非法活動的潛在用途表示擔憂。儘管比特幣已融入主流金融體系並獲得機構投資者和政治家的認可，但對比特幣的批評仍然存在，通常集中在其內在價值、能源消耗和社會效益上。

One prevalent argument against Bitcoin is its perceived lack of intrinsic value. Notable figures such as the late Charlie Munger and Warren Buffett have famously criticized Bitcoin, describing it as fundamentally worthless. They argue that since Bitcoin does not generate earnings or dividends, it lacks intrinsic value. Yet, Bitcoin’s scarcity and its characterization as “digital gold” continue to support its role as a valuable asset.

反對比特幣的一個普遍論點是它被認為缺乏內在價值。已故的查理·芒格和沃倫·巴菲特等著名人物都曾批評比特幣，稱其從根本上毫無價值。他們認為，由於比特幣不會產生收益或股息，因此它缺乏內在價值。然而，比特幣的稀缺性及其「數位黃金」的特性繼續支持其作為有價值資產的作用。

Some detractors liken Bitcoin to historical financial bubbles, comparing it to phenomena like the dot-com crash or the Dutch tulip mania. However, proponents argue that Bitcoin, unlike those bubbles, provides a robust digital store of value. Though initially critical, industry voices like JPMorgan’s Jamie Dimon have softened their stances over time. The bank has even shown interest in Bitcoin-related investments, such as spot Bitcoin ETFs and its own digital currency initiatives.

一些批評者將比特幣比喻為歷史上的金融泡沫，並將其與網路泡沫破裂或荷蘭鬱金香狂熱等現象進行比較。然而，支持者認為，與那些泡沫不同，比特幣提供了強大的數位價值儲存。儘管最初持批評態度，但隨著時間的推移，摩根大通的傑米·戴蒙(Jamie Dimon)等行業人士的立場已經軟化。該銀行甚至對比特幣相關投資表現出了興趣，例如現貨比特幣 ETF 及其自己的數位貨幣計劃。

Bitcoin’s role in illegal activities often draws ire, particularly from figures like US Senator Elizabeth Warren, who has labeled it as a potential tool for money laundering. Nonetheless, Bitcoin transactions are recorded on a transparent blockchain, making illicit activities easier to track than those conducted with cash. Tools designed to obscure Bitcoin transactions have emerged, but the transparency of blockchain technology continues to be a double-edged sword for illegal use.

比特幣在非法活動中的作用經常引起憤怒，尤其是美國參議員伊麗莎白·沃倫(Elizabeth Warren)等人士的憤怒，她將比特幣標記為潛在的洗錢工具。儘管如此，比特幣交易記錄在透明的區塊鏈上，使得非法活動比用現金進行的活動更容易追蹤。旨在掩蓋比特幣交易的工具已經出現，但區塊鏈技術的透明度仍然是非法使用的雙面刃。

The significant energy consumption of Bitcoin, attributed to its proof-of-work mechanism, is another point of criticism. As Bitcoin mining has grown, so has its energy footprint, which in some comparisons surpasses the electricity consumption of entire nations like Egypt. Nevertheless, the sector is increasingly turning to renewable energy sources, driven by the search for cheaper, sustainable alternatives.

比特幣由於其工作量證明機製而消耗大量能源，這是另一個批評點。隨著比特幣挖礦的成長，其能源足跡也在成長，在某些比較中超過了埃及等整個國家的電力消耗。儘管如此，在尋找更便宜、可持續的替代能源的推動下，該行業越來越多地轉向再生能源。

Technological advancements in quantum computing occasionally spur fears about potential threats to Bitcoin’s security. Some assert that breakthroughs in quantum computing could allow decryption of Bitcoin's security, but experts maintain that such advancements would target broader financial systems well before reaching Bitcoin. Adjustments to the Bitcoin protocol could also mitigate potential threats.

量子運算的技術進步有時會引發人們對比特幣安全潛在威脅的擔憂。有些人斷言，量子運算的突破可以解密比特幣的安全性，但專家堅持認為，這種進步將在到達比特幣之前針對更廣泛的金融系統。對比特幣協議的調整也可以減輕潛在的威脅。

The stability and transparency of Tether, a prominent stablecoin, represent another concern within the Bitcoin sphere. Accusations suggest that Tether has lacked proper backing and transparency, raising fears of market manipulation. While these concerns reverberate through the crypto market, some argue Bitcoin remains resilient, potentially more vulnerable to perceptions of instability than any actual market shifts.

Tether（一種著名的穩定幣）的穩定性和透明度代表了比特幣領域的另一個問題。指控顯示 Tether 缺乏適當的支持和透明度，引發了人們對市場操縱的擔憂。儘管這些擔憂在加密貨幣市場中引起反響，但有些人認為比特幣仍然具有彈性，可能比任何實際的市場變化更容易受到不穩定觀念的影響。

Although skeptics continually challenge Bitcoin's legitimacy, highlighting its perceived flaws, the digital currency perseveres, driven by ongoing institutional adoption, technological innovation, and a shift toward renewable energy in mining practices. As these debates rage on, Bitcoin continues adapting to a dynamic financial landscape while addressing its critics' concerns.

儘管懷疑論者不斷挑戰比​​特幣的合法性，強調其明顯的缺陷，但在持續的機構採用、技術創新以及採礦實踐中向可再生能源的轉變的推動下，數位貨幣仍然存在。隨著這些爭論的激烈進行，比特幣繼續適應動態的金融格局，同時解決批評者的擔憂。