比特幣飆升：這次反彈能否保持穩定？

在投資界持續熱情的推動下，週三比特幣再次上漲。儘管週二下跌 6%，但加密貨幣仍上漲 6.8%。以太幣也飆升 9.8%，達到 2022 年 1 月以來的最高水平。這一上漲歸因於對美國現貨交易所交易加密產品的投資增加以及對全球利率下降的預期。

Is Bitcoin's Rally Here to Stay?

比特幣的漲勢會持續下去嗎？

Bitcoin and ether extended their ascent on Wednesday, with ether reaching new heights. Despite volatility, Bitcoin continues to surge, prompting questions about the sustainability of its rally.

比特幣和以太幣週三繼續上漲，以太幣達到新高。儘管存在波動，但比特幣仍在繼續飆升，引發人們對其反彈可持續性的質疑。

What's Driving Bitcoin's Momentum?

是什麼推動了比特幣的發展動能？

Investors' enthusiasm for U.S. spot crypto ETFs and the prospect of lower interest rates have fueled Bitcoin's 55% surge this year. Lennix Lai, OKX's global chief commercial officer, attributes the trend to increasing mainstream acceptance and upcoming events like the ethereum upgrade and Bitcoin "halving."

投資者對美國現貨加密 ETF 的熱情以及較低利率的前景推動了比特幣今年飆升 55%。 OKX 全球首席商務官 Lennix Lai 將這一趨勢歸因於主流接受度的提高以及以太坊升級和比特幣「減半」等即將發生的事件。

Institutional Involvement: A Game-Changer?

機構參與：遊戲規則改變者？

The approval of spot Bitcoin ETFs by the SEC marked a turning point. Institutional investors, once hesitant due to volatility, are now allocating long-term capital, potentially providing stability to the rally.

美國證券交易委員會批准現貨比特幣 ETF 標誌著一個轉捩點。機構投資者曾經因波動而猶豫不決，現在正在配置長期資本，這可能為股市上漲提供穩定性。

Ether's Impressive Performance

以太坊令人印象深刻的表現

Ether has also benefited from Bitcoin's momentum, rising over 60% year-to-date. Despite its size, it remains closely tied to Bitcoin's trajectory and shares in its recent gains.

以太幣也受益於比特幣的勢頭，今年迄今上漲了 60% 以上。儘管規模龐大，但它仍然與比特幣的軌跡和近期漲幅密切相關。

Can Speculation Be Avoided?

可以避免投機嗎？

The recent price swings, including Bitcoin's sharp decline on Tuesday, raise concerns about the speculative nature of crypto assets. Matt Simpson of City Index compares it to a "pump and dump" scenario, where price spikes attract short-term traders who later liquidate, causing volatility.

最近的價格波動，包括比特幣週二的大幅下跌，引發了人們對加密資產投機性質的擔憂。 City Index 的 Matt Simpson 將其與「拉高拋售」的情況進行了比較，即價格飆升吸引了短期交易者，他們隨後清算，從而導致波動。

Bitcoin's Real Value: Overinflated or Undervalued?

比特幣的真實價值：過度膨脹還是低估？

Deutsche Bank's Jim Reid notes that Bitcoin is still below its all-time high in inflation-adjusted terms. He suggests that its current price, calculated in today's dollars, should be around $75,000 to match the previous peak.

德意志銀行的吉姆·里德指出，以通膨調整後的價格計算，比特幣仍低於歷史高點。他建議，以今天的美元計算，其當前價格應在 75,000 美元左右，與之前的峰值持平。

Conclusion

結論

Bitcoin's rally has been driven by various factors, including increased adoption, institutional support, and expectations of upcoming events. However, the speculative nature of these assets and the potential for abrupt price reversals remain concerns. As investors consider the long-term prospects of Bitcoin and its peers, they must carefully weigh the risks and potential rewards.

比特幣的上漲是由多種因素推動的，包括採用率的增加、機構的支持以及對即將發生的事件的預期。然而，這些資產的投機性質和價格突然逆轉的可能性仍然令人擔憂。當投資者考慮比特幣及其同類產品的長期前景時，他們必須仔細權衡風險和潛在回報。