比特幣的獨特吸引力

比特幣是一項開創性的資產，將類似金的品質與可移植性和可分裂性等現代優勢相結合。它的價值源於其硬質供應和分散網絡

Bitcoin is a unique asset that combines the best qualities of gold with modern advantages like portability and divisibility, rendering it an ideal store of value for the 21st century. Its value is derived from its hard-capped supply, which is defined in the Bitcoin code and cannot be altered, and the decentralized network, which has never been hacked and has operated without downtime for 16 years. While Bitcoin lacks gold's historical track record, which spans thousands of years, this may suggest untapped growth potential rather than being a drawback.

比特幣是一種獨特的資產，將黃金的最佳品質與諸如可移植性和可分裂性等現代優勢相結合，使其成為21世紀的理想價值存儲。它的價值來自其硬質供應，該供應是在比特幣代碼中定義的，無法更改，而去中心化的網絡從未被黑客入侵，並且在沒有停機時間16年的情況下運行。儘管比特幣缺乏跨越數千年的黃金歷史記錄，但這可能表明未開發的增長潛力，而不是一個弊端。

Recently, there has been interest in whether now is the right time to invest in Bitcoin, given the price dips that have been attributed to global market fears and U.S. tariff policies.

最近，考慮到全球市場恐懼和美國關稅政策的價格下跌，現在對現在是否是投資比特幣的合適時機引起了興趣。

With a 400% surge since 2023 and prices now above past peaks, Bitcoin’s upward trend persists, despite short-term volatility. This suggests that the bull market still has room to run. However, several factors suggest that a new phase of the market is emerging.

自2023年以來的增長400％，現在的價格超過了過去的峰值，儘管短期波動率，比特幣的上升趨勢仍然存在。這表明牛市仍然有跑步餘地。但是，有幾個因素表明，市場的新階段正在出現。

Regulatory clarity is unlocking Bitcoin’s full potential

監管清晰度正在解鎖比特幣的全部潛力

Regulation, once a major talking point that hindered Bitcoin’s growth potential, is now evolving in a way that could unlock its full potential. The 2024 ETF approvals have already increased market liquidity and enhanced Bitcoin’s credibility as an asset class, which bodes well for its long-term viability.

法規曾經是阻礙比特幣增長潛力的主要話題，現在正在以一種可以釋放其全部潛力的方式發展。 2024年的ETF批准已經提高了市場流動性，並提高了比特幣作為資產類別的信譽，這對於其長期生存能力來說是很好的。

Price action since the launch of ETFs mirrors that seen for gold markets after the first gold ETFs launched in 2003, which kicked off a secular bull market for gold.

自2003年第一個黃金ETF在2003年推出的黃金市場上看到的ETF鏡子以來，價格行動以來，這開始了黃金的世俗牛市。

Data source: World Gold Council

數據來源：世界黃金委員會

Alongside this, the S.E.C.’s lighter touch under Trump—already dropping speculative lawsuits against crypto firms—signals a more supportive regulatory environment for crypto innovation.

除此之外，SEC在特朗普的領導下的輕微觸手可及（已經撤銷了針對加密貨幣公司的投機訴訟），這是一個更支持加密創新的監管環境。

Finally, the U.S. Strategic Bitcoin Reserve, established in March 2025, retains seized Bitcoin rather than liquidating it, and provisions for the government to purchase more Bitcoin in a budget-neutral manner—a telling acknowledgement of its value. Other governments are likely to adopt this approach.

最後，成立於2025年3月的美國戰略比特幣保護區保留了比特幣，而不是清算，政府以預算中性的方式購買更多比特幣，這是對其價值的承認。其他政府可能會採用這種方法。

Bitcoin is thriving in an environment of global debt burdens and fiat debasement

比特幣在全球債務負擔和法定貶低的環境中蓬勃發展

Global debt is now at all-time highs, and inflation risks are reappearing. In the U.S., the national debt continues to climb despite efforts by the new Department of Government Efficiency (DOGE). Across the pond, Europe’s ramped-up defence spending adds more borrowing pressure on the euro. In China, the government is implementing a slew of measures to combat a lull in consumer spending and reignite growth.

現在，全球債務一直處於歷史新高，通貨膨脹風險也重新出現。在美國，儘管新政府效率部（DOGE）努力，國債仍在繼續攀升。在整個池塘中，歐洲加大的國防支出增加了歐元的借貸壓力。在中國，政府正在採取一系列措施，以打擊消費者支出和重新燃燒的增長。

Bitcoin has repeatedly thrived in environments of broad-based monetary expansion, as shown in the graph below, which represents the Bitcoin price vs the global money supply.

如下圖所示，比特幣反复在基於廣泛的貨幣擴張的環境中蓬勃發展，這代表比特幣價格與全球貨幣供應。

Data source: BGeometrics.com

數據來源：bgeometrics.com

Taming volatility: Why cost-averaging works

馴服波動：為什麼成本平衡作品

Despite several fundamental tailwinds, investing in Bitcoin is notoriously volatile, making market timing the greatest challenge for investors. Bitcoin’s price swings are legendary—think 2017’s blockchain boom or 2020’s COVID rally, both followed by crashes.

儘管有幾個基本的逆風，但眾所周知，投資比特幣還是動蕩的，這使得市場時機成為投資者的最大挑戰。比特幣的價格波動是傳奇的 - 想想2017年的區塊鏈繁榮或2020年的Covid Rally，隨後都發生了崩潰。

By investing a fixed amount regularly, investors can smooth out the bumps.

通過定期投資固定的數量，投資者可以使顛簸變得平穩。

Historical data shows the effectiveness of a cost-averaging approach in high-potential, but volatile investments: steady Bitcoin buyers since 2017 have seen big gains with less stress. The same held for Nasdaq investors through the dotcom bust and the 2008 crash.

歷史數據表明，高潛力但動蕩的投資中一種成本平衡方法的有效性：自2017年以來，比特幣購買者的穩定，壓力較小。納斯達克投資者通過Dotcom Bust和2008年的崩潰也舉行了同樣的舉辦。

The chart below illustrates the power of a cost-averaging approach (light blue line) in recent years. Returns are in line with a lump-sum investment approach over the period.

下圖說明了近年來成本平衡方法（淺藍色線）的功能。回報與此期間的一次性投資方法一致。

Data source: costavg.com

數據來源：Costavg.com

The simple way to invest in Bitcoin: Jaltech’s Bitcoin Investment

投資比特幣的簡單方法：Jaltech的比特幣投資

For investors looking to gain or grow their exposure to Bitcoin, Jaltech offers a simple way to access the cryptocurrency. By simply completing an application form, Jaltech’s investment team will process investors and give them access to Bitcoin (and/or other cryptocurrencies).

對於希望獲得或增加其對比特幣的投資者，Jaltech提供了一種訪問加密貨幣的簡單方法。通過簡單地填寫申請表，Jaltech的投資團隊將處理投資者，並使他們訪問比特幣（和/或其他加密貨幣）。

Why invest with Jaltech vs buying Bitcoin on an exchange?

為什麼要與Jaltech vs購買比特幣在交易所進行投資？

Jason Welz & Chris McCormick

Jason Welz和Chris McCormick