比特幣的起源：一則引發革命的推文

2009 年 1 月 10 日，一則推文悄悄創造了歷史，這條推文後來被認為是數位金融革命的基石。

On January 10, 2009, an understated yet pivotal event occurred in the digital financial realm. A tweet, later recognized as a cornerstone in the history of Bitcoin, was posted by Hal Finney, an early Bitcoin adopter and renowned computer scientist. The tweet simply stated, “Running Bitcoin.” At the time, Bitcoin had no monetary value, but this moment marked the beginning of a global financial transformation.

2009年1月10日，數位金融領域發生了低調但關鍵的事件。早期比特幣採用者、著名電腦科學家 Hal Finney 發布了一則推文，後來被認為是比特幣歷史的基石。該推文只是簡單地說：“運行比特幣。”當時，比特幣沒有貨幣價值，但這一刻標誌著全球金融轉型的開始。

Finney's tweet was highlighted by Bitcoin historian Pete Rizzo, who shared its significance on X, a social media platform dedicated to covering noteworthy events. “The 1st Bitcoin tweet, posted when the price was $0, exactly 16 years ago,” Rizzo noted in his post. Two days later, on January 12, 2009, Finney would again make history by receiving the first-ever Bitcoin transaction from the pseudonymous creator of Bitcoin, Satoshi Nakamoto.

比特幣歷史學家 Pete Rizzo 強調了芬尼的推文，他在 X 上分享了這條推文的重要性，X 是一個致力於報導值得注意事件的社群媒體平台。 「第一條比特幣推文是在 16 年前，價格為 0 美元時發布的，」Rizzo 在他的帖子中指出。兩天后，即 2009 年 1 月 12 日，芬尼再次創造歷史，收到了來自比特幣匿名創始人中本聰 (Satoshi Nakamoto) 的第一筆比特幣交易。

As we fast forward sixteen years, Bitcoin's journey from being a novel concept to becoming a globally recognized financial asset is nothing short of extraordinary. From its humble beginnings as an experiment in digital money, Bitcoin has soared to an all-time high of $108,268 on December 17, 2024, capturing the imagination of millions worldwide.

十六年過去了，比特幣從一個新穎的概念到成為全球公認的金融資產，歷程堪稱非凡。從最初作為數位貨幣實驗的卑微開始，比特幣已於 2024 年 12 月 17 日飆升至 108,268 美元的歷史新高，激發了全球數百萬人的想像。

Hal Finney's Vision: Bitcoin at $10 Million

哈爾芬尼的願景：比特幣價值 1000 萬美元

Being one of the earliest and most visionary proponents of Bitcoin, Finney foresaw the cryptocurrency's vast potential. In a forum post that would go on to become legendary, he predicted that if Bitcoin were to become the world's dominant payment system, its value “should be equal to the total value of all the wealth in the world.” By this logic, he estimated a staggering $10 million valuation for Bitcoin — an idea that continues to be debated among enthusiasts and skeptics alike.

作為比特幣最早、最有遠見的支持者之一，芬尼預見了這種加密貨幣的巨大潛力。在一篇後來成為傳奇的論壇貼文中，他預測，如果比特幣要成為世界上占主導地位的支付系統，它的價值「應該等於世界上所有財富的總價值」。按照這種邏輯，他估計比特幣的估值高達 1000 萬美元——這個想法在狂熱者和懷疑者中仍在爭論。

Bitcoin's Current Trends: Indicators and Analysis

比特幣當前趨勢：指標與分析

At present, Bitcoin is trading at $94,507, showing a slight 0.83% decrease over the past 24 hours. However, its resilience amid market fluctuations remains a key area of interest for investors. Certain indicators, such as the Short-Term Holder (STH) cost-basis model, provide valuable insights into Bitcoin's trajectory.

目前，比特幣交易價格為94,507美元，過去24小時小幅下跌0.83%。然而，其在市場波動中的韌性仍然是投資者感興趣的關鍵領域。某些指標，例如短期持有者（STH）成本基礎模型，可以為比特幣的軌跡提供有價值的見解。

According to Glassnode, the price of Bitcoin is currently 7% above the STH cost basis, which stands at $88,135. Over the years, this model has been used to identify market lows and distinguish bull cycles from bear trends. A drop below this level could indicate a shift in sentiment among new investors, potentially marking a turning point for the market.

根據 Glassnode 的數據，比特幣的價格目前比 STH 成本基礎高出 7%，即 88,135 美元。多年來，該模型一直被用來識別市場低點並區分牛市週期和熊市趨勢。跌破這一水平可能表明新投資者的情緒轉變，這可能標誌著市場的轉折點。

New Investors Fuel Bitcoin Liquidity

新投資者推動比特幣流動性

One interesting observation is the percentage of Bitcoin wealth held by new investors — coins less than three months old — which has reached 49.6% of network liquidity. This shift suggests that older holders have been distributing their coins throughout the rally, while strong demand from new participants has countered any sell-side pressure.

一個有趣的觀察是新投資者持有的比特幣財富（不到三個月的硬幣）所佔的百分比已達到網路流動性的 49.6%。這種轉變表明，老持有者在整個上漲過程中一直在分配他們的代幣，而新參與者的強勁需求抵消了賣方的壓力。

Looking to the Future: The Legacy of Hal Finney

展望未來：哈爾·芬尼的遺產

Hal Finney's contributions to Bitcoin are woven into its very fabric, from the first Bitcoin transaction to his groundbreaking vision of a $10 million valuation. As Bitcoin approaches $100,000 and beyond, his legacy continues to inspire, with his predictions serving as a beacon for those who envision cryptocurrency as a pillar of the future global economy.

從第一筆比特幣交易到他對 1000 萬美元估值的開創性願景，哈爾·芬尼 (Hal Finney) 對比特幣的貢獻融入了比特幣的結構之中。隨著比特幣接近 10 萬美元甚至更高，他的遺產繼續鼓舞人心，他的預測為那些將加密貨幣視為未來全球經濟支柱的人樹立了燈塔。