揭開謎團：加密貨幣投資障礙暴露

儘管比特幣最近飆升並且推出了現貨比特幣交易所交易基金（ETF），但加密行業仍然難以吸引新投資者。 Z 世代和年輕的千禧世代男性仍然是加密貨幣的主要人群，這與廣泛採用的預期相反。質疑的原因之一是成本高昂，但分析顯示，透過零碎股票或加密 ETF 投資比特幣是可以負擔的，而且根據長期價格預測，比特幣被低估而不是被高估。

Cryptic Conundrum: Unraveling the Surprising Barriers to Crypto Investment

神秘難題：揭開加密投資的驚人障礙

Despite Bitcoin's stratospheric ascent and the proliferation of spot Bitcoin exchange-traded funds (ETFs), the cryptocurrency sector continues to grapple with the challenge of attracting new investors. A recent survey conducted by Motley Fool Ascent reveals that the primary demographic comprising crypto enthusiasts remains Gen Z and young millennial males, a finding that belies the widespread perception of crypto's imminent mainstream adoption.

儘管比特幣快速上漲並且現貨比特幣交易所交易基金（ETF）激增，但加密貨幣行業仍在努力應對吸引新投資者的挑戰。 Motley Fool Ascent 最近進行的一項調查顯示，加密貨幣愛好者的主要人群仍然是 Z 世代和年輕的千禧世代男性，這一發現掩蓋了加密貨幣即將成為主流的普遍看法。

Intriguingly, one of the primary reasons cited by skeptics for their reluctance to embrace crypto is its perceived high cost. However, a closer examination reveals that this assertion is fundamentally flawed.

有趣的是，懷疑論者不願接受加密貨幣的主要原因之一是其高昂的成本。然而，仔細研究就會發現，這種說法從根本上來說是有缺陷的。

Bitcoin Sticker Shock: A Misguided Perception

比特幣貼紙衝擊：一種誤導的看法

The notion of "cost" as a deterrent to crypto investment can be interpreted in various ways. The most probable interpretation, however, is a phenomenon known as "Bitcoin sticker shock." Imagine this scenario: an individual contemplates purchasing Bitcoin but, upon witnessing its current price hovering well above $70,000, promptly dismisses it as an unattainable asset.

「成本」這個概念作為加密貨幣投資的阻礙因素可以有多種解釋。然而，最可能的解釋是一種被稱為「比特幣價格衝擊」的現象。想像這樣的場景：一個人考慮購買比特幣，但在看到其當前價格遠高於 70,000 美元時，立即將其視為遙不可及的資產。

This perspective, however, is remarkably short-sighted. It is crucial to acknowledge that one is not obligated to purchase an entire Bitcoin. Fractional share ownership is an equally viable option. In fact, numerous popular crypto trading platforms facilitate transactions with as little as $1. For such a modest investment, you can become the proud proprietor of 0.00001 Bitcoin in today's market.

然而，這種觀點是非常短視的。重要的是要承認，人們沒有義務購買整個比特幣。部分股權是同樣可行的選擇。事實上，許多流行的加密貨幣交易平台都可以以低至 1 美元的價格進行交易。只需如此少量的投資，您就可以成為當今市場上 0.00001 比特幣的自豪擁有者。

Thus, acquiring Bitcoin is not akin to purchasing a brand-new Tesla Cybertruck. While the financial outlay may be comparable, the concept of owning a fractional Tesla Cybertruck is simply not feasible.

因此，取得比特幣並不等於購買全新的特斯拉 Cyber​​truck。雖然財務支出可能相當，但擁有部分特斯拉 Cyber​​truck 的概念根本不可行。

Even if the prospect of fractional Bitcoin ownership remains unappealing, there are alternative strategies to mitigate the perceived cost of Bitcoin. For instance, exposure to Bitcoin can be gained through investment in spot Bitcoin ETFs. These funds meticulously track Bitcoin's performance, and the two most widely circulated spot Bitcoin ETFs—iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Trust (FBTC)—remain priced below $70. For investors experiencing Bitcoin sticker shock, this significantly lower entry point may provide the impetus to overcome the psychological barrier posed by Bitcoin's elevated price.

即使部分比特幣所有權的前景仍然沒有吸引力，但也有其他策略來降低比特幣的感知成本。例如，可以透過投資現貨比特幣 ETF 來獲得比特幣曝險。這些基金仔細追蹤比特幣的表現，兩種流通最廣泛的現貨比特幣 ETF——iShares Bitcoin Trust (IBIT) 和 Fidelity Wise Origin Bitcoin Trust (FBTC)——價格仍然低於 70 美元。對於經歷比特幣價格衝擊的投資者來說，這種明顯較低的入場點可能會提供克服比特幣價格上漲所帶來的心理障礙的動力。

Overvaluation or Undervaluation: A Matter of Perspective

高估或低估：視角問題

Another interpretation of the "too expensive" excuse is that investors perceive Bitcoin as overvalued at its current price. Given Bitcoin's recent ascent to a new all-time high of $73,750 in mid-March, it is understandable why some may anticipate a price pullback before committing to an investment.

對「太貴」藉口的另一種解釋是，投資者認為比特幣以當前價格被高估。鑑於比特幣最近在 3 月中旬升至 73,750 美元的歷史新高，我們可以理解為什麼有些人在進行投資之前可能會預期價格回調。

While "buying the dip" represents a valid strategy for acquiring Bitcoin, it is unlikely that the majority of hesitant investors have this in mind. Instead, they likely conclude that the opportunity to profit from Bitcoin has passed. After all, Bitcoin's meteoric rise from $1 to $70,000 over the past decade may have led many to believe that its potential for appreciation is limited in the years to come.

雖然「逢低買入」是購買比特幣的有效策略，但大多數猶豫不決的投資者不太可能考慮到這一點。相反，他們可能得出的結論是，從比特幣中獲利的機會已經過去了。畢竟，比特幣在過去十年中從 1 美元迅速上漲至 7 萬美元，可能讓許多人相信其未來幾年的升值潛力有限。

However, this view is in stark contrast to the prevailing sentiment on Wall Street. The consensus among analysts is that Bitcoin will surpass $100,000 by the end of 2024 and $150,000 by the end of 2025.

然而，這種觀點與華爾街的普遍情緒形成鮮明對比。分析師一致認為，比特幣到 2024 年底將突破 10 萬美元，到 2025 年底將突破 15 萬美元。

Moreover, some analysts, such as Cathie Wood of Ark Invest, predict that Bitcoin's price could skyrocket to $3.8 million by 2030. If you invest now, there is still the potential to realize a nearly 50-fold return on your investment—a compelling proposition that suggests Bitcoin may be undervalued rather than overvalued at its current price.

此外，Ark Invest 的Cathie Wood 等一些分析師預測，到2030 年，比特幣的價格可能會飆升至380 萬美元。如果您現在投資，仍有可能實現近50 倍的投資回報——這是一個令人信服的主張這表明比特幣目前的價格可能被低估而不是被高估。

The Pitfalls of Bargain-Bin Cryptos

廉價加密貨幣的陷阱

The main shortcoming of the overvaluation argument lies in its tendency to drive investors towards the allure of ultra-cheap meme coins. With a few notable exceptions, many of these meme coins trade for fractions of a cent. For instance, Shiba Inu (SHIB) currently trades at an unfathomably low price of just $0.00003.

估值過高論點的主要缺點在於它傾向於促使投資者受到超便宜模因幣的誘惑。除了一些值得注意的例外，許多迷因幣的交易價格都不到一美分。例如，柴犬 (SHIB) 目前的交易價格低得令人難以置信，僅為 0.00003 美元。

However, it is essential to question whether Shiba Inu represents a more prudent investment than Bitcoin. Is it reasonable to believe that accumulating dog-themed meme coins is a wiser long-term strategy than acquiring fractional shares of Bitcoin? If the answer is affirmative, then the adage "you get what you pay for" holds true.

然而，有必要質疑柴犬是否代表了比比特幣更謹慎的投資。是否有理由相信累積以狗為主題的模因幣是比購買比特幣的部分股份更明智的長期策略？如果答案是肯定的，那麼「一分錢一分貨」這句格言就成立了。

Conclusion: Unveiling the True Barriers to Crypto Adoption

結論：揭示加密貨幣採用的真正障礙

The persistent challenge of attracting new investors to the crypto industry is not primarily attributable to its perceived high cost. Rather, it is a consequence of a combination of factors, including a lack of understanding, a tendency towards risk aversion, and the allure of superficially inexpensive meme coins.

吸引新投資者進入加密產業的持續挑戰並不是主要歸因於其高成本。相反，這是多種因素綜合作用的結果，包括缺乏理解、規避風險的傾向以及表面上便宜的模因幣的誘惑。

To surmount these barriers, it is imperative to educate potential investors about the nuances of crypto investing, provide resources to facilitate informed decision-making, and dispel misconceptions that hinder the adoption of this nascent asset class. Only through a concerted effort can the crypto industry achieve its full potential and unlock the transformative power of digital assets.

為了克服這些障礙，必須讓潛在投資者了解加密貨幣投資的細微差別，提供資源以促進明智的決策，並消除阻礙這一新興資產類別採用的誤解。只有透過共同努力，加密產業才能充分發揮潛力，釋放數位資產的變革力量。