儘管經歷了多個價格下跌的旅程，就像我們目前正在目睹的那樣，領先的數字資產一直是投資者的絕佳財富。

在過去的十年中，標準普爾500指數（^GSPC 2.13％）的總回報率為224％。儘管這是可觀的收益，但比特幣（BTC -0.44％）的表現要好得多。

In the last decade, the S&P 500 (GSPC 2.13%) has produced a total return of 224%. While this is a respectable gain, Bitcoin (BTC -0.44%) has fared much better. Since mid-March 2015, the world’s top cryptocurrency has skyrocketed a jaw-dropping 29,690% (as of March 12).

在過去的十年中，標準普爾500指數（GSPC 2.13％）的總回報率為224％。儘管這是可觀的收益，但比特幣（BTC -0.44％）的表現要好得多。自2015年3月中旬以來，世界上最高的加密貨幣飆升了29,690％（截至3月12日）。

Despite a volatile journey that has seen multiple price dips, like the one we are currently witnessing, the leading digital asset has been a fantastic wealth generator for investors. But where will Bitcoin be in 10 years?

儘管經歷了多個價格下跌的旅程，就像我們目前正在目睹的那樣，領先的數字資產一直是投資者的絕佳財富。但是10年後比特幣會在哪裡？

Going mainstream

成為主流

Bitcoin has had a long journey to get it to its current position as a $1.6 trillion asset. Numerous different exchanges, as well as financial services providers, have added functionality that allowed more individuals to buy and hold it. It has dealt with many huge drawdowns due to waning investor interest, only to bounce back stronger than ever to reach higher highs.

比特幣已經有一段漫長的旅程將其作為1.6萬億美元資產的當前地位。許多不同的交流以及金融服務提供商都增加了功能，使更多的人可以購買和持有。由於投資者的興趣減弱，它已經處理了許多巨大的下降，只是反彈比以往任何時候都更強大，以達到更高的高點。

Bitcoin has never been hacked. And about every four years, it has successfully undergone a halving, demonstrating that the network is working as planned.

比特幣從未被黑客入侵。大約每四年一次，它已經成功進行了一半，這表明該網絡正在按計劃工作。

In the second half of 2020, we saw corporations like Strategy (formerly known as MicroStrategy) and Block start adding Bitcoin to their balance sheets. Tesla joined in on the action in early 2021. That same year, El Salvador became the first country to adopt Bitcoin as legal tender.

在2020年下半年，我們看到了諸如戰略（以前稱為MicroStrategy）之類的公司，並且Block開始在其資產負債表中添加比特幣。特斯拉（Tesla）於2021年初加入了行動。同年，薩爾瓦多（El Salvador）成為第一個採用比特幣作為法定招標的國家。

In January 2024, the Securities and Exchange Commission approved spot Bitcoin ETFs, which was a highly anticipated move. This was a huge step forward that solidified Bitcoin’s position as a legitimate financial asset.

2024年1月，美國證券交易委員會批准了現場比特幣ETF，這是備受期待的舉動。這是向前邁出的一大步，鞏固了比特幣作為合法金融資產的地位。

And during last year’s presidential election, it became clear Bitcoin had caught the attention of politicians in Washington. Then-presidential candidate Donald Trump was the keynote speaker at the Bitcoin conference last summer, showcasing how important it was to win over crypto’s supporters.

在去年的總統大選中，很明顯，比特幣引起了華盛頓政客的注意。當時的總統候選人唐納德·特朗普（Donald Trump）是去年夏天的比特幣會議上的主題演講者，展示了贏得加密貨幣的支持者的重要性。

A bright future

光明的未來

Perhaps the biggest argument that the naysayers had was that the U.S. government would eventually ban Bitcoin. It would make it illegal to own, trade, and mine it, effectively pressuring demand from the world’s largest economy. The thinking was that such a move would negatively impact Bitcoin’s price.

反對者的最大論點也許是美國政府最終將禁止比特幣。擁有，貿易和挖掘它將有效地施加了世界上最大經濟體的需求，這將使它違法。這樣的想法是，這樣的舉動會對比特幣的價格產生負面影響。

That important risk factor is beginning to look like less of a worry these days. On March 6, President Donald Trump signed an executive order announcing the creation of a Bitcoin Strategic Reserve. It will be funded with the coins the U.S. already owns from criminal or civil asset forfeiture proceedings. The government can also find budget-neutral ways to acquire more Bitcoin. What’s more, under the terms of the order, no Bitcoin in the reserve will be sold.

如今，這種重要的危險因素開始看起來不太擔心。 3月6日，唐納德·特朗普（Donald Trump）總統簽署了一項行政命令，宣布創建比特幣戰略儲備。它將由美國已經從刑事或民事資產沒收程序中擁有的硬幣提供資金。政府還可以找到預算中立的方法來獲取更多比特幣。更重要的是，根據訂單的條款，將不出售儲備金中的比特幣。

This move can be viewed as a huge win for the Bitcoin bulls. The world’s largest economy has now made it clear that it wants to own the digital asset, which could set off a race among other countries to do the same, leading to buying pressure.

這一舉動可以看作是比特幣公牛隊的巨大勝利。現在，世界上最大的經濟體已經明確表示，它希望擁有數字資產，這可能會使其他國家之間的競賽進行同樣的事情，從而導致購買壓力。

This makes it easy to believe that Bitcoin has a bright future, particularly as a more popular store-of-value asset. Its fixed supply of 21 million coins, supporting absolute scarcity, is the most important characteristic that can drive more interest among investors who want to own an asset that can’t be debased.

這很容易相信比特幣具有光明的未來，尤其是作為更受歡迎的商店資產。它的固定供應2100萬個硬幣支持絕對稀缺，是最重要的特徵，它可以在想要擁有無法貶低的資產的投資者中引起更多的興趣。

Gold is often viewed in comparison. The value of all the precious metal aboveground is estimated to be $20 trillion. Assuming Bitcoin appreciates to this level, there is 1,150% upside from the current level of a $1.6 trillion market cap.

相比之下，通常會看到黃金。據估計，所有貴金屬地上的貴金屬價值為20萬億美元。假設比特幣欣賞到這一水平，目前的市值為1,150％的上​​限有1,150％的上​​限。

However, this view could be conservative. Bitcoin is superior to gold in multiple ways, as it’s verifiable, portable, and divisible.

但是，這種觀點可能是保守的。比特幣以多種方式優於黃金，因為它的可驗證，便攜式和可分開。

In the past decade, Bitcoin’s price skyrocketed almost 30,000%. While I don’t think it’s reasonable to assume a similar type of gain in the next 10 years, I am confident the price will be substantially higher in 2035.

在過去的十年中，比特幣的價格飆升了近30,000％。雖然我認為在未來10年內假設類似類型的收益是不合理的，但我相信2035年的價格將大大提高。