比特币 (BTC) 如今仍然具有吸引力——原因如下

虽然这可能看起来平淡无奇，但安静期实际上可能是买入的好时机。以下是比特币如今仍然具有吸引力的三个原因——不仅因为其近期潜力，还因为其无与伦比的长期价值。

Bitcoin (CRYPTO: BTC) has kicked off 2024 with a strong performance, but much of its gains came in the early part of the year. Since then, its momentum has cooled off a bit.

比特币（CRYPTO：BTC）以强劲的表现拉开了 2024 年的序幕，但其大部分收益都来自今年年初。从那时起，它的势头有所降温。

While this may seem underwhelming, this quieter period could present an opportune time to buy. Here are three reasons Bitcoin remains a compelling buy today -- not just for its near-term potential, but also for its unmatched long-term value.

虽然这可能看起来平淡无奇，但这段安静的时期可能是买入的好时机。以下是比特币如今仍然具有吸引力的三个原因——不仅因为其近期潜力，还因为其无与伦比的长期价值。

Bitcoin spot ETFs are gaining steam once againOne promising sign of potential for Bitcoin in the near term is the continued interest in spot Bitcoin ETFs. While this doesn't guarantee Bitcoin's next big move, spot ETFs have been a major catalyst for its price appreciation. During the early months of 2024, they were largely responsible for Bitcoin's initial surge, at one point buying up over 10 times the daily production rate of Bitcoin. This level of buying created fresh demand and drove Bitcoin's price to all-time highs.

比特币现货 ETF 再次获得动力 近期比特币潜力的一个有希望的迹象是人们对现货比特币 ETF 的持续兴趣。虽然这并不能保证比特币的下一次大动作，但现货 ETF 一直是其价格升值的主要催化剂。在 2024 年初的几个月里，他们对比特币的最初飙升负有主要责任，一度购买了比特币日产量的 10 倍以上。这种购买水平创造了新的需求，并将比特币的价格推至历史新高。

ETF activity hit a plateau during the summer months, but interest has picked up again. For instance, BlackRock's iShare Bitcoin Trust (NASDAQ: IBIT) recorded $1.1 billion in net new cash inflows last week. That marks its best stretch since March 2024 and was enough to push it into territory that makes it the most successful ETF over the past four years when measured by assets under management.

ETF 活动在夏季达到稳定水平，但兴趣再次回升。例如，贝莱德旗下的 iShare Bitcoin Trust（纳斯达克股票代码：IBIT）上周录得 11 亿美元的净新现金流入。这是自 2024 年 3 月以来的最佳表现，足以将其推向新的领域，使其成为过去四年来以管理资产衡量最成功的 ETF。

If this trend in ETF buying activity continues, it could provide a strong tailwind for Bitcoin's price and set the stage for Bitcoin's next leg up, as we saw at the beginning of the year.

如果 ETF 购买活动的这种趋势持续下去，它可能会为比特币的价格提供强劲的推动力，并为比特币的下一步上涨奠定基础，正如我们在今年年初看到的那样。

Post-halving performance bodes wellIn April 2024, Bitcoin experienced its most recent halving. Occurring roughly every four years, Bitcoin halvings reduce the rate at which new Bitcoin is produced by half. This reduction in supply typically triggers a supply shock that eventually drives up demand and, in turn, Bitcoin's price. Historically, years that include a halving event tend to bring significant price appreciation, with an average gain of around 100%.

减半后表现良好 2024 年 4 月，比特币经历了最近一次减半。比特币减半大约每四年发生一次，使新比特币的生产速度降低一半。供应的减少通常会引发供应冲击，最终推高需求，进而推高比特币的价格。从历史上看，发生减半事件的年份往往会带来显着的价格上涨，平均涨幅约为 100%。

But it's the post-halving years that tend to produce the most impressive results. The full effects of the halving often take time to materialize as the market adjusts to the new, limited supply. On average, Bitcoin has seen a 350% gain during the year following each halving, making 2025 a particularly high-potential year. This historical trend, coupled with increased demand from spot Bitcoin ETFs, could set up Bitcoin for potentially impressive gains in the coming months. For investors looking to buy Bitcoin, 2024's post-halving setup could be the ideal entry point for capturing these future gains.

但减半后的几年往往会产生最令人印象深刻的结果。随着市场适应新的、有限的供应，减半的全部影响通常需要一段时间才能显现出来。平均而言，比特币在每次减半后的一年内都会上涨 350%，这使得 2025 年成为潜力特别大的一年。这一历史趋势，加上现货比特币 ETF 需求的增加，可能会让比特币在未来几个月内获得令人印象深刻的收益。对于希望购买比特币的投资者来说，2024 年减半后的情况可能是捕捉这些未来收益的理想切入点。

Bitcoin's core value proposition remains intactWhile near-term factors may offer optimism, it's Bitcoin's long-term potential that really stands out for investors.

比特币的核心价值主张保持不变虽然近期因素可能会带来乐观情绪，但对投资者来说真正引人注目的是比特币的长期潜力。

At its core, Bitcoin is designed to be an inflation-resistant, decentralized, and finite asset -- qualities that are especially appealing in today's economic environment. As governments navigate record-breaking debt and inflation seems likely to stick around, Bitcoin's capped supply of 21 million coins offers a compelling alternative and a way to invest outside of traditional finance.

从本质上讲，比特币被设计为一种抗通胀、去中心化和有限的资产——这些品质在当今的经济环境中特别有吸引力。随着政府应对破纪录的债务和通货膨胀似乎可能持续存在，比特币 2100 万枚的上限提供了一种令人信服的替代方案和传统金融之外的投资方式。

From this perspective, there's arguably no "bad time" to buy Bitcoin. While certain times (like during bear market lows) have historically provided better entry points, Bitcoin's unique attributes make it a valuable asset in almost any market cycle. Consider that no Bitcoin holder who has maintained their investment for at least four years or more has ever realized a loss. That speaks to the cryptocurrency's resilience.

从这个角度来看，购买比特币可以说没有“糟糕的时机”。虽然某些时期（例如熊市低点期间）历史上提供了更好的切入点，但比特币的独特属性使其成为几乎任何市场周期中的宝贵资产。考虑一下，没有一个比特币持有者维持投资至少四年或更长时间，从未意识到过损失。这说明了加密货币的弹性。

For those who believe Bitcoin will transform the financial landscape, it presents a once-in-a-generation value proposition. Surging demand, driven by a combination of institutional adoption, macroeconomic trends, and technological advancements, points toward a clear, upward trajectory. At today's price of just under $70,000, Bitcoin could appear to be a screaming value in retrospect if it continues on its current path.

对于那些相信比特币将改变金融格局的人来说，它提出了一个千载难逢的价值主张。在制度采用、宏观经济趋势和技术进步的共同推动下，需求激增，指向一条清晰的上升轨迹。以今天略低于 70,000 美元的价格来看，如果比特币继续沿着目前的路径发展，回想起来可能会显得具有惊人的价值。