比特币减半倒计时：市场准备迎接第四次供应冲击

两周后第四次比特币减半事件即将到来，可能发生在 4 月 20 日。在此事件期间，矿工的区块奖励将从 6.25 BTC 减少至 3.125 BTC，继续按计划每四年进行一次减半。比特币之前已经经历了三次减半，区块奖励从 2012 年的 50 BTC 减少到 25 BTC，然后在 2016 年减少到 12.5 BTC，在 2020 年减少到 6.25 BTC。

Countdown to Bitcoin's Fourth Halving: Implications and Market Anticipation

比特币第四次减半倒计时：影响和市场预期

New York City, April 6, 2023 - The highly anticipated fourth Bitcoin halving is fast approaching, with just over two weeks remaining until the event is triggered. Based on Bitcoin's average block production time of 10 minutes, the date is estimated to occur around 1 p.m. ET on April 20.

纽约，2023 年 4 月 6 日 - 备受期待的第四次比特币减半即将到来，距该事件触发仅剩两周多时间。根据比特币 10 分钟的平均出块时间，该日期预计发生在下午 1 点左右。美国东部时间 4 月 20 日。

The halving is a significant event in the Bitcoin ecosystem, occurring approximately every four years. It involves a 50% reduction in the block reward given to miners for verifying and adding new blocks of transactions to the blockchain. Currently, miners receive 6.25 BTC per block, and this reward will be reduced to 3.125 BTC post-halving.

减半是比特币生态系统中的一个重大事件，大约每四年发生一次。它涉及将给予矿工验证新交易块并将其添加到区块链的区块奖励减少 50%。目前，矿工每个区块可获得 6.25 BTC，减半后该奖励将减少至 3.125 BTC。

Bitcoin's halving mechanism is programmed into its code and aims to control the issuance of new bitcoins into circulation. It is designed to create scarcity and maintain the asset's long-term value. To date, Bitcoin has experienced three halving events, reducing the block reward from 50 BTC in 2012 to 25 BTC in 2016, then to 12.5 BTC in 2020.

比特币的减半机制被编程到其代码中，旨在控制新比特币的发行进入流通。它旨在创造稀缺性并维持资产的长期价值。迄今为止，比特币已经经历了三次减半事件，区块奖励从2012年的50 BTC减少到2016年的25 BTC，再到2020年的12.5 BTC。

The halving event is significant for several reasons. Firstly, it creates a supply shock by reducing the number of new bitcoins entering the market. This can lead to increased demand and potentially higher prices. Historically, Bitcoin has exhibited price fluctuations around halving events, although a direct causal relationship has not been definitively established.

由于多种原因，减半事件意义重大。首先，它通过减少进入市场的新比特币数量而造成供应冲击。这可能会导致需求增加并可能导致价格上涨。从历史上看，比特币在减半事件前后表现出价格波动，尽管尚未明确建立直接因果关系。

Secondly, the halving event highlights Bitcoin's deflationary nature. Unlike fiat currencies, which can be inflated through quantitative easing, Bitcoin's supply is finite, with a maximum of 21 million bitcoins that can ever be mined. This scarcity is a key factor in Bitcoin's perceived value as a long-term store of value.

其次，减半事件凸显了比特币的通缩性质。与可以通过量化宽松政策通胀的法定货币不同，比特币的供应量是有限的，最多可开采 2100 万枚比特币。这种稀缺性是比特币被视为长期价值储存手段的关键因素。

One widely debated question surrounding the halving is whether the market has already "priced in" its impact. Some analysts believe that the recent bull run in Bitcoin's price may have already accounted for the halving's effect. However, others argue that the halving could still trigger a surge in demand and price appreciation.

围绕减半的一个广泛争论的问题是市场是否已经“消化”了其影响。一些分析师认为，最近比特币价格的牛市可能已经解释了减半的影响。然而，其他人认为减半仍可能引发需求激增和价格升值。

According to Coinbase analysts David Duong and David Han, "This is the first halving cycle which saw bitcoin breach its all-time high before the halving, which could mean that the effect has already been priced in by savvy traders."

Coinbase 分析师 David Duong 和 David Han 表示，“这是第一个减半周期，比特币在减半前突破了历史高点，这可能意味着精明的交易者已经消化了这种影响。”

Despite this speculation, the analysts also acknowledge that there is still widespread anticipation that the halving may further increase prices, "which could result in behavior that results in a rally."

尽管有这样的猜测，分析师也承认，人们仍然普遍预期减半可能会进一步提高价格，“这可能会导致价格上涨”。

The upcoming Bitcoin halving represents a significant milestone in the cryptocurrency's history and is an event that traders, investors, and enthusiasts alike will be monitoring closely.

即将到来的比特币减半是加密货币历史上的一个重要里程碑，也是交易者、投资者和爱好者都将密切关注的事件。